CPPE proposes a 6-month N1,000/dollar customs duty rate to stabilize Nigeria's exchange rate for cargo clearance during the cost-of-living crisis.

CPPE has urged the Nigerian government to set the customs duty foreign exchange rate at N1,000/dollar for six months, as a measure to stabilize the country's volatile exchange rate for cargo clearance, addressing inflation and supporting businesses amid the cost-of-living crisis. This suggestion aligns with ongoing foreign exchange reforms and does not conflict with them, as it's proposed as a separate trade policy matter.

August 18, 2024
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