Import duty: FG may ground 60 private jets today

Oct. 14, 2024 - Punch Newspapers

The latest decision to ground the private jets is coming almost three months after the NCS verification exercise. According to the documents, the majority of the affected planes are foreign-registered private jets owned by Nigerians.

The CGC explained that the service introduced the private jet verification exercise because more private jets were operating outside the ambits of the law. The TIP has been described by some stakeholders as a fraudulent means of evading the mandatory import duty.

Importers of private jets, especially foreign registered private jets, are expected to pay five per cent of the value of the private jet as import duty...