The Federal Government of Nigeria has recently announced the suspension of import duties and taxes on essential food items. This decision is aimed at addressing the rising cost of food and mitigating the impact of hunger on the population.
Key Points
- Purpose: To alleviate the burden of food inflation on Nigerians.
- Items Affected: Essential food items such as maize, husked brown rice, wheat, and cowpeas.
- Duration: The suspension is initially set for a 150-day period.
- Additional Measures: The government is also collaborating with states to expand land cultivation and has introduced a Recommended Retail Price (RRP) for imported food commodities.
This move is a significant step towards ensuring food affordability and availability in Nigeria.
Would you like to know more about the potential impact of this decision or other measures being taken to address food security in Nigeria?
