In a bid to tackle the rising issue of food inflation and alleviate economic hardship, the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, has announced the suspension of import duties and taxes on essential food items.
In his public address on Monday evening, Adeniyi acknowledged the economic challenges facing many Nigerians and outlined the government’s strategy to reduce the financial strain on its citizens. Highlighting the global nature of inflation, Adeniyi explained that the federal government, through the NCS, is taking steps to eliminate import duties and taxes on key food items to make them more affordable.
Additionally, Adeniyi noted that the NCS is working on improving export processes to facilitate the smooth movement of Nigerian goods to international markets. This initiative includes the introduction of advanced ruling systems, authorized economic operators, and a time-release study, all aimed at boosting trade, stimulating the economy, and creating new opportunities.
“These reforms will offer farmers, artisans, and entrepreneurs quicker access to global markets, benefiting their families and communities,” Adeniyi stated. “We are committed to implementing this measure seamlessly to address the problem of hunger in our nation.”
The NCS is also intensifying efforts to curb the influx of arms and dangerous weapons through Nigeria’s land, sea, and airports. Adeniyi stressed the importance of collective efforts and peaceful progress to strengthen the country’s borders. He warned that disruptions in the supply chain impact foreign investment, distort trade, promote instability, increase scarcity, and hinder revenue collection.
This comprehensive approach by the NCS aims to alleviate the economic burden on Nigerians, ensure food security, and promote a more stable and prosperous economic environment.