The Federal Government’s efforts to reduce food prices through a zero percent duty and exemption from value-added tax on basic food items are facing serious setbacks, as the average price of imported food items surged to a staggering 878.3 price point index in September 2024. This spike reflects the mounting economic challenges hampering attempts to … Read more
The Presidency clarified that the suspension of import tariffs on certain food items is still under deliberation and no decision has been made yet. EKO HOT BLOG reports that the Presidency has clarified the confusion regarding the suspension of taxes, import duties, and tariffs for importing certain food items through land and sea borders, including maize, … Read more
EKO HOT BLOG reports that the All Progressives Congress (APC) has accused Anambra State governor, Prof. Chukwuma Soludo, of shortchanging Anambra citizens by re-bagging the Federal Government’s rice into “midget” bags and sharing it to his party members. The South-East Young Progressives Forum of the All Progressives Congress alleged that Governor Chukwuma Soludo of Anambra … Read more
EKO HOT BLOG reports that the Osun State Government has beefed up security around storage facilities following reports of planned looting of palliatives kept in warehouses. The state had received 3,000 bags of rice from the Federal Government and is said to be awaiting 14,516 more bags of rice and 3200 MT of maize before … Read more
The Nigerian Institute of Animal Science on Tuesday called on the Federal Government to halt the continued export of maize and soybean to reduce the scarcity of the commodities as well curb their price hike in Nigeria. Registrar and Chief Executive Officer, NIAL, Prof. Eustance Iyayi, told journalists in Abuja that the poultry sector was … Read more