MARKET DEVELOPMENT
Nigeria: Zero Duty On Palm Oil Products Threatens Local Industry - NACCIMA
Nigeria: Zero Duty On Palm Oil Products Threatens Local Industry - NACCIMA
22/12/2014 (AllAfrica.com) - The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), weekend, called on the Federal Government to reconsider the ECOWAS CET document and revise the tariff on other palm oil products in line with others whose tariff are clearly stated.
NACCIMA made the call during the presentation of its communiqué on 'Agricultural Value Chain' to the Minister of Agriculture and Rural Development, Akinwunmi Adesina, for his consideration and implementation.
The delegation was received by the Minister of State, Hajia Asabe Ahmed and Director Agro Processing and Marketing Department, Engr. O.B. Jatto.
Alhaji Mohammed Badaru Abubakar, National President of NACCIMA, who led the delegation, said: "Honourable Minister it is pertinent to draw your attention to the urgent need for this is essential in other not to jeopardize the Transformation agenda of the Federal Government on the Palm revitalization in the Agricultural sector.
"The implication of not indicating the duty payable for this product implies zero duty, consequently if this omission is allowed to stand, it would lead to flooding of the market with these products through our neighboring countries of Ivory Coast, Ghana, Kotonou and Togo where we are all aware they are mostly dumped, thereby killing the market for locally produced palm oil products."
"Finally, We wish to reemphasised our Association's readiness to continue to partner with the Federal Government towards the revitalisation/rejuvenation of our Agricultural Sector, with all of us working as partners in progress, we will be able to achieve food sufficiency for consumption, raw materials for industrial growth and boost our exports potentials in a manner that will make the country achieve the target of being among the first 20 agriculturally developed nations by the year 2020."
NACCIMA made the call during the presentation of its communiqué on 'Agricultural Value Chain' to the Minister of Agriculture and Rural Development, Akinwunmi Adesina, for his consideration and implementation.
The delegation was received by the Minister of State, Hajia Asabe Ahmed and Director Agro Processing and Marketing Department, Engr. O.B. Jatto.
Alhaji Mohammed Badaru Abubakar, National President of NACCIMA, who led the delegation, said: "Honourable Minister it is pertinent to draw your attention to the urgent need for this is essential in other not to jeopardize the Transformation agenda of the Federal Government on the Palm revitalization in the Agricultural sector.
"The implication of not indicating the duty payable for this product implies zero duty, consequently if this omission is allowed to stand, it would lead to flooding of the market with these products through our neighboring countries of Ivory Coast, Ghana, Kotonou and Togo where we are all aware they are mostly dumped, thereby killing the market for locally produced palm oil products."
"Finally, We wish to reemphasised our Association's readiness to continue to partner with the Federal Government towards the revitalisation/rejuvenation of our Agricultural Sector, with all of us working as partners in progress, we will be able to achieve food sufficiency for consumption, raw materials for industrial growth and boost our exports potentials in a manner that will make the country achieve the target of being among the first 20 agriculturally developed nations by the year 2020."