The Federal Government has announced the suspension of duties, tariffs, and taxes on several essential food items imported through land and sea borders. This measure aims to ensure food security and economic stability in Nigeria.
Abubakar Kyari, Minister of Agriculture and Food Security, made the announcement at the National Press Centre in Abuja. He highlighted that the suspension would apply to maize, wheat, husked brown rice, and cowpeas, offering a 150-day Duty-Free Import Window for these commodities.
Kyari explained that this initiative is part of the Presidential Accelerated Stabilization and Advancement Plan. “The Federal Government has announced a 150-day Duty-Free Import Window for Food Commodities, suspending duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders,” he stated. “These commodities include maize, husked brown rice, wheat, and cowpeas.
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In addition to the tax suspension, the Federal Government has inaugurated the Renewed Hope National Livestock Transformation Implementation Committee. This committee will develop and implement policies that prioritize livestock development and align with the National Livestock Transformation Plan.
Kyari assured that the government’s decision aims to maintain high safety standards for the imported food items. “Under this arrangement, imported food commodities will be subjected to a Recommended Retail Price (RRP). The government’s position exemplifies standards that would not compromise the safety of the various food items for consumption.
The Federal Government plans to import 250,000 metric tonnes each of wheat and maize. These semi-processed food commodities will be directed to small-scale processors and millers across the country.
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