The Federal Government has decided to suspend import duties and taxes on essential food items to alleviate hunger in the nation and make basic needs more affordable for Nigerians.
During the public announcement on Monday evening, the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, acknowledged the wide range of economic challenges affecting the country and the government’s commitment to making the financial burdens on Nigerians more manageable.
Adeniyi observed that inflation is affecting countries all over the world, including Nigeria. The Nigerian government is working on solutions to this problem. They are using the Nigeria Customs Service to stop charging import duties and taxes on important food items to make these items cheaper for Nigerians.
This plan involves setting up new systems to help businesses, like advanced ruling systems and authorized economic operators, and a study to speed up the time it takes to release goods. These changes are meant to help trade, boost the economy, and open up new chances for people. They are designed to help farmers, craftsmen, and business owners reach international markets more quickly, which will help their families and communities.
Stopping the charges on important food items is a big step towards fighting hunger and making sure people have enough to eat in Nigeria. The government’s effort to make life easier for its people financially is a good thing, and the changes made by the Nigeria Customs Service are likely to have a positive effect.
