Presidency dithers on tax suspension on specific food imports

By Motunrayo Ajala

The Nigerian government says it is yet to take a final decision on tax suspension for specific food imports. TheCable reported Bayo Onanuga, special adviser on information and strategy, had told the newspaper that the decision was not yet official.

TheCornet reports that on Monday, July 8, Abubakar Kyari, minister of agriculture and food security, had announced that the Federal Government had suspended duties, tariffs and taxes being paid on imported maize, husked brown rice, wheat and cowpeas — through land and sea borders.

The suspension would last 150 days, the minister had said.

According to him, the measure is part of the ‘Accelerated Stabilisation and Advancement Plan’ of the government.

The policy, he explained, aimed at ameliorating food inflation in Nigeria over a period of 180 days. Kyari blamed the multiple taxes and levies, infrastructural challenges and “sheer profiteering by marketers and traders” for rising food prices in the country.


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