In its effort to achieve food security and economic stability in the country, the Federal Government has suspended duties, tariffs, and taxes on some essential food items imported through land and sea borders.
Abubakar Kyari, Minister of Agriculture and Food Security who announced this at a press briefing held at the National Press Centre, Abuja on Monday, said the move is part of the Presidential Accelerated Stabilization and Advancement Plan aimed at achieving food security and economic stability in the country.
“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,” Kyari said.
The Minister assured Nigerians that the government is committed to achieving food security and ensuring that no citizen goes to bed hungry, as it is working tirelessly to address the food inflation crisis which has seen prices skyrocket to unprecedented levels.
To align with the National Livestock Transformation Plan, Kyari said the federal government has inaugurated the Renewed Hope National Livestock Transformation Implementation Committee to develop and implement policies that prioritize livestock development.
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