Rising inflation : FG, Customs to suspend import duties on essential food items

Rising inflation : FG, Customs to suspend import duties on essential food items
…As CGC Adeniyi streamlines export processes for Nigerian goods to reach international markets efficiently

Following rising inflation and hardship in the country, the Federal Government has concluded plans to suspend import duties and all taxes on essential food items, in order to tackle the hunger crisis in the land.

Our Reporter gathered that the government is going to take this proactive step through the Nigeria Customs Service.

In a documentary sighted by our Reporter, the Comptroller General of Customs, CGC Bashir Adewale Adeniyi MFR, said : “Global inflation is imparting nations worldwide, including Nigeria. To address this, the Federal Government through Nigeria Customs Service is suspending import duties and taxes on essential food items, to make them more affordable for the citizens.

“We are committed to implementing these measures seamlessly, to address the problem of hunger in our nation.

“We have streamlined export processes to make sure Nigerian goods reach international markets efficiently.”

The CGC went on : “We have introduced tools like Advance Ruling Systems, Authorized Economic Operators, AEO, Time Release Study to enhance trade, stimulate the economy and create opportunities.

“Our farmers, entrepreneurs and artisans will now have a faster path to global markets, benefiting their families and communities. ”

He continued : “We are also collaborating with other security agencies and intensifying efforts to combat influx of arms and dangerous weapons through our land, sea and airports.

“We believe in collective efforts and peaceful process to strengthen our borders”

His words : “Disruption to the supply chain affects foreign investments, disturbs trade, promotes instability, increases scarcity and hinders revenue collection .

“In this challenging time, let us unite in resilience and cooperate.

“We extend out heartfelt gratitude to those who have embraced the path of peace and dialogue. Your constructive engagement shows a commitment to our nation’s well-being. Your cooperation is invaluable, as we work to overcome these challenges and build a brighter future.

“A future begins now. By improving the presence, we create a promising future. The Nigeria Customs Service stands with you, to serving and protecting the interest of every Nigerian”