The Federal Government stops taxing maize, wheat, rice, and other staples imported through land and sea borders.

The FG stops taxing maize, wheat, rice, and other staples.
The FG stops taxing maize, wheat, rice, and other staples.

The Minister of Agriculture and Food Security, Abubakar Kyari, announced this during a press briefing at the National Press Centre in Abuja on Monday.

Kyari announced that maize, wheat, husked brown rice, and cowpeas will have a 150-day duty-free import period.

He added that this decision is part of the Presidential Accelerated Stabilization and Advancement Plan. This plan aims to achieve food security and economic stability in the country.

Government Actions Addressing Food Security and Inflation

The minister stated that the government has been working hard to address the food inflation crisis. Which has caused prices to skyrocket to unprecedented levels.

Kyari assured Nigerians that the government is committed to achieving food security. And ensuring that no one goes to bed hungry.

He said, “The Federal Government has announced a 150-day duty-free import window for food commodities. This includes suspending duties, tariffs, and taxes for importing certain foods through land and sea borders, such as maize, husked brown rice, wheat, and cowpeas.”

“Under this arrangement, imported food commodities will have a recommended retail price (RRP).”

“I am glad to emphasize that the government’s stance upholds standards that ensure the safety of various food items for consumption.”

“In addition to private sector imports, the Federal Government will import 250,000 MT of wheat and 250,000 MT of maize. These semi-processed food commodities will supply small-scale processors and millers nationwide.”

Government Initiatives for Livestock Development and Food Supply

Kyari also said the federal government has launched the Renewed Hope National Livestock Transformation Implementation Committee. To create and carry out policies that focus on livestock development and align with the National Livestock Transformation Plan.

“Under this plan, imported food commodities will have a recommended retail price (RRP).”

“I am pleased to emphasize that the government’s stance ensures the safety of various food items for consumption.”

“In addition to private sector imports, the Federal Government will bring in 250,000 MT of wheat and 250,000 MT of maize. These semi-processed food commodities will be supplied to small-scale processors and millers across the country.”

Kyari also said the federal government has launched the Renewed Hope National Livestock Transformation Implementation Committee. To create and enforce policies that focus on livestock development and align with the National Livestock Transformation Plan.

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