Cross-border traders decry multiple Levies on Lagos-Abidjan corridor

“The levies they listed include road maintenance levy (0.85% Cost Insurance and Freight (CIF), statistics levy (7.28% CIF), corridor security levy (0.50% CIF), Customs bond (0.25% CIF), Customs stamp (4% Stat), tracking (75,000 per truck).” Cross-border traders have continued to groan under the high cost of moving goods through the Lagos-Abidjan corridor, which they say,…

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“With the removal of trade barriers, insurance companies can develop and offer cross-border insurance products, including coverage for businesses operating in multiple African countries, which can enhance the attractiveness of Nigerian insurers to multinational clients. This will also bring about increased investment as it is likely to attract foreign direct investment.” – Commissioner for Insurance, Mr Olusegun Omosehin

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ECOWAS Certificate of Origin Takes New form “E- CO”

The ECOWAS Commission has launched its ECOWAS Electronic Certificate of Origin (E-CO) to facilitate cross – border movement of goods within the sub- region. The event brought together representatives of the African Continental Free Trade Area Secretariat, African Development Bank, GIZ, World Customs Organisation, UEMOA Commission, Regional Economic Communities, TradeMark Africa, ECOWAS member states and members of…

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