The Nigeria Customs Service has suspended import duties and taxes on essential food items.
This was revealed in a video posted on X, by the Customs Comptroller General, Bashir Adewale Adeniyi.
He explained that the suspension is to make food items affordable for Nigerians.
Adeniyi pointed out that the global inflation is affecting nations including Nigeria, and the NCS is committed to implementing the Federal Government’s directive on the suspension of tariffs on essential items.
“Global inflation is impacting nations worldwide, including Nigeria. To address this, the federal government through the Nigeria Customs Service is suspending import duties and taxes on essential food items to make them more affordable.
“We’re committed to implementing this measure seamlessly to address the problem of hunger in our nation. We have streamlined export processes to ensure Nigerian goods reach international markets efficiently,” he added.
He warned that disruptions in the supply chain will affect foreign investments, distort trades, promote instability, increase scarcity and hinder revenue collection.
