By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG Suspends Duties, Tariffs, and Taxes on Essential Food Items to Address Food Inflation
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG Suspends Duties, Tariffs, and Taxes on Essential Food Items to Address Food Inflation

Business

FG Suspends Duties, Tariffs, and Taxes on Essential Food Items to Address Food Inflation

Olaitan Sodiq
Olaitan Sodiq
Published: June 14, 2025
Last updated: June 14, 2025
2 Min Read
Share
FG Suspends Duties, Tariffs, and Taxes on Essential Food Items to Address Food Inflation | Daily Report Nigeria
SHARE

 

The Federal Government has announced the suspension of duties, tariffs, and taxes on essential food items imported through land and sea borders, in a bid to address the food inflation crisis in the country.

 

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The Minister of Agriculture and Food Security, Abubakar Kyari, made this known during a press briefing at the National Press Centre, Abuja on Monday.

According to Kyari, the listed food items, which include maize, wheat, husked brown rice, and cowpeas, will enjoy a 150-day Duty-Free Import Window.

He stated that the move is part of the Presidential Accelerated Stabilization and Advancement Plan, aimed at achieving food security and economic stability in the country.

“The Federal Government has announced a 150-day Duty-Free Import Window for Food Commodities, suspension of duties, tariffs and taxes for the importation of certain food commodities (through land and sea borders). These commodities include maize, husked brown rice, wheat and cowpeas,” Kyari said.

He added that the imported food commodities will be subjected to a Recommended Retail Price (RRP), to ensure that the prices are not compromised. “I am glad to reiterate that the Government’s position exemplifies standards that would not compromise the safety of the various food items for consumption,” Kyari assured.

READ ALSO: FG Allocates N628b to Wrong Agencies in 2024 Budget -; Tracka

The minister also announced that the Federal Government will import 250,000MT of wheat and 250,000MT of maize, which will target supplies to small-scale processors and millers across the country.

In addition, Kyari inaugurated the Renewed Hope National Livestock Transformation Implementation Committee, to develop and implement policies that prioritize livestock development and align with the National Livestock Transformation Plan.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

President Trump Slams Nigeria with 10% Tariff Over BRICS Alignment | Daily Report Nigeria
President Trump Slams Nigeria with 10% Tariff Over BRICS Alignment
News
NiMet Warns of Flash Floods in Lagos, Sokoto, Benue, Others | Daily Report Nigeria
NiMet Warns of Flash Floods in Lagos, Sokoto, Benue, Others
News
Osimhen Finally Commits to Galatasaray in Permanent Deal After Long Wait | Daily Report Nigeria
Osimhen Finally Commits to Galatasaray in Permanent Deal After Long Wait
Sports
Tantita’s Detractors Responsible For Oil Theft, Insecurity in Niger Delta - Igere
Tantita’s Detractors Responsible For Oil Theft, Insecurity in Niger Delta – Igere
News
Lekan Balogun Lekan Balogun Emerges New Olubadan of Ibadan
13 Things to Know About Late Olubadan of Ibadanland, Oba Owolabi Olakulehin
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

FG Summons Dangote, Bua, Others Over Rising Price of Cement
Business

Reps Issue 14-day Ultimatum to Dangote, Bua, Others

June 2, 2025
Chevron Announces Discovery of New Oil Field in Nigeria | Daily Report Nigeria
Business

Chevron Announces Discovery of New Oil Field in Nigeria

June 1, 2025
BREAKING: National Grid Collapses First Time In 2025 | Daily Report Nigeria
Business

BREAKING: National Grid Collapses First Time In 2025

June 3, 2025
Naira to Dollar Rate Today | Daily Report Nigeria
Business

Nigeria’s Foreign Investment Landscape: 26 States Attract Zero Capital in One Year (See List)

June 1, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?