FG suspends import duties and taxes on essential food items

The federal government has suspended import duties and taxes on certain items to make them more affordable in a bid to tackle food inflation in the country.

The Comptroller General of the Nigeria Customs Service (NCS), Mr. Bashir Adewale Adeniyi, who disclosed this on Tuesday, said the Federal Government was committed to addressing the situation smoothly to alleviate hunger in the country.

He noted that global inflation is affecting countries across the world including Nigeria. Mr. Adeniyi stressed that the NCS has streamlined export processes to facilitate the efficient movement of Nigerian goods to international markets.

According to him, this initiative includes the introduction of advanced regulatory systems, authorized economic operators and a study on the release of time, which is designed to improve trade, stimulate the economy and create new opportunities.

Mr Adeniyi further explained that the reforms will provide farmers, artisans and entrepreneurs with a faster route to the global market, benefiting their families and communities.

The Comptroller General of Customs added: “We are determined to implement this measure seamlessly to address the hunger problem in our country.”

In addition to the economic measures being taken, Mr Adeniyi said the NCS is intensifying efforts to combat the proliferation of arms and dangerous weapons through Nigeria’s land, sea and airports.

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Mr Adeniyi warned that supply chain disruptions impact foreign investment, disrupt trade, fuel instability, increase scarcity and hamper revenue collection.

“In these challenging times, let us unite in resilience and cooperation. We express our heartfelt gratitude to those who have embraced the path of peace and dialogue,” he added, urging constructive engagement and cooperation from all Nigerians to overcome the current challenges and build a better future.

Mr Adeniyi acknowledged the widespread economic challenges and stressed that government was committed to easing the financial burden on its citizens.

He stressed the importance of joint efforts and peaceful progress to strengthen the country’s borders.