FG removes import tariff on rice, beans, maize
President Bola Tinubu has approved the duty-free importation of key food items such as rice, beans, and wheat to alleviate the impact of high food prices that Nigerians have faced since he took office last year.
According to a statement from Tinubu’s spokesperson, Bayo Onanuga, these measures will be implemented over the next 180 days.
Mr Onanuga, quoting Agriculture Minister Abba Kyari, said President Tinubu approved a “150-Day Duty-Free Import Window for Food Commodities”, including “Maize, Husked Brown Rice, Wheat and Cowpeas.”
READ ALSO:
Mr Onanuga said not only will the government now allow duty-free import for the private sector for 150 days, the federal government will “import 250,000MT of Wheat and 250,000MT of Maize. The imported food commodities in their semi-processed state will target supplies to the small-scale processors and millers across the country.”
The government also stated that it would launch “The Renewed Hope National Livestock Transformation Implementation Committee” which would be inaugurated on Tuesday, 9th July 2024 with a view to developing and implementing policies that prioritise livestock development and ensure alignment with the National Livestock Transformation Plan.”
NAFDAC Busts Illegal Herbal Factory in Lagos, Arrests Manager Over Fake Registration Number LAGOS —…
NELFUND Warns Schools: Student Loans Are Voluntary, Not Compulsory The Nigerian Education Loan Fund (NELFUND)…
Third Mainland Bridge Crash: 10 Injured as LASEMA Averts Train Collision in Lagos LAGOS —…
Ebola Scare: NSCIA Directs Imams to Intensify Awareness in Friday Sermons The Nigerian Supreme Council…
UNILORIN VC to graduates: Let this investment count ILORIN — The Vice-Chancellor of the…
Jailbreak Saga: Guard Bagged 2.5 Years for Helping 10 Inmates Escape Through Toilet Hole …