The Federal Government has lifted the embargo on the importation of textile materials into the country. This was revealed in Lagos yesterday, by the Comptroller-General of the Nigeria Customs Service, (NCS), Alhaji Abdullahi Dikko.
This calls for celebrations among businessmen in the country as the Federal Government has reverted the ban on the importation of textiles and furniture into Nigeria.
Speaking at the official launching of the implementation of Economic Community of West Africa States, (ECOWAS), Common External Tariff, (CET), Abdullahi Dikko said that the items were removed from the prohibition list in line with the laws guiding the CET regime.
“Textile, furniture and others have become dutiable as both commodities have been removed from the Import Prohibition Lists and it is going to be implemented” Dikko said.
The new CET regime according to an official of the tariff will eventually lead to consolidated regional market while stimulating regional production capacity and deepening economic integration.
It will recalled that the Federal Government banned these items in 2010 to protect the local industries whose level of growth was hampered by the massive importation of these good and services.