House Of Representatives Propose Special Levy To Reduce Finished Goods Imports

The House of Representatives Committee on Power has proposed a special levy to discourage the importation of finished goods into the country and promote local production.

The committee’s chairman and member representing the Eka North East/Eka South federal constituency of Delta State, Victor Nwokolo, disclosed this during a facility tour of Metering Solutions and Manufacturing Services in Onna Local Government Area of Akwa Ibom State.

The lawmaker, who emphasised the need to boost local production to conserve foreign exchange, lamented that Nigeria had become a dumping ground due to the excessive importation of finished goods.

He commended President Bola Tinubu and the Minister of Power, Adebayo Adelabu, for their efforts in addressing the nation’s power sector challenges.

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