in , , ,

FG Announce 150 Days Duty Free (Tax Waiver) For Importation Of Maize, Husked, Brown Rice

Nigerian government has approved a 150-day duty-free importation of maize, husked brown rice and wheat as part of measures to combat rising food inflation in the country.

Speaking with newsmen in Abuja, Abubakar Kyari, Minister of Agriculture and Food Security, said the initiative suspends duties, tariffs, and taxes on these imports through both land and sea borders.

See also  Syndicate Paid To Manipulate The BVAS Have Been Arrested In Abuja-Police

The measure is part of the implementation of the Presidential Accelerated and Stabilization Advancement Plan (ASAP).

While addressing concerns about the quality and genetic composition of the imported foods, the minister assured that the government would uphold safety standards.

The minister 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.

See also  Omehia Not A Former Governor, Cant Be Compelled To Refund Unsolicited Pension Benefits -Court Rules

“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.”

See also  NDLEA Arrest Enugu Big Boy At Lagos Airport For Concealing Drugs Inside Air freshener

 

Leave a Reply

Your email address will not be published.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

GIPHY App Key not set. Please check settings

How Four Big Trees Fell In Popular Edo Market, Killing Four Persons

Nigeria Army Debunks Viral Reports Which Suggests It Ran School of Islamic Affairs, While Ignoring Other Faiths