• About
  • Advertise
  • Contact
Sunday, May 17, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Agriculture/ Water/ Mineral

FG Moves Against High Cost Of Food Prices, Introduces Duty-Free Importation Of Food Commodities

Vital News by Vital News
July 8, 2024
in Agriculture/ Water/ Mineral
0
FG, IITA, World Bank To Partner On Innovative Agricultural Practices
Share on FacebookShare on Twitter

The Federal Government on Monday announced the suspension of payment of duties on importation of food commodities into the country.

The Minister of Agriculture and Food Security, Abubakar Kyari announced the new measures during a press conference in Abuja.

He said this and other measures were meant to overcome high cost food prices.

However, Kyari, said the measures will be implemented over the next 180 days.

He listed the measures to include a 150-Day Duty-Free Import Window for Food Commodities and suspension of duties, tariffs and taxes for the importation of certain food commodities through  land and sea borders.

RelatedStories

From Ports To Food : How Partnership With China Is Driving Nigeria’s Economic Transformation

Don Urges Massive Investment In Forest Management And Development To Tackle Insecurity, Unemployment

Farmers Commend Governor Ododo On Cashew Policy

Dangote Cement Obajana Graduates 40 In Fish Farming, Entrepreneurship

According to him,  commodities including maize, husked brown rice, wheat and cowpeas will be subjected to
Recommended Retail  Price (RRP) under this arrangement.

“I am aware that some good citizens might be concerned about the quality of the would-be imported food commodities as it relates to the trending worries around the genetic composition of food.)

“I am glad to
reiterate that the government’s position exemplifies standards that would not compromise the safety of the various food items for consumption.

“In addition to the importation by private sector, Federal Government will import 250,000MT of Wheat
and 250,000MT of Maize.

“The imported food commodities in their semi processed state will target
supplies to the small-scale processors and millers across the country.”

He said government will also engage relevant stakeholders to set a Guaranteed Minimum Price (GMP) and mop up surplus assorted food commodities to restock the National Strategic Food Reserve.

“Continuous ramp-up production for the 2024/2025 farming cycle.
a. sustained support to smallholder farmers in the ongoing wet season farming through existing
government initiatives.

“Strengthen and accelerate Dry Season Farming across the country.

“Embark on aggressive agricultural mechanization and development to reduce drudgery, drive down the cost of production and boost productivity.

“Collaborate with Sub-National to identify irrigable lands and increase land under cultivation.

“Work closely with the Federal Ministry of Water Resources and Sanitation, to rehabilitate and maintain irrigation facilities under river basin authorities across the federation.

“Development of a strategic engagement for youth and women across the federation for immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to  increase production volume, stabilize prices, and address food shortages.

“Fast-tracking ongoing engagements with the Nigerian Military to rapidly cultivate arable lands  under the Defence Farms Scheme, while encouraging other Para-Military establishments to put secured available arable lands to cultivation.

“The Renewed Hope National Livestock Transformation Implementation Committee will be  inaugurated on Tuesday, 9th July 2024 with a view to developing and implementing policies that prioritize livestock development and ensure alignment with the National Livestock Transformation Plan,” he said.

Kyari further explained that under the new initiative : “enhancement of Nutrition Security through the promotion of production of fortified food commodities and offer necessary support to scale up the Home Garden Initiative by the Office of The First Lady  of the Federal Republic of Nigeria.

“Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit
(PFSCU) and the Economic Management Team (EMT), we will convene with the respective Agencies
to finalize the implementation frameworks.

“We will ensure that information is publicly available to facilitate the participation of all relevant stakeholders across the country.

“The PFSCU will manage a
dashboard for Mr. President, providing him with direct visibility into these interventions and ensuring accountability.

“The success of the measures aforementioned is contingent on cooperation and collaboration of all relevant MDAs and stakeholders.

As our nation confronts a critical food security challenge, let me reiterate Mr. President’s unwavering commitment to attaining food security and ensuring that no Nigerian goes to bed hungry.

“To this end, I can assure all Nigerians, that my team and I, will swiftly and diligently actualize these crucial policies to ensure food security for everyone in the country in the immediate term as we also continue our  strategies for long-term interventions to address the underlying causes and ensure sustainable and  resilient food systems in the country.(vitalnewsngr.com)

Tags: dutyfoodfreePrices
Previous Post

Hijrah 1446 A.H : Emir Of Ilorin Felicitates With Muslims, Gov. Abdulrazak Urges Muslims To Imbibe Lessons Of Hijrah

Next Post

Abiodun Gives Contractor Two Weeks Deadline To Complete Denro/Ishashi/Akute Road

Vital News

Vital News

RelatedStories

From Ports To Food : How Partnership With China Is Driving Nigeria’s Economic Transformation
Agriculture/ Water/ Mineral

From Ports To Food : How Partnership With China Is Driving Nigeria’s Economic Transformation

April 26, 2026
Don Urges Massive Investment In Forest Management And Development To Tackle Insecurity, Unemployment
Agriculture/ Water/ Mineral

Don Urges Massive Investment In Forest Management And Development To Tackle Insecurity, Unemployment

April 21, 2026
Governor Ododo, ODA Meet On Security Challenges In Okunland
Agriculture/ Water/ Mineral

Farmers Commend Governor Ododo On Cashew Policy

March 30, 2026
Dangote Cement Obajana Graduates 40 In Fish Farming, Entrepreneurship
Agriculture/ Water/ Mineral

Dangote Cement Obajana Graduates 40 In Fish Farming, Entrepreneurship

March 22, 2026
NSIA, UK’s Asset Green To Establish $496million Dairy Mega-Project In Nigeria
Agriculture/ Water/ Mineral

NSIA, UK’s Asset Green To Establish $496million Dairy Mega-Project In Nigeria

March 18, 2026
Next Post
Abiodun Gives Contractor Two Weeks Deadline To Complete Denro/Ishashi/Akute Road

Abiodun Gives Contractor Two Weeks Deadline To Complete Denro/Ishashi/Akute Road

FG Terminates Obajana – Benin Road Dualization Contracts Awarded To RCC, Mothercat, Others

FG Gives 37 Contractors Three Months Deadline To Complete 260 Road Projects

Kogi HOS Congratulates Governor Ododo On Tribunal Victory

Kogi Suspends Two Secondary School Principals Over Extortion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Kaduna, Kogi, Zamfara Drag FG To Supreme Court Over Naira Redesign Policy

Tinubu Approves CBN’s Plans To Address FOREX Market Volatility

3 years ago

Lagos, Ogun account for ₦3.2tr of Nigeria ₦3.7tr manufacturing output in H2 2021

4 years ago

Killings : Soludo imposes curfew on 7 Anambra LGs

4 years ago

I inherited N400 billion debt, N300 million cash from Obiano – Soludo

4 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu troops US
No Result
View All Result

Highlights

INEC Confirms Submission Of Membership Registers By 22 Political Parties

President Tinubu Confirms Killing Of ISIS Leader, Abu Bilal Al-Manuk In Nigeria, Thanks President Trump

President Tinubu Arrives Lagos After France, Kenya, Rwanda Tour

Terrorists Attack Oyo Schools, Kill Teachers, Abduct Unspecified Number Of Pupils

LINO Congratulates Newly Elected INC Executives, Hails Tompolo’s Role

Hunger, Conflict, Disease Pushing Northern Nigeria Toward Humanitarian Breaking Point — MSF

Trending

President Tinubu, Osifo To Slug It Out As APC Adopts Direct Primary for 2027 Presidential Ticket
Politics

Oyo APC Reps Primaries Peaceful, Transparent — Alabi, Election Committee Chairman

by Vital News
May 16, 2026
0

Prof. Mojeed Alabi, Chairman of the APC House of Representatives Primaries Committee in Oyo State, has described...

Terrorists Invade CRIN, Abduct Four Cocoa Farmers In Ibadan

Abductors Of Pupils, Teachers Of Oyo Schools Trapped In National Park, Government Says, Confirms Killing Of Teacher, Motorcyclist

May 16, 2026
Abiodun Participates In APC Primaries, Commends Peaceful Conduct

Abiodun Participates In APC Primaries, Commends Peaceful Conduct

May 16, 2026
Ahead FCT Area Council Election, INEC Reaffirms Neutrality, Warns Against Vote Buying

INEC Confirms Submission Of Membership Registers By 22 Political Parties

May 16, 2026
President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis

President Tinubu Confirms Killing Of ISIS Leader, Abu Bilal Al-Manuk In Nigeria, Thanks President Trump

May 16, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Oyo APC Reps Primaries Peaceful, Transparent — Alabi, Election Committee Chairman May 16, 2026
  • Abductors Of Pupils, Teachers Of Oyo Schools Trapped In National Park, Government Says, Confirms Killing Of Teacher, Motorcyclist May 16, 2026
  • Abiodun Participates In APC Primaries, Commends Peaceful Conduct May 16, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In