Implementation of import duty waiver on rice and other goods begin next week – FG

The Federal Government announced on Tuesday that the suspension of customs duties and taxes on imported food items will begin next week.

In July, a 150-day duty-free period was approved for maize, husked brown rice, and wheat to address rising food inflation.

Customs Comptroller-General Bashir Adeniyi explained that the delay in implementing the policy was to consider all stakeholders’ interests, including farmers. He urged patience as the guidelines are finalized and promised that some imported items already in the country would be cleared without duties or taxes.

Adeniyi expressed optimism that the policy would help lower food prices.

He said the service is committed to implementing the policy as directed by the government and believes it will reduce food prices.

“We aim to balance the interests of all stakeholders, including local farmers, whose crops will also benefit from these duty waivers,” Adeniyi stated.

He noted that ongoing protests are focused on ending hunger and assured Nigerians that efforts are being made through fiscal policies and strategic interventions, including the release of food items from national reserves.

Adeniyi added that the President’s suspension of customs duties and taxes on imported food is intended to mitigate inflation effects.