Following the suspension of tarrifs on imported food items for a period of time, the federal government has also announced tax exemption on some items that are believed to ease the hardship on Nigerians. These include CNG products and pharmaceutical products. These products will not attract value added tax, VAT. The Minister of Finance and…
Civil servants in Nigeria would be the first set of people to be considered for the sale of rice at N40,000 per bag of 50 kg. And that would not be done arbitrarily. Rather, the authorities will use data that will ensure equity in the sale of the food item. This was made known by…
Professor Babagana Zulum, Borno State Governor has launched the largest tree-planting campaign in the history of Nigeria at Kawuri Village in Konduga local government area of the state. The 2024 tree-planting exercise with 10 million assorted seedlings is aimed at controlling desertification in the state. Professor Zulum at the kick off ceremony said that in…
The suspension of duties on imported food items will bring down the cost of food items in the country. Mr. Bashir Adeniyi, Comptroller General, Nigeria Customs Service, said this at a combined news conference by the heads of security agencies and Service Chiefs, convened by the Chief of Defence Staff, Gen. Christopher Musa at the…
The best way for the federal government to solve the food inflation in Nigeria is to prioritise the provision of food at subsidized rate to the people. This was the advice that Alhaji Baba Ngelzerma, National President, Miyetti-Allah Cattle Breeders Association of Nigeria, MACBAN, has for the government. He has, therefore, called on the Federal…
President Bola Tinubu cut a pitiable sight on Sunday when he addressed the nation, pleading that protesters over hardship in the country should shield swords, as he was confident that better times are around the corner. He gave the impression that his administration was doing a lot of things to ensure that things are done…
The administration of President Bola Tinubu appears to be working hard to ensure that the problem of food insecurity is tamed within the shortest time possible. It has continued to give support to states and farmers so they can produce food towards making Nigeria self-sufficient in food production. The Minister of Agriculture and Food Security,…
The federal government has announced the establishment of an N200bn Consumer Credit Corporation aimed at funding Nigerians’ credit purchases in the wake of economic hardship. President Bola Tinubu unveiled the plan on Sunday in his ‘State of the Nation’ address after hunger led to a nationwide protest with a major theme: #Endbadgovernance. But Tinubu maintained…
Governor Babajide Sanwo-Olu of Lagos State believes that food processing companies have a role to play in bringing relief to Nigerians in this hard time. The governor said that the agro-allied companies can do this by helping to crash the prices of food items produced by them. He said this in the backdrop of the…
The dearth of capital, which invokes poor investment in the agricultural sector, has been the bane of the sector despite plans and promises by the leadership to encourage growth. This was espoused by the Minister of Budget and Economic Planning Atiku Bagudu, while speaking at the launch of the ‘Nigeria Country Focus Report’ presented by…
