Nigerian Government Suspends Taxes on Key Food Imports Amid Rising Inflation

Nigerian Government Suspends Taxes on Key Food Imports Amid Rising Inflation

The Nigerian government has announced a 150-day suspension of duties, tariffs, and taxes on the importation of maize, husked brown rice, and wheat as part of efforts to tackle rising food inflation in the country.

Abubakar Kyari, Minister of Agriculture and Food Security, shared this initiative while speaking with journalists in Abuja. He explained that the suspension applies to imports through both land and sea borders and is a key component of the Presidential Accelerated and Stabilisation Advancement Plan (ASAP).

“The Federal Government has announced a 150-day Duty-Free Import Window for Food Commodities, suspending 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 stated.

The minister also addressed concerns regarding the quality and genetic composition of the imported foods, assuring that safety standards would be upheld. “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,” he added.

In addition to private sector imports, the government plans to import 250,000 metric tons of wheat and 250,000 metric tons of maize. These semi-processed commodities are intended to support small-scale processors and millers across the country by providing affordable supplies.

This measure is part of the broader efforts by the government to alleviate the economic pressure caused by food inflation, ensuring that essential commodities remain accessible to Nigerians.

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