The Federal Government has announced the suspension of duties, tariffs, and taxes on specific essential food items imported through land and sea borders.
This announcement was made by the Minister of Agriculture and Food Security, Abubakar Kyari, during a press briefing at the National Press Centre in Abuja on Monday.
Kyari revealed that the exempted food items, which include 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 achieving food security and economic stability in Nigeria.
Addressing the ongoing food inflation crisis, Kyari assured Nigerians of the government’s commitment to ensuring food security and preventing hunger.
He stated, “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.”
Kyari emphasized that imported food commodities will be subject to a Recommended Retail Price (RRP) to maintain safety standards.
He also mentioned that the government plans to import 250,000 metric tons each of wheat and maize to support small-scale processors and millers across the country.
Additionally, Kyari announced the inauguration of the Renewed Hope National Livestock Transformation Implementation Committee, which will develop and implement policies prioritizing livestock development in alignment with the National Livestock Transformation Plan.