In a decisive move to alleviate the hunger crisis gripping the nation, the Comptroller General of Customs, Bashir Adeniyi, has announced that the federal government will suspend taxes and import duties on essential food items. This bold policy aims to ease the financial burden on citizens and ensure access to affordable food.
Recognizing the widespread hunger affecting millions, Adeniyi emphasized the government’s commitment to mitigating the crisis by removing financial barriers that inflate food prices. “The government is fully aware of the hardship faced by Nigerians and is determined to provide relief,” Adeniyi stated during the announcement.
In addition to suspending import duties, the government is also streamlining export processes to boost the movement of Nigerian goods to the international market. This initiative is part of a broader strategy to enhance the nation’s economic stability and promote local industries.
The import waivers, which cover staple foods such as rice, beans, and wheat, are expected to significantly reduce the cost of these items in the market. By removing these duties, the government hopes to crash the soaring prices of food items and make them more accessible to the average Nigerian.
Despite these efforts, the impact of previous government policies on food prices has been limited. Food inflation continues to rise, reaching a staggering 40.87% as of the time of this report. However, the government remains optimistic that the suspension of import duties will provide the much-needed relief and stabilize food prices in the long run.
This latest measure underscores the government’s urgent response to the food crisis and its commitment to ensuring that no Nigerian goes hungry. As the nation watches closely, the effectiveness of these initiatives will be crucial in addressing the immediate needs of the populace and fostering a more resilient economy.
PIONEER NEWS 