The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, has announced the suspension of import duties and taxes on essential food items.
This move aims to make basic necessities more affordable and address the pressing issue of food inflation in Nigeria.
In a public address on Monday evening, Adeniyi acknowledged the economic hardships faced by many Nigerians and outlined the government’s strategy to alleviate the financial strain on its citizens.
He pointed out that global inflation is affecting countries worldwide, including Nigeria. To counter this, the federal government, via the NCS, is eliminating import duties and taxes on crucial food items.
Adeniyi also highlighted that the NCS is improving export processes to ensure the smooth movement of Nigerian goods to international markets. This initiative includes the introduction of advanced ruling systems, authorised economic operators, and a time-release study aimed at boosting trade, stimulating the economy, and creating new opportunities.
He emphasised that these reforms will offer farmers, artisans, and entrepreneurs quicker 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 curb the influx of arms and dangerous weapons through Nigeria’s land, sea, and airports. Adeniyi stressed the importance of collective efforts and peaceful progress to fortify the country’s borders. He cautioned that disruptions in the supply chain impact foreign investment, distort trade, promote instability, increase scarcity, and hinder revenue collection.
Ozioma Samuel-Ugwuezi
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