The Nigerian government plans to suspend import duties on staple food items, pharmaceuticals, and other essential goods for six months in an effort to curb rising inflation.
The proposed "Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024" would also waive levies on fertilizers, poultry feed, flour, and grains, and offer low-interest loans to the agriculture, pharmaceutical, and manufacturing sectors.[1][2][3][5]
Citations:
[1] https://nairametrics.com/2024/06/05/executive-order-tinubu-to-suspend-import-duties-on-staple-food-items-pharmaceutical-others-for-six-months-to-ease-inflation/
[2] https://punchng.com/tinubu-may-suspend-import-duties-on-food-drugs/
[3] https://nairametrics.com/2024/06/05/executive-order-tinubu-to-stop-payment-of-taxes-levies-in-dollar/
[4] https://www.channelstv.com/2024/06/06/document-on-suspension-of-import-duties-on-food-drugs-not-official-presidency/
[5] https://shipsandports.com.ng/tinubu-mulls-executive-order-to-suspend-import-duties-on-foods-drugs/