President Tinubu Allows Importation of Rice, Wheats
As a way of curbing inflation and provide more foods for the citizens of the country, President Bola Tinubu has ordered a removal of the tarrif on the importation of some food items including rice and wheats.
Millions of Nigerians are struggling to eat once per day because costs of foodstuffs including spices like tomatoes have gone exceedingly high. The hardship is so strong that protests are being planned just like it happened in Kenya.
Rising to the occasion, the president Tinubu ordered immediate importation of foods such as rice, cowpeas, wheats.
The minister of agriculture, Abubakar Kyari revealed the decision of the government on Monday. He said that for 150 days, all importation would be duty-free. The importation would be on land and sea borders.
“A 150-Day Duty-Free Import Window for food commodities which includes; suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders”, President Tinubu ordered.
“In addition to the importation by private sector, Federal Government will import 250,000MT of Wheat and 250,000MT of Maize.”
“The imported food commodities in their semi processed state will target supplies to the small-scale processors and millers across the country.”
The Federal Government also said that “it would engage relevant stakeholders to set a Guaranteed Minimum Price (GMP) and mop up surplus assorted food commodities to restock the National Strategic Food Reserve.”
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