FG Suspends Import Duty on Specific Food Items, To Import Maize and Wheat
Federal Government (FG) has announced a temporary removal of duties, tariff and taxes on specific food items being imported into the country.
The food items include maize, cowpeas, husked brown rice and wheat.
Agriculture and Food Security Minister, Abubakar Kyari, announced this at a news conference on Monday in Abuja, Kyari said the listed food items, will enjoy a 150-day duty-free import window.
Apart from the duty free window for imported food items, federal government was also importing 250,000 metric tons of wheat and 250,000 metric tons of maize.
He explained that the imported food items would be supplied to the small scale processors and millers nationwide.
The Minister also said that government would engage stakeholders to set up a guaranteed minimum price for food items.
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Also, there would be a mop up of surplus food commodities to restock the national food security reserve.
Meanwhile, the National President, Association of Small Business Owners of Nigeria, Dr Femi Egbesola, said while the move would help arrest food inflation, it might end up weakening the country’s agricultural sector.
According to him, players in the food sector may find it difficult and unprofitable to compete against importers of foods.
He advised, It will be wise if government at all levels can declare a state of emergency in our food sector and put all hands on deck to stimulate and intervene proactively in the sector. We should be able to produce what we eat and eat what we produce. That is the only sustainable food model.
He asserted that the importation of food would not only result in job losses for workers in the agriculture value chain but would always significantly our overall health.
He added, As many of these imported foods are genetically modified and synthetic foods which do support good healthcare and wellbeing.
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