Nigeria wine boom could be stifled by tax, red tape (Nigeria)

Nigeria wine boom could be stifled by tax, red tape (Nigeria)

Nigeria’s wine market is burgeoning, but crippling import duties and complex bureaucracy could dampen the boom before it gets started, wine professionals say. Wine sales in the country stand at US$300m annually and should hit $370m by 2015, according to figures released by market research group Aranca at a Wines of South Africa (WoSA) seminar late last week. But, there is concern that high import charges could stifle the country’s potential, reports Decanter.

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