@HarmlessHQ when will you people get it that frequency of sales is more important that the production itself. How do you get the customers to buy your very own eggs?
Actually this is a “class action” I can get behind on my own dime. I’ll have a team do some preliminary research and if we decide to pursue, I’ll give an update. We need more public interest litigation.
LAWLESS AND SATANIC EXTORTION..PONZY GAMERS
ONYINYE SATAN ...GIFT WITH RIGHT HAND AND STEAL MORE WITH LEFT HAND
They announced reduction of duties on Tokunbo Vehicles to 5% ..and many clapped for them
Oya, see below the breakdown of other hidden levies, taxes and charges they never removed ...Ndi ori ...ndi aka na akpa
..............................
New import regulations for used vehicles in Nigeria:
1. Import duty: 5%
2. National Automotive Council levy: 15%
3. Value-added tax (VAT): 7.5%
4. Port surcharge: 7%
5. FOB valuation charge: 4%
6. ETL tax: 1%
7. CISS fee: 1%
8. 2% green tax applicable to vehicles with engines under 1.5T displacement
9.Other payable costs include customs value assessment adjustment, destination port handling fees of USD 15 per cubic meter, customs clearance agency fees, document fees and various miscellaneous charges.
LET ME ADD UP THIS FEES AND SUMMARISE IT UP PRACTICALLY FOR YOU WITH AN EXAMPLE
For a refigerated truck valued CIF at $40,880.00/N57,518,160.00, below is what these hoodlums will extort from us;
40,880 USD/ × 42.5% + 15 USD per CBM × 68 CBM + 400 USD, plus a 2,000 USD gratuity for the customs clearance agent.
The total estimated expense is roughly 20,794 USD, exclusive of all document fees and other miscellaneous charges.
In short, the port and clearance costs will be no less than over USD21, 000 .00/N29,547,000.00 with paperwork fees charged separately.
HOW CAN ONE BE EXTORTED N29.5MILLION FOR BRINGING IN URGENT AND NEEDED PRODUCTION AIDING MACHINERY PURCHASED AND SHIPPED INTO NIGERIA AT A CIF COST OF N57.5MILLION.
THE UGLY IMPLICATIONS....
In a country, where transport and freight cost is 3 times higher than the African average...
In a country that require average demand of 700,000 Vehicles annually, and with total domestic supply [ PRODUCTION CAPACITY OF ALL VEHICLE ASSEMBLY PLANTS IN NIGERIA] at 14,000 vehicles [ 2%] , its madness to keep extorting from the people with this high levies ...
NIGERIA TODAY NEEDS 25,000 REFIGERATED TRUCKS TO MOVE F0OD COMMODITIES ACROSS THE LAND AND TO HELP US REDUCE SOME OF THE POST HARVEST LOSSES [ CURRENTLY ESTIMATED AT N3.2TRILLION ANNUALLY] , BY FOOD PRODUCERS ....
THIS APC GOVERNMENT IS Deliberately acting like PLAGUES...REAL CANKERWORMS ... ONYINYE MAMIWATER... HOW ON EARTH WILL YOU PLACE HUGE TERRIFS, TAXES AND AL MANNER OF LEVIES ON A KEY FACTOR OF PRODUCTION/ MEANS OF TRANSPORT AND MOVEMENT , THAT YOU CANNOT PRODUCE DOMESTICALLY?
LET THE DATA BOYS COME AND DEFEND AND SPIN THIS ONE ...I AM WAITING