Import Taxes Nigeria established a new tariff structure on March 1, 1995. Under the new structure, import taxes ranging from 5-60 percent are levied on imported goods. This new tariff structure is to be reviewed after seven years. Duties are either specific or ad valorem, depending on the commodity, and are payable in Naira upon entry.
Import tariff is non-preferential and applies equally to all countries.
In addition, all imported goods must be insured by a local insurance company. A special duty may be imposed on imported goods if the government feels that such goods are being dumped or unfairly subsidized, thus threatening established or potential domestic industries. Duties previously paid on abandoned, reexported, damaged, or destroyed goods may be refunded. However a claim must be made before the goods leave customs custody. A destruction certificate must be obtained from a customs officer to obtain a refund of duties paid for goods that were subsequently destroyed.