The Federal Government has removed import duty on importation of ships and its spare parts to encourage indigenous shipping in Nigeria
The Director General, Nigerian Maritime Administration and Safety, Dr. Bashir Jamoh, who announced this at the Nigeria International Maritime Summit,also explained that the Presidency had obeyed the industry’s request for incentives to enhance the local shipping capacity.
He added:“When I assumed office as the Director General of NIMASA, I deliberately worked on two incentives for the maritime sector and one of them is fiscal incentives for the shipping industry.Today, the incentive has been granted and I have the memo with me but we are still waiting for the announcement from the Ministry of Transportation, which we believe will happen soon.”
According to him, the fiscal policy was long overdue, adding that the Federal Government had made similar incentives for rail transport, manufacturers, airline operators among other sectors.
