In a move aimed at mitigating the effects of rising inflation in Nigeria, the Federal Government, through the Nigeria Customs Service (NCS), has announced the suspension of import duties and taxes on key essential food items.
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Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, revealed this development on Tuesday, emphasizing the government’s commitment to alleviating hunger and making food more affordable for Nigerians.
Adeniyi noted that global inflationary pressures are impacting countries worldwide, including Nigeria.
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To support this initiative, the NCS has introduced reforms to streamline export processes, including advanced ruling systems, authorized economic operators, and a time-release study.
These measures are intended to enhance trade efficiency, stimulate the economy, and create new opportunities for Nigerian farmers, artisans, and entrepreneurs.
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In addition to these economic measures, Adeniyi highlighted the NCS’s intensified efforts to combat the trafficking of arms and dangerous weapons through Nigeria’s borders, land, sea, and airports.
He warned that the disruption of supply chains not only affects foreign investment but also distorts trade, promotes instability, and impedes revenue collection.
Adeniyi urged Nigerians to cooperate and engage constructively to overcome the current challenges and build a more prosperous future.
