The Federal Government in conjunction with the Nigeria Customs Service (NCS) has suspended import duties and taxes on essential food items to address the prevalent food inflation.
The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, announced the suspension of import duties and taxes on essential food items to make basic necessities more affordable for Nigerians.
In a public address, Adeniyi acknowledged the widespread economic challenges and outlined the government’s commitment to easing the financial burden on its citizens.
He acknowledged that global inflation is impacting nations worldwide, including Nigeria, noting that to address this, the federal government, through the Nigeria Customs Service, is suspending import duties and taxes on essential food items to make them more affordable.
Export processes
Adeniyi also stated that the NCS has streamlined export processes to facilitate the efficient movement of Nigerian goods to international markets.
He said this initiative includes the introduction of advanced ruling systems, authorised economic operators, and a time-release study designed to enhance trade, stimulate the economy, and create new opportunities.
Adeniyi emphasised that these reforms will provide farmers, artisans, and entrepreneurs with a faster path to global markets, thereby benefiting their families and communities.
“We are committed to implementing this measure seamlessly to address the problem of hunger in our nation,” he added.
Collective effort
He said in addition to economic measures, the NCS is intensifying its efforts to combat the proliferation of arms and dangerous weapons through Nigeria’s land, sea, and airports.
Adeniyi stressed the importance of collective efforts and peaceful progress to strengthen the country’s borders.
He warned that the destruction of the supply chain affects foreign investment, distorts trade, promotes instability, increases scarcity, and hinders revenue collection. (VON)
We are committed to implementing this measure seamlessly to address the problem of hunger in our nation.
