FG suspends import duties on essential food items

By Kunle Sanni

The Federal Government, has announced the suspension of import duties on rice, flour, wheat, and other essential food items in an effort to reduce the high costs of food amidst widespread hunger in Nigeria.

This disclosure was made by the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, on Tuesday.

The NCS CG emphasized the government’s commitment to addressing the rising costs of essential food items and alleviating hunger across the nation, adding that the measure aims to make food more affordable for Nigerians and ease the current economic pressures.

Adeniyi stated, “Global inflation is impacting nations worldwide, including Nigeria. To address this, the Federal Government, through the Nigeria Customs Service, is suspending import duties and taxes on essential food items to make them more affordable.”

“We are committed to implementing this measure seamlessly to address the problem of hunger in our nation. We have streamlined export processes to ensure that Nigerian goods reach international markets efficiently. We have introduced tools like the Advanced Ruling System, Authorized Economic Operator, and Time Release Study to enhance trade, stimulate the economy, and create opportunities.”

“Our farmers, artisans, and entrepreneurs will now have a faster path to global markets, benefiting their families and communities. We are also intensifying efforts with other agencies to prevent the proliferation of arms and other dangerous weapons through our land, sea, and airports. We believe in collective effort and peaceful progress to strengthen our borders. Disruptions to the supply chain affect foreign investments, distort trade, promote instability, increase scarcity, and hinder revenue collection.”

“In these challenging times, let us unite in resilience and cooperation. We extend our heartfelt gratitude to those who have embraced the path of peace and dialogue. Your constructive engagement shows a commitment to our nation’s well-being. Your cooperation is invaluable as we work to overcome these challenges and build a brighter future.”