Nigeria Customs Service Board Announces Zero-Duty Levy on Food Imports

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The Nigeria Customs Service Board convened a crucial meeting on Tuesday, chaired by Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. Following a closed-door session, Edun addressed the press to announce a significant policy decision aimed at addressing the current food crisis in the country.

The decision involves the temporary implementation of a zero-duty levy on selected food imports. This measure is designed to alleviate the severe food shortages and the soaring food prices that have significantly contributed to inflation. “We discussed how to collaborate effectively to make food more affordable and accessible in the short term,” Edun stated.

He emphasized that while this initiative offers immediate relief, President Tinubu remains focused on long-term solutions. The government is particularly committed to boosting domestic food production to ensure long-term food security. Edun highlighted ongoing efforts to increase the availability of essential farming inputs, such as fertilizer and seeds, particularly for small-scale farmers. These efforts are expected to enhance local food production and contribute to overall food security.

Additionally, Edun commended the Nigeria Customs Service Board for its regular reviews of the Service’s financial performance and operational activities. He praised the Comptroller General and the Service’s leadership for their adherence to the core values of Transparency, Integrity, and Merit, which are crucial for effective governance and efficient operation.

In conclusion, Edun reaffirmed President Tinubu’s administration’s commitment to addressing both immediate and long-term food security challenges. The administration will continue to collaborate with the Nigeria Customs Service and other stakeholders to ensure the smooth implementation of key policies.

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