Finance

Senate Decries Abuse Of FG’s Fiscal Policies By Companies / Can you touch the big players in all sectors? /BA

The Senate Committee on Customs, Excise and Tariffs, on Tuesday decried what it described as “gross abuse of government’s fiscal policies” by some companies involved in importation.

Chairman of the committee, Sen. Hope Uzodinma, made the assertion while leading members of the committee on an oversight visit to Nigeria Customs Service, Zone A, Yaba, Lagos.

The zone comprised 15 commands.
Uzodinma said that one of the policies abused by the companies was Automotive Industry Incentive for Importation of Completely Knocked Down (CKDs) and Semi-Knocked Down (SKDs) parts.

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