#Latest news with #importbansBloomberg12-05-2025BusinessBloombergWorld Bank Sees Nigeria's Revenues Surging If Import Bans LiftedLifting Nigeria's high tariffs and import bans could significantly increase tax revenue for Africa's most populous country, the World Bank said. The customs service could see revenue rise by 66% if they were scrapped, the Washington-based lender said in a biannual development report on the nation Monday. Such a move would also lower poverty rates by an estimated 2.6 percentage points, it said.
Bloomberg12-05-2025BusinessBloombergWorld Bank Sees Nigeria's Revenues Surging If Import Bans LiftedLifting Nigeria's high tariffs and import bans could significantly increase tax revenue for Africa's most populous country, the World Bank said. The customs service could see revenue rise by 66% if they were scrapped, the Washington-based lender said in a biannual development report on the nation Monday. Such a move would also lower poverty rates by an estimated 2.6 percentage points, it said.
12-05-2025
