🟢 Action targetted at addressing food inflation across the states of Nigeria.
In our news today, the Federal Government of Nigeria has officially suspended import duties and taxes on essential food items to address food inflation bedevilling the country for quite some time ago.
Our correspondent reports that the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi has announced the suspension of import duties and taxes on essential food items to make basic necessities more affordable for Nigerians and address the prevalent food inflation in the nation.
He acknowledged that global inflation is impacting nations worldwide, including Nigeria, noting that to address this, the federal government, through the Nigeria Customs Service, is suspending import duties and taxes on essential food items to make them more affordable.
Adeniyi also stated that the NCS has streamlined export processes to facilitate the efficient movement of Nigerian goods to international markets.
He said this initiative includes the introduction of advanced ruling systems, authorised economic operators, and a time-release study designed to enhance trade, stimulate the economy, and create new opportunities.
He further emphasised that these reforms will provide farmers, artisans, and entrepreneurs with a faster path to global markets, thereby benefiting their families and communities.
In his words, “We are committed to implementing this measure seamlessly to address the problem of hunger in our nation,” he added.
“In addition to economic measures, the NCS is intensifying its efforts to combat the proliferation of arms and dangerous weapons through Nigeria’s land, sea, and airports.
The custom boss highlighted the importance of collective efforts and peaceful progress to strengthen the country’s borders to make Nigerians proud.
While warning that the destruction of the supply chain affects foreign investment, distorts trade, promotes instability, increases scarcity, and hinders revenue collection, Adeniyi noted on Monday evening the widespread economic challenges and outlined the government’s commitment to easing the financial burden on its citizens.
Nigerians are applauding this wonderful moves established by the Federal government of Nigeria to improving the supply of food to the country and movement of Nigerian goods to international markets as 9News Nigeria reports.
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