The Senate on Wednesday adopted a motion to review the import duty on the importation of soap noodles to save the industry and the Nigerian economy.
This followed a motion by Barau Jibrin and four others, who drew the attention of their colleagues to recent downward review of the import duty from 35 per cent to 10 per cent.
The senator recalled that the Federal Government, in order to boost the local production of soap noodles increased its import duty.
Barau said the increase made it unprofitable for the manufacturers of soaps to import soap noodles from overseas.
This, he said made the manufacturers to resort to making huge investment in setting up manufacturing lines to produce soap noodles in Nigeria to the tune of about N450 billion .
He said the measure also resulted in the creation of 250,000 jobs in the country.
