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Customs Launches Guidelines On Importation Of Renewable Energy Technologies

by Leadership News
2 months ago
in Business
customs
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The Nigeria Customs Service (NCS) has launched a handbook for importers and businesses on navigating the complexities of importing renewable energy technologies into the country.

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LEADERSHIP reports that the key features of the handbook include Customs regulations, tariff classifications for renewable energy equipment, compliance standards, documentation requirements, and step-by-step import procedures.

The handbook will also help stakeholders navigate the complexities of importing renewable energy equipment, addressing misunderstandings in tariff classifications and import procedures.

However, speaking at the opening ceremony of the 2-day Stakeholders Consultative Forum titled, “Trade Facilitation for Renewable Energy and Energy Efficiency Technologies”, the Comptroller General of Customs Bashir Adewale Adeniyi noted that the move was in line with President Bola Ahmed Tinubu’s administration in championing policies that foster investment, ensure sustainability, and promote responsible industrial practices, as outlined in Nigeria’s Energy Transition Plan (ETP).

Adeniyi who was represented by the deputy comptroller-general of Tariff and Trade, DCG Caroline Niagwan, Adeniyi acknowledged that navigating the complexities of importing these technologies poses a challenge to businesses and policymakers, hence the launching of the handbook.

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According to the Customs boss, in the handbook, there are documentation requirements as well as step-by-step import procedures.

“This handbook is simply designed to simplify the process as well as help stakeholders have a smoother trade that would help us to transition quickly to the adoption of cleaner energy in the future.

“There are several features in this handbook, key among them are; customs regulations and tariff classification for renewable energy equipments. We also have compliance standards, both local and international. In this handbook, we have documentation requirements as well as step-by-step import procedures”

The forum was also used to mark the first anniversary celebration of the Advance Ruling Programme of the Nigeria Customs Service which was launched on May 1st 2024.

According to CGC Adeniyi, the Advance Ruling System provides binding pre-arrival decisions on classification and valuation. By shifting decision-making to the pre-arrival stage, the system, according to him, ensures greater predictability and reduces disputes and clearance delays.

“In alignment with this year’s theme, the NCS proudly supports the WCO Green Customs Initiative, which aims to facilitate the trade of environmentally sustainable goods.

The Green Customs Initiative responds to the growing number of legally binding Multilateral Environmental Agreements (MEAs) and recognizes the critical role customs play in enforcing them.

“Scientific evidence confirms that human activity, especially the burning of fossil fuels has led to increasing atmospheric concentrations of greenhouse gases such as carbon dioxide, methane, and CFCs. These emissions contribute significantly to global warming and environmental degradation.

“A key pillar of the Paris Agreement is the promotion of a sustainable, low-carbon future, driven by investment in renewable energy and energy-efficient technologies.

As a signatory to the Paris Agreement, Nigeria is committed to transitioning towards cleaner and more efficient energy systems.

“The NCS plays a pivotal role in supporting these national goals by facilitating the importation of renewable energy technologies and enforcing fiscal measures that promote a shift away from fossil fuel dependency, to achieve net-zero emissions by 2060.

“As we commemorate the first anniversary of the Advance Ruling Programme, which has provided greater transparency and predictability in trade, I reaffirm the unwavering commitment of the Nigeria Customs Service, together with our global partners to ensuring efficient, secure, and sustainable trade operations,” he said

The forum was attended by stakeholders in the renewable energy business, including GiZ, the European Union, the German Embassy, and the Kingdom of the Netherlands, among others, all declaring support for Nigeria’s commitment to diverting attention from fossil fuel dependency


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