- President signed Executive Order removing tariffs, excise duties and VAT on specified healthcare machinery, equipment and raw materials
- Aim is to revitalize health sector and increase local production of healthcare products
- Specified items include active pharmaceutical ingredients, excipients, and essential raw materials for manufacturing drugs, syringes, needles, insecticides, nets, and rapid diagnostic kits
- Federal Inland Revenue Service, Nigeria Customs Service, and other ministries and agencies responsible for implementing Order swiftly
- Special waivers and exemptions effective for two years
Source: ensafrica.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
