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 Ukrainian government has intervened by offering 25,000 tonnes of wheat as emergency food assistance to 1.3 million vulnerable individuals in northeast Nigeria, amid the country’s rising inflation and food price challenges. This information comes from a statement released by Atinuke Akande-Alegbe, the Senior Communications and Public Diplomacy Officer at the … Read more
EKO HOT BLOG reports the Minister of Agriculture, Abubakar Kyari has said that the efforts being made by the Federal Government would end the importation of wheat seeds in the next four to five years, noting that the importation was gulping the country’s foreign reserves. He added that the Federal Government was giving out 50 … Read more