It is feared that Nigeria is at the mercy of Western and Asian countries, as ‘unreliable’ sources of her essential drug needs. Some unconfirmed reports indicate that only 30 per cent of drugs used in Nigeria are produced locally and the country… Read More
Tag: import
India raises base import price of palm oil, gold
The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. Read More
How to cut import dependence on China
INDIA faces a dilemma in its trade with China. For security reasons and the need to become self-sufficient, India needs to cut down imports from China. But the two-way trade has continued to grow vigorously. With it has burgeoned the trade balance in favour of China amid border tensions in recent ye Read More