Energy Crisis in Nigeria

The Nigerian Customs Services (NCS) has moved tariffs of importing solar panels from 5% to 10%. This took effect in February, 2018. With claims of the increase being a means to generate revenue.

Unfortunately the tariffs came in at a time where stakeholders in the renewable energy industry hoped for the existing 5% to be reduced to 0.

These happenings have forced many traders to go the corrupt way. They bribe some insiders at the Nigerian Custom Service. So that they’re able to clear huge number of orders at an absolutely reasonable fee. This is to help them sell their products at affordable prices for their customers.

However, this becomes a disadvantage to other traders who import their goods genuinely and expect to receive the profits for the losses. By increasing the prices of the solar panels to meet their cost.