The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has assured that the Service is committed to implementing the directive of President Bola Tinubu to remove tariffs and import duties on key food staples for the next six months.
Although the federal government has issued a state of emergency on food production, Nigeria’s food importation bill has surged to a five-year high in the first quarter of 2024.
Nigeria Spent Over N7.8trn On Food Importation In Six Years
Despite being touted as the food basket of Africa, Nigeria has spent over N7.8 trillion in the past six years on food import.
The staggering sum, experts say, is a clear demonstration that the Nigerian government...
Border Closure: Nigeria Spent N1.85trn On Food Importation
The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said.
Mr Salami disclosed this at the 2021 National...
NECA, LCCI, Fault Presidential Directive On Food Importation
The Nigeria Employers’ Consultative Association and the Centre for Social Justice say the directive by President Muhammadu Buhari to the Central Bank of Nigeria to withdraw foreign exchange for importation of food is coming at a wrong...
Buhari Orders CBN To Stop Forex For Food Importation
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country in a bid to ensure Nigeria attains food security.
A statement yesterday by a...
