Nigerian Government Suspends Duties, Tariffs, and Taxes on Imported maize, wheat, rice, other staples

Date:

The Minister of Agriculture and Food Security, Abubakar Kyari, announced the suspension of duties, tariffs, and taxes on critical food items imported through land and sea borders during a press briefing at the National Press Centre, Abuja.

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Kyari revealed that maize, wheat, husked brown rice, and cowpeas are among the listed food items that will benefit from a 150-day Duty-Free Import Window. This initiative is part of the Presidential Accelerated Stabilization and Advancement Plan aimed at achieving food security and economic stability.

Addressing concerns over food inflation, Kyari assured Nigerians of the government’s dedication to addressing the crisis and ensuring food security nationwide. He emphasized that imported commodities will adhere to Recommended Retail Prices (RRP) to maintain consumer safety standards.

Furthermore, the Minister announced the government’s plan to import 250,000MT each of wheat and maize, focusing on supplying semi-processed food items to small-scale processors and millers across Nigeria. Additionally, he highlighted the inauguration of the Renewed Hope National Livestock Transformation Implementation Committee to enhance livestock development aligned with the National Livestock Transformation Plan.

Godwin Okafor, The Naija247news
Godwin Okafor, The Naija247newshttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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