LOGO

Nigeria suspended import duties on some grain to control prices

[240712]a57eaf85df44d1a0c8c00b634a50cd48.jpeg.jpeg


The Nigerian government is planning to suspend import duties on grains such as wheat and maize for 150 days and set recommended retail prices to curb rising food prices in the country, foreign media reported on the 9th.

 

Nigeria's agriculture and food Safety Minister Abubakar Kyari was quoted by Reuters as saying the move was part of the government's policy to control food inflation in the country. At present, the country's food inflation rate has reached 40.66%.

 

Kyari said the government has taken a series of measures and will implement them in the next 180 days. The suspension of import duties on some grains will also see the government import 250,000 tons of wheat and 250,000 tons of corn. These commodities will be imported in semi-processed form and supplied to small-scale processors and millers.


Need help or have a question?

Send mail