NewsNigeriaPoliticsFG Slashes Import Duties on Food Staples to Combat Inflation
The Nigeria Customs Service, NCS, has begun the implementation of the zero per cent import duty and Value-Added Tax exemption on essential food items, as approved by President Bola Tinubu. According to a letter from the Ministry of Finance, dated 8 August 2024, the approval is aimed at reducing the high cost of food items in the Nigerian market. “This measure which is geared towards ameliorating the high cost of food items in the Nigerian...









