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See the Names of foods FG Suspend imports Taxes on to Combat Inflation

Published by Tope Fakinlede on July 8th, 2024.

See the Names of foods FG Suspend imports Taxes on to Combat Inflation

The Federal Government of Nigeria has announced the suspension of duties, tariffs, and taxes on the importation of maize, husked brown rice, wheat, and cowpeas. This decision is part of a strategic effort to address the ongoing food inflation crisis in the country.

In a statement issued on Monday, the Minister of Agriculture and Food Security, Abubakar Kyari, outlined that this suspension will be in effect for the next 180 days. The measure aims to reduce the cost of these essential food items, making them more affordable for Nigerians.

Kyari emphasized that the suspension is a temporary but necessary step to stabilize food prices and improve food security across the nation. The government is committed to implementing further measures to ensure the availability and affordability of staple foods for all Nigerians.