NACCIMA says the suspension of taxes on the importation of food commodities will stabilise prices.
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture says the suspension of taxes on the importation of food commodities will stabilise prices.
Oye also applauded the 150-day duty-free import window for essential items such as maize, husked brown rice, wheat, and cowpeas.“On behalf of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture , we commend the federal government’s decisive action to suspend duties, tariffs, and taxes on the importation of key food commodities,” Oye said.
“The 150-day duty-free import window for essential items such as maize, husked brown rice, wheat, and cowpeas is a commendable move that will likely stabilize food prices and provide much-needed relief to millions of Nigerians.“By addressing the multiple factors contributing to rising food prices, including infrastructural challenges and market profiteering, this policy demonstrates a comprehensive approach to ensuring food affordability.
“However, while we applaud these measures, it is imperative that the government immediately engages with stakeholders across the agricultural value chain,” he said.
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