Nigerian port levy ruled illegal
The Port Development Levy in force over the past nine years in Nigeria has been ruled as illegal by a Senate committee.
The $833m collected by the government now must be repaid, since no law exists allowing a 7% levy to be imposed on imported goods.
The original aim of the tax was to enable port infrastructure to be expanded.
However, changes to legislation now make it incumbent upon private operators to fund such development work.
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