The Federal Government has announced that the guidelines for suspending customs duty and taxes on imported food items will take effect next week.
Gatekeepers News reports that this move is part of measures to combat rising food inflation across the country.
In July, the government approved a 150-day duty-free window for the importation of maize, husked brown rice, and wheat.
According to the Comptroller-General of Customs, Bashir Adeniyi, the implementation of the policy was delayed to ensure that the interests of all stakeholders, including farmers, were considered.
He urged Nigerians to be patient, assuring that some imported items already in the country would be cleared without duty and taxes.
Adeniyi expressed hope that the suspension of duty and taxes on imported food items would help reduce food prices. He noted that the service is committed to implementing the policy as outlined by the government.
The government’s move is part of the Presidential Accelerated and Stabilisation Advancement Plan to address food inflation and hunger in the country.
The Customs boss emphasised that the government has been making efforts to eradicate hunger through a mixture of fiscal policies and strategic interventions.
