Stakeholders Seek Custom Cut on Agric Equipment

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Stakeholders in the agriculture sector have expressed worry over Custom charges on selected agriculture equipment, despite government policy of zero tariffs on machines. They are concerned that four-wheel tractors attract 0 percent in Custom charges, while two-wheel motor cultivator attracts about 35 percent.

This was expressed at the just concluded Nigeria Agribusiness Group (NABG) conference and Agric expo held in Abuja by the Managing Director, Goshen Greenland Limited, David Okpon. He lamented that a motor cultivator they bought for N2.1m had not been collected because of 35 percent Custom service charges, running into N745, 000. He further said: “The major interest behind bringing in the motor cultivators is because the people feeding Nigeria are small holder farmers, who have been labouring with hoes and cutlasses and we thought we should empower this segment of farmers in the country.

The stakeholders seek for harmonization of Custom charges by the government on agriculture equipment, so that they attract zero charges when imported.