The Nigeria Customs Service has suspended import duties and taxes on essential food items.
According to the Customs Comptroller General, Bashir Adewale Adeniyi, the suspension is to make food items affordable for Nigerians.
Adeniyi in a post on X on Tuesday acknowledged that the global inflation is affecting nations including Nigeria, saying 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.”
The Customs chief warned that disruptions in the supply chain will affect foreign investments, distort trades, promote instability, increase scarcity and hinder revenue collection.
