FG moves to reduce food prices, suspends taxes on rice, maize, wheat, other staples

By Nudoiba Ojen

The Federal Government has announced the suspension of duties, tariffs and taxes on some essential food items imported through land and sea borders.

The Minister of Agriculture and Food Security, Abubakar Kyari, made the disclosure in Abuja on Monday during a press briefing at the National Press Centre.

He said, “The Federal Government has announced a 150-day Duty-Free Import Window for Food Commodities, suspension of duties, tariffs and taxes for the importation of certain food commodities (through land and sea borders). These commodities include maize, husked brown rice, wheat and cowpeas.

“Under this arrangement, imported food commodities will be subjected to a Recommended Retail Price (RRP).

“I am glad to reiterate that the Government’s position exemplifies standards that would not compromise the safety of the various food items for consumption.

“In addition to the importation by the private sector, 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”.

He said that the move is part of the Presidential Accelerated Stabilization and Advancement Plan, which is aimed at achieving food security and economic stability in the country.

Kyari assured Nigerians that the government is committed to achieving food security and ensuring that no citizen goes to bed hungry.

The minister said the Federal Government has also inaugurated the Renewed Hope National Livestock Transformation Implementation Committee to develop and implement policies that prioritize livestock development and align with the National Livestock Transformation Plan.

Leave a Reply

Your email address will not be published. Required fields are marked *