• About Us
  • Contact Us
  • Privacy & Policy
Saturday, October 11, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Wale Edun Provides No New Details on Delay of Zero-Duty Food Import Policy

Vincent Amadi by Vincent Amadi
September 12, 2024
in Economy
Reading Time: 3 mins read
A A
0
Wale Edun Provides No New Details on Delay of Zero-Duty Food Import Policy
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

Nigeria’s Finance Minister, Wale Edun, has yet to provide a clear update on the status of the government’s zero-duty policy for imported food items. This policy was announced by the federal government with the intention of tackling the nation’s high inflation rates and ensuring food security for its citizens.

The zero-duty policy, which is meant to eliminate import duties on selected food items, was expected to help reduce the cost of food and alleviate the current food shortage. However, importers have expressed concerns that the conditions outlined in the policy’s guidelines are too stringent. They argue that these strict requirements could undermine the policy’s effectiveness and fail to meet its intended goals.

On Tuesday, Edun chaired a private meeting of the Nigeria Customs Service board, but he did not provide specific details about the meeting’s outcome concerning the zero-duty policy. The purpose of the policy is to address the severe food shortages and high food prices that are contributing significantly to inflation across the country. Despite the government’s efforts, there remains a lack of clarity on how and when the policy will be implemented.

In a brief statement following the meeting, Edun mentioned that discussions focused on how to collaborate effectively to make food more affordable and accessible in the short term. He acknowledged that while the zero-duty initiative offers immediate relief, President Tinubu is also concentrating on long-term strategies. These include enhancing domestic food production to ensure sustainable food security.

Edun highlighted ongoing initiatives to support local farmers by increasing the availability of crucial farming inputs such as fertilizers and seeds. These measures are particularly aimed at small-scale farmers who play a significant role in the nation’s food production. By improving access to these resources, the government hopes to boost local food production and reduce the country’s reliance on food imports.

In addition to addressing the zero-duty policy, Edun commended the Nigeria Customs Service Board for its regular meetings, which are essential for reviewing the Service’s financial performance and operational activities. He praised the Customs Comptroller General, Wale Adeniyi, and the leadership of the Customs Service for their commitment to the core values of Transparency, Integrity, and Merit. Edun emphasized that these values are crucial for effective governance and the efficient operation of the Customs Service.

The ongoing discussions and efforts highlight the government’s dual approach: providing immediate relief through policies like the zero-duty measure while also working on long-term solutions to build a more resilient and self-sufficient agricultural sector. The success of these initiatives will depend on the government’s ability to address the concerns of importers and ensure that the policy is effectively implemented to achieve its intended outcomes.

This expanded focus on both short-term and long-term measures underscores the government’s commitment to tackling the complex issue of food security and economic stability in Nigeria.

Continue Reading
Vincent Amadi

Vincent Amadi

Related Posts

Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

We never imported bad fuel – Dangote Refinery

5 hours ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn

6 days ago
BREAKING NEWS: PENGASSAN Declares Nationwide Strike.
Economy

BREAKING NEWS: PENGASSAN calls off strike

1 week ago
You’re scaring off investors – Senator Karimi warns PENGASSAN over feud with Dangote Refinery
Economy

You’re scaring off investors – Senator Karimi warns PENGASSAN over feud with Dangote Refinery

1 week ago

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Amupitan will need courage to restore INEC’s credibility — Presidency

Amupitan will need courage to restore INEC’s credibility — Presidency

October 11, 2025
Despite Herdsmen attack, Enugu is the safest State in Nigeria-Governor Peter Mbah

Mbah’s APC defection move rips Enugu PDP apart

October 11, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address