Customs to implement duty waiver on key food imports within a week – CG
…Says Nigerian farmers’ interest must be considered
By Seun Ibiyemi
The Comptroller General, Nigeria Customs Service, Bashir Adeniyi, has said the service will begin implementation of the duty waiver on imported foods in a week.
He, however, mentioned that the long-term interests of Nigerian farmers and other stakeholders who are involved in the production of the affected food items must be considered.
Adeniyi made this known on Tuesday in Abuja during a combined news conference by the heads of security agencies and Service Chiefs, convened by the Chief of Defence Staff, Gen. Christopher Musa at the Defence Headquarters.
He said that the guidelines for the implementation were still being worked out at the Ministry of Finance, saying it would begin as soon as the guidelines were ready.
Adeniyi appealed to Nigerians to exercise patience, adding that efforts were ongoing to address the demands of the protesters, especially concerning the food inflation and cost of living.
Recall that President Bola Tinubu had directed the suspension of import duties and taxes on essential foodstuffs to reduce inflation.
“I like to let Nigerians know that there has been a lot that is going on to address these issues that are related to ameliorating this situation.
“This is through a mixture of fiscal policies of the government and a number of strategic interventions from the government.
“The Federal Government’s effort as part of intervention is the distribution of strategic food items which was released from the national grain reserves about a month ago.
“This was released to all states of the federation. We also recall that a number of the food items that are consumed in Nigeria are imported,” the President said.
He added, “Better parts of the components are imported and importations are not done off the shelf, it takes some time before they are done.
“So, one of the things that the president has done is to reduce the cost, to push on the effects of cost inflation by suspending customs duties and taxes on imported food items for a period of time.
“We believe that when this is implemented, it will help to bring down the price of food items in the market.”
