In an effort to alleviate the effects of rising inflation in Nigeria, the Federal Government has suspended import duties and taxes on certain items to make them more affordable for citizens.
This announcement was made on Tuesday by Mr. Adewale Adeniyi, Comptroller General of the Nigeria Customs Service (NCS).
Adeniyi highlighted the government’s commitment to addressing the inflationary pressures in a seamless manner, with the goal of reducing hunger across the country.
He noted that global inflation is impacting nations worldwide, including Nigeria, and emphasized that the NCS has streamlined export processes to facilitate the efficient movement of Nigerian goods to international markets.
The initiative includes the introduction of advanced ruling systems, authorized economic operators, and a time-release study aimed at enhancing trade, stimulating the economy, and creating new opportunities.
According to Adeniyi, these reforms are designed to provide farmers, artisans, and entrepreneurs with faster access to global markets, benefiting their families and communities.
“We are committed to implementing this measure seamlessly to address the problem of hunger in our nation,” Adeniyi stated.
In addition to economic measures, the NCS is intensifying efforts to combat the proliferation of arms and dangerous weapons through Nigeria’s land, sea, and airports.
Adeniyi warned that disruptions in the supply chain can negatively affect foreign investment, distort trade, promote instability, increase scarcity, and hinder revenue collections.
“In these challenging times, let us unite in resilience and cooperation. We extend our heartfelt gratitude to those who have embraced the path of peace and dialogue,” he said, calling for constructive engagement and cooperation from all Nigerians to overcome current challenges and build a brighter future.