NIGERIA – The government of Nigeria is predicted to get a chance to increase their economy about US$ 20 millions per year after the country agreed to make adjustable tax about 25% from the palm oil imports.
Head of Sales and Marketing of the Ghana Oil Palm Development Company Limited (GOPDC), GangadharShettysaid, the income will be done out of the citation 10% from the Common External Tariff (CET) on the crude palm oil (CPO) import.
As quoted from B & FT, this is done to protect palm oil industries. Having the tax, Shetty continued, the palm oil plantation enlargement should not be blocked.(T3)
