Tinubu to suspend import duties on staple food items, pharmaceutical, others to ease inflation
The Federal Government is planning a six-month suspension of import duties on staple food items, drugs, and other essential items as a measure to curb inflation. This was contained in an executive order issued by the president and seen by Nairametrics. The document seen by Nairametrics did not include the signature of the President however Nairametrics can verify the source. The document also includes plans to waive levies on fertilizers, poultry feed, flour, and grains. Executive order on inflation The Inflation Reduction and Price Stability Order, as outlined in the document, will mandate the Ministry of Finance and the Central...
