Tag: Importation

FG cuts food import tariffs to ease rising cost of living

Aminu Imam
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…

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FG bans importation of paracetamol, other essential drugs

Aminu Imam
FG bans drugs importation

The Federal Government has announced a sweeping ban on the importation of several essential goods, including widely used drugs such as paracetamol and other painkillers. The decision is part of a revised import prohibition list aimed at strengthening local industries and reducing pressure on foreign exchange. The updated directive, released by the Federal Ministry of Finance, and dated April 1, 2026, outlines seventeen categories of items that are no longer allowed into the country through any port. Observers say the move signals a tougher stance by authorities as they push…

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