The Nigeria Customs Service (NCS) has stated that the revenue loss over the six month approved duties free importation of food items could reach N188 billion.
The President of the African Development Bank, Dr. Akinwunmi Adesina has raised concerns over the federal government’s plan...
President Bola Tinubu has explained his reasons for approving the temporal suspension of import duties on selected food items into the country.
The National President of the All Farmers Association of Nigeria (AFAN), Arc. Kabir Ibrahim has stated that the duty-free importation for food items will lead to the erosion of gains made in local production of maize, rice and wheat.
President Bola Tinubu has said that importing food items to address the soaring cost of food production in the country is not an option at this point for this current administration as Nigeria is potentially capable of feeding itself.
The Minister of Information, Mohammed Idris, has revealed that the federal government may resort to food importation as a short-term strategy to address the increase in the prices of food items in the country.
The CBN has reiterated its stance on sustaining FX restrictions on food items that can be produced and consumed locally.
@cenbank governor, Mr. Godwin Emefiele, has finally responded to FG announcement on the ban on FOREX restriction for food importation.
President Muhammadu Buhari gave a new directive to the Central Bank of Nigeria (CBN) to stop providing FOREX for food importation.
