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FG Bans Importation of Packaged Tomato Paste, Raises tariff on concentrate from 5%-50%


FG Bans Importation of Packaged Tomato Paste, Raises tariff on concentrate from 5%-50%

FG Bans Importation of Packaged Tomato Paste, Raises tariff on concentrate from 5%-50%

Yesterday, the FG, though the Ministry of Industry, Trade and Investment, banned the importation of tomato paste, powder or concentrate, and increased the tariff on importation of tomato concentrate among others from 5% to 50% in order to revive the tomato sector, ThisDay reports.

According to operators, the value of imported tomato paste in Nigeria is about $170m and $50m spent on triple tomato concentrate.

A document titled: ‘Implementation of the tomato sector policy’ which was signed by the Director, Industry Development of the ministry, Mr. Adewale Bakare, stated that such action would revive the sector, create jobs and preserve foreign exchange.

The document stated: “As you are aware, government has overtime engaged tomato industry stakeholders on ways to deepen the industry and particularly, encourage the use of locally produced tomato fruits across the value chain.

It is in that regard that I am directed to bring to your notice the decision of the government towards boosting production and attracting investments into the tomato sector.

These include ‘classification of greenhouse equipment as agricultural equipment to attract zero per cent import duty. Ban on the importation of tomato paste, powder or concentrate put up for retailing and others.

Ban on tomato prepared or preserved by vinegar or acetic acid and others. Increase in the tariff on the tomato concentrate and other concentrates.”

It further stated that “It is expected that the foregoing measures which are situated within the overall road map for the development of the industry, will create jobs, save foreign exchange and create capacity for export of tomato concentrate and paste to ECOWAS sub –region and beyond.”

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