To tackle rising food prices and provide relief to Nigerians facing inflation, the Federal Government has proposed a temporary zero-duty levy on selected food imports.
Announced by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, this strategic measure aims to boost food availability, lower prices, and offer immediate relief to citizens amid the economic challenges.
The Minister disclosed this shortly after chairing the closed-door session of a pivotal meeting with the Nigeria Customs Service Board in Abuja.
Mr. Edun stated that the measure is designed to alleviate the current food shortage and reduce soaring food prices, which have been a major contributor to inflation across the country.
“We discussed how to collaborate effectively to make food more affordable and accessible in the short term,” the Minister explained.
