Nigeria adjusts Tariffs to spur investments in tomato production

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The Nigerian government has adopted strategies to spur investments in the local production of tomato paste including raising the tariff on imported purees and reduction of tariff on green house equipment.

The new measures were part of decisions taken at Wednesday’s meeting of the Federal Executive Council, FEC, presided over by the Acting President, Professor Yemi Osinbajo.

Minister of Industries, Trade and Investment, Mr. Okechukwu Enelama, who was among the four ministers that briefed State House Correspondents on the outcome of the meeting said the measures would be a productive one.

He said the tomato sub-sector is one “where lots of farmers, both small business and larger groups, are actually involved in.  It is important to encourage them and so we have approved a set of measures to help them boost the local production as well as attract more investments into the tomato farming.

The measures put in place include the imposition of appropriate tariffs to discourage dumping of tomato in Nigeria; financing to encourage local production; procurement of equipment to improve the tomato production value chain and waiving of tariffs on inputs for production.

“These measures would also include things we are doing to ensure that we farm tomato all round the year; things like green house equipment as well as making sure that they can come in without any barriers and duties,” Enelama said.

He added that issues like quality and standard of what Nigerians consume would also be addressed by the measures.

Minister of Agriculture, Audu Ogbeh told newsmen at the post FEC briefing that Nigerians who want to go into exclusive year round tomato production can now import green house equipment at no cost.

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  1. Pingback: Tomato Production in Nigeria: Step by Step Guide

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