president Tinubu likely to suspend import duties on food.

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president  TINUBU. 

The federal government is on the verge of setting a motion to suspend the import duties on drugs, staple food items, and other vital items for a total of six months as a means of reducing inflation.

According to reports, a document yet to be signed by the President reads, “The import duty and other tariffs are to be suspended on the following for six months: Staple food items; 

Raw materials and other direct inputs used for manufacturing: Inputs for agriculture production including fertilisers, seedlings, and chemicals, Pharmaceutical products, Poultry feeds, flour and grains,”

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