DAILY POST
The Nigeria Customs Service has announced guidelines for the implementation of a 150-day tariff waiver on selected staple foods.
This was disclosed in a statement by Customs’ spokesperson, Abdullahi Maiwada on Wednesday.
The development followed the approval of the ‘zero tariff’ by President Bola Tinubu.
Food items to enjoy the zero tariff include husked brown rice, grain, sorghum, millet, maize, wheat and beans.
The statement said the measure is aimed at mitigating the high cost of food items in the Nigerian market by making essential commodities more affordable for citizens.
“Drawing from the Presidential directives aimed at alleviating the hardship faced by Nigerians due to high prices of essential food items, the Nigeria Customs Service (NCS) is pleased to announce that His Excellency, the President of the Federal Republic of Nigeria Bola Ahmed Tinubu GCFR through the Honourable Minister of Finance and the Coordinating Minister of the Economy, Olawale Edun has approved the regulation for the implementation of a Zero Percent Duty Rate (0%) and Value Added Tax (VAT) exemption on selected basic food items.
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