Nigeria urged to lift imported luxury goods ban

Image
IANS
Last Updated : Jul 13 2017 | 8:58 PM IST

Abuja, July 13 (IANS/MAP) The Nigerian government was on Thursday urged by a key expert to lift a ban on import of some luxury goods.

Fitzgerald Umah, the Chairman of Lagos Chapter of Nigeria Institute of Architects (NIA), made the appeal in an interview with the News Agency of Nigeria (NAN) in Lagos.

He said that the government could increase import duty on these luxury goods, instead of placing a total ban on them.

The NIA chairman said the government should be more concerned about implementing policies that would promote bilateral trade between Nigeria and other countries.

"The fact the country wants to encourage local manufacturers to increase local productivity does not imply that total ban will be placed on majority of imported goods," Umah said.

He said that the world is changing and it is a global market where international trade is necessary.

"I do not mean government should allow importation of inferior goods like tooth-pick, plastic, matches, among others... But luxury and essential products like floor and wall tiles, furniture, WC toilet system and the likes can be allowed into the country," he said.

Umah said he was concerned because some of the banned luxury goods were being smuggled into the country in spite of government's ban and restriction.

"Therefore, it is not a wise decision to ban these goods because they will still be smuggled in and no payment maybe paid to the government and government stands to lose."

--IANS/MAP

soni/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 13 2017 | 8:48 PM IST

Next Story