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Breaking: FG Suspends Taxes on Maize, Wheat, Rice, Other Staples

The Federal Government has announced a significant measure to ease the burden of food inflation by suspending duties, tariffs, and taxes on essential food items imported through land and sea borders.

This decision was communicated by the Minister of Agriculture and Food Security, Abubakar Kyari, during a press briefing held at the National Press Centre in Abuja on Monday.

Kyari disclosed that several critical food items, including maize, wheat, husked brown rice, and cowpeas, will benefit from a 150-day Duty-Free Import Window. This initiative is part of the Presidential Accelerated Stabilization and Advancement Plan aimed at enhancing food security and economic stability across the country.

The minister highlighted the government’s proactive steps to tackle the food inflation crisis, which has led to soaring prices impacting consumers nationwide. He reassured Nigerians of the government’s commitment to achieving food security and ensuring that every citizen has access to affordable food.

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.”

Kayir also 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.

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Written by Akinlabi Emmanuel

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