The current economic state of the country, the administration of President Bola Ahmed Tinubu is currently under pressure to dump the food import waiver that it announced in July 2024.
Multiple sources at the Presidency say the pressure has been coming from the private sector who claimed that opening up the country food import would undermine their investments and worsen the unemployment rate on Nigeria.
Some private sector operators confirmed this, describing the food import waiver policy as a double-edged sword that may bring down the prices of imported commodities but would adversely impact local production.
-9News Nigeria.
