Neco Model Questions Vol1 2025 Government Question 15
Practice objective / multiple choice question 15 from the 2025 Neco Model Questions Vol1 Government examination.
Nigeria's total imports in 2024 amounted to \(\$20\) billion, distributed as follows: West Africa 30\%, Europe 25\%, Asia 45\%. The government plans to replace the existing uniform import tariff of (8\%\) with region‑specific tariffs: West Africa 5\%, Europe 10\%, Asia 15\%. Calculate the additional tariff revenue (in billions of dollars) that the new policy would generate compared with the uniform 8 % tariff.
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About This Question
This is Neco Model Questions Vol1 2025 Government Question 15. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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