New Tax Policy, Removal of Import Duty On Drugs Good For Economy – LCCI

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Naijanews July 9, 2024 5:55 a.m.

New Tax Policy, Removal of Import Duty On Drugs Good For Economy – LCCI

Director General of LCCI, Dr.

Chinyere Almona, said the two policies would help in the growth of the economy and address challenges in the two sectors affected by heavy taxation and high cost of pharmaceutical products.

She said with thenew tax policyand Executive Order on removal ofimport duty on drugs raw materialssigned by President Tinubu on June 28, the two sectors would experience economic and Gross Domestic Product (GDP) growth..

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