The implementation of suspension of duty and taxes on imported food items is yet to take off almost two months after it was granted by the federal government. The Nigeria Customs Service disclosed this, while explaining the reason the policy has not taken off. Customs said in a statement that the implementation will commence as…
Lectricus Technology Limited, a firm focused on climate technology, has stated that it is making substantial efforts to integrate clean technologies to help Nigeria and the rest of Africa address the issue of food waste. The Food and Agriculture Organisation (FAO) estimates that 1.3 billion tonnes of food go to waste annually. Smallholder farmers…
The federal government has said that it is working tirelessly to boost domestic food production before the expiration of the 150-day duty-free import window for food commodities. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun said this in a statement after chairing the closed-door session of a pivotal meeting with…
The Manufacturers Association of Nigeria (MAN) has reacted to the new price of Premium Motor Spirit (PMS), popularly known as petrol, warning of a high possibility of a rise in inflation figures, impacting household budgets. In a statement by its Director-General, Segun Ajayi-Kadir, on Wednesday, the association enumerated the impacts of the petrol price adding…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, in an appeal during the visit of the United Nations Deputy Secretary-General, Dr Amina Mohammed, to Nigeria recently called for a more robust partnership with the United Nations to achieve sustainable agricultural development and food security. Kyari, who spoke at the partnership meeting emphasised the…
The Federal Competition and Consumer Protection Commission has dismissed claims that it plans to regulate the prices of food items and other commodities in the Nigerian market. It clarified that its recent directives are solely aimed at curbing exploitative practices and maintaining a competitive marketplace in a statement by its Director, Special Duties and Strategic…
The chairman of the presidential committee on fiscal policy, Taiwo Oyedele said the committee has proposed the removal of taxes on food, public transportation, and house rents, to ease the financial burdens of Nigerians. Oyedele during an interview with Channels TV in Abuja said the proposal also includes the exemption of value-added tax (VAT) on…
The Federal Ministry of Agriculture and Food Security has expressed readiness to partner with Babanna Border Development Agency (BBDA) to check agricultural activities at the border. Speaking while playing host to the Management of the Agency led by its Director-General, Mohammed Garba Danladi, in Abuja recently, the Minister of State for Agriculture and Food Security,…
The National Bureau of Statistics (NBS) has released a report on the cost of the national average Healthy Diet (CoHD). In it it is shown that the average cost of a healthy diet is N1,265 per adult per day in July 2024. The report is tagged “Cost of a Healthy Diet July 2024.” NBS said…
Traders across the country have one month within which they are to bring down the prices of commodities. Failure to do that would result in prosecution. That is the order from the Federal Competition and Consumer Protection Commission (FCCPC). The Executive Vice Chairman of FCCPC, Mr Tunji Bello, issued the order on Thursday at…
