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VAT ON PHARMACEUTICAL RAW MATERIALS

Economy

Tinubu signs Executive Order removing tariffs, VAT on pharma imports

President Bola Ahmed Tinubu has signed an Executive Order to introduce zero tariffs, excise duties, and VAT on specialised machinery, equipment and pharmaceutical raw materials to bolster local production of essential healthcare products.

Chioma Chukwunedu · Jun 29, 2024 3 min