FG Removes Tariffs On Rice Importation To Tackle Food Inflation

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“A 150-Day Duty-Free Import Window for food commodities which includes; suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders.” 

The statement was made by he Minister of Agriculture and Food Security, Senator Abubakar Kyari. He said  the measures would be implemented over the next 180 days.

Maize, Husked Brown Rice, Wheat and Cowpeas are the commodities the government is prioritising to benefit from this 150-Day Duty-Free Import Window.

The statement from the minister further noted that “Under this arrangement, imported food commodities will be subjected to a Recommended Retail Price (RRP).”

The government further promised to ensure importation of only quality produce.

“In addition to the importation by private sector, Federal Government will import 250,000MT of Wheat and 250,000MT of Maize.”

“The imported food commodities in their semi processed state will target supplies to the small-scale processors and millers across the country.”

According to them, “it would engage relevant stakeholders to set a Guaranteed Minimum Price (GMP) and mop up surplus assorted food commodities to restock the National Strategic Food Reserve.

Also, the government reiterated that there are plans to develop a strategic engagement for youth and women across the federation “For immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilise prices, and address food shortages.”

The government also stated that it would launch “The Renewed Hope National Livestock Transformation Implementation Committee” which would be inaugurated on Tuesday, 9th July 2024 with a view to developing and implementing policies that prioritise livestock development and ensure alignment with the National Livestock Transformation Plan.”

The Tinubu-led administration also noted that it plans to scale up support for Home Green Initiative by the office of the First Lady of the Federal Republic of Nigeria.

The press statement however noted that “the success of the measures aforementioned is contingent on cooperation and collaboration of all relevant MDAs and stakeholders.”

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