FG cuts food import tariffs to ease rising cost of living

FG on food import tariffs

The Federal Government has announced a reduction in import tariffs on key food items in a bid to ease the growing economic pressure on households and businesses, as rising energy costs continue to drive inflation across the country. The measures, unveiled on 24 April 2026, include lower duties on essential staples such as rice, sugar and palm oil, as well as selected industrial inputs. The policy forms part of broader efforts to curb soaring prices and stabilise supply. The move comes amid a sharp increase in fuel costs, with petrol…

Read More

Hardship: Nigerians cry out, as cost of food items soars 

Hardship Nigerians cry out

Nigerians have cried out over escalating cost of common perishable and preservable food items across various markets in Niger State. This is coming barely few months after the State government inaugurated a Price Control committee to check excesses of foodstuff merchants and middle-men, whose activities is adding to the rise in cost of not not only food items but goods and services from the farms to the end users. Published findings indicate that the least in quality of standard mudu of local rice and beans (containing ten milk cups) is…

Read More

Economic Hardship: Tinubu approves massive, free importation of major food items to overcome high prices

President Tinubu approves

President Bola Tinubu has approved the duty-free importation of major food items like rice, beans and wheat, to cushion the impact of the high food prices Nigerians have been grappling with since he assumed office last year. According to a statement by the President’s spokesperson, Bayo Onanuga, the measures will be “implemented over the next 180 days”. Onanuga, quoting Agriculture Minister, Abba Kyari, said President Tinubu approved a “150-Day Duty-Free Import Window for Food Commodities”, including “maize, husked brown rice, wheat and cowpeas”. Nigerians have battled with high food prices…

Read More