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The federal government has commenced strategic review of tariff policies to encourage local production, protect domestic industries, and ease the cost of doing business. This followed a high-level meeting with the Tariffs Review Board and the Minister of State for Finance, Dr Doris Uzoka-Anite, where existing tariff regimes were weighed against the backdrop of rising production costs and foreign exchange pressures. Discussions focused on supporting the Federal Government’s industrialisation agenda, addressing challenges faced by local manufacturers, and ensuring a balanced approach that facilitates essential imports while strengthening Nigeria’s local value chains........................READ MORE |