Agro

FG Suspends Taxes On Staple Foods To Curtail High Cost Of Living

FG Suspends Taxes On Staple Foods To Curtail High Cost Of Living

By Jonathan Okpanachi The federal government has suspended taxes on maize, wheat, rice, and other staples to make them affordable to common Nigerians. This suspension will last for 180 days, and aimed at providing relief to Nigerians who have been struggling with high food prices, it was learnt. The development is contained in a statement by the minister of agriculture and food security, Senator Abubakar Kyari. He said the government would also implement a 150-day duty-free import window for food commodities, including maize, husked brown rice, wheat, and cowpeas. These commodities will be subjected to a Recommended Retail Price (RRP)…
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