• About Us
  • Advertise With Us
  • Contact Us
  • Donate
Tuesday, July 1, 2025
Daily Intel Newspapers
  • Login
  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Experts hail new HIV injection breakthrough ,decry high cost

    Experts hail new HIV injection breakthrough ,decry high cost

    US governor of  North Carolina declares June 14 Igbo Day

    US governor of  North Carolina declares June 14 Igbo Day

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

  • Metro News
    Abuja braces for two-week without water as rehabilitation works commence

    Abuja braces for two-week without water as rehabilitation works commence

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Wike approves recruitment of 34 resident doctors for FCT hospitals

    Wike constitute teams to screen Abuja land tittles

    FG revokes allocation to defaulting national housing programme beneficiaries

    Only two of 445 mass housing developers met FCTA conditions – Official

    Police foil robery operation in Abuja estate

    Police foil robery operation in Abuja estate

  • Latest News
    • All
    • Crime watch
    Kogi ranks 5th lowest state with domestic debt — Commissioner

    Kogi ranks 5th lowest state with domestic debt — Commissioner

    FG  distributes gas cylinders in Sokoto, targets five million household nationwide by 2030

    FG distributes gas cylinders in Sokoto, targets five million household nationwide by 2030

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

    Bauchi allocates N45 billion for upgrade of fertiliser blending plant

    Bauchi govt. to create new emirates

    NEC reinstates Anyanwu as PDP national secretary

    NEC reinstates Anyanwu as PDP national secretary

    Gov sani of Kaduna appoints new  agencies head

    Gov sani of Kaduna appoints new agencies head

    Trending Tags

  • Infotech
    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

    Disconnections not to frustrate ₦EndBadGovernance Protest-Telcos

    FG receives recommendation on telecoms tarrif hike

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

  • World conflict & diplomacy
    UK prime minister back US military strikes on Iran ‘s nuclear sites

    UK prime minister back US military strikes on Iran ‘s nuclear sites

    Israel bombs Iran’s heavy water reactor, says state television

    Israel bombs Iran’s heavy water reactor, says state television

    Iran slams G7 statement for ignoring Israel’s blatant aggression

    Iran slams G7 statement for ignoring Israel’s blatant aggression

    Iran launch over 100 drones towards Israel as conflict escalates

    Iran launch over 100 drones towards Israel as conflict escalates

    Six nuclear scientists killed in Israel attack on Iran — Reports

    Six nuclear scientists killed in Israel attack on Iran — Reports

    UK backs Morocco’s autonomy plan for Western Sahara

    UK backs Morocco’s autonomy plan for Western Sahara

  • Security
    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

    Police extend deadline for tinted glass permit to August 12

    Police extend deadline for tinted glass permit to August 12

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Northern governors, traditional rulers back state police

    Northern governors, traditional rulers back state police

No Result
View All Result
  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Experts hail new HIV injection breakthrough ,decry high cost

    Experts hail new HIV injection breakthrough ,decry high cost

    US governor of  North Carolina declares June 14 Igbo Day

    US governor of  North Carolina declares June 14 Igbo Day

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

  • Metro News
    Abuja braces for two-week without water as rehabilitation works commence

    Abuja braces for two-week without water as rehabilitation works commence

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Wike approves recruitment of 34 resident doctors for FCT hospitals

    Wike constitute teams to screen Abuja land tittles

    FG revokes allocation to defaulting national housing programme beneficiaries

    Only two of 445 mass housing developers met FCTA conditions – Official

    Police foil robery operation in Abuja estate

    Police foil robery operation in Abuja estate

  • Latest News
    • All
    • Crime watch
    Kogi ranks 5th lowest state with domestic debt — Commissioner

    Kogi ranks 5th lowest state with domestic debt — Commissioner

    FG  distributes gas cylinders in Sokoto, targets five million household nationwide by 2030

    FG distributes gas cylinders in Sokoto, targets five million household nationwide by 2030

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

    Bauchi allocates N45 billion for upgrade of fertiliser blending plant

    Bauchi govt. to create new emirates

    NEC reinstates Anyanwu as PDP national secretary

    NEC reinstates Anyanwu as PDP national secretary

    Gov sani of Kaduna appoints new  agencies head

    Gov sani of Kaduna appoints new agencies head

    Trending Tags

  • Infotech
    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

    Disconnections not to frustrate ₦EndBadGovernance Protest-Telcos

    FG receives recommendation on telecoms tarrif hike

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

  • World conflict & diplomacy
    UK prime minister back US military strikes on Iran ‘s nuclear sites

    UK prime minister back US military strikes on Iran ‘s nuclear sites

    Israel bombs Iran’s heavy water reactor, says state television

    Israel bombs Iran’s heavy water reactor, says state television

    Iran slams G7 statement for ignoring Israel’s blatant aggression

    Iran slams G7 statement for ignoring Israel’s blatant aggression

    Iran launch over 100 drones towards Israel as conflict escalates

    Iran launch over 100 drones towards Israel as conflict escalates

    Six nuclear scientists killed in Israel attack on Iran — Reports

    Six nuclear scientists killed in Israel attack on Iran — Reports

    UK backs Morocco’s autonomy plan for Western Sahara

    UK backs Morocco’s autonomy plan for Western Sahara

  • Security
    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

    Police extend deadline for tinted glass permit to August 12

    Police extend deadline for tinted glass permit to August 12

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Northern governors, traditional rulers back state police

    Northern governors, traditional rulers back state police

No Result
View All Result
Daily Intel Newspapers
No Result
View All Result
Support Us Support Us Support Us
Home Special reports

FG approves import guideline as zero tariff policy for staple foods ends December 31

Daily Intel Newspaper by Daily Intel Newspaper
August 14, 2024
FG approves import guideline as zero tariff policy for staple foods ends December 31

#image_title

Share on FacebookShare on TwitterChat With Us Live

The federal government has unveiled guidelines for the implementation of the “zero per cent duty rate and value added tax” exemption on certain basic food items.

The announcement is contained in a statement issued by the spokesperson of the Nigeria Customs Service (NCS), Abdullahi Maiwada, on Wednesday in Abuja.

Mr Maiwada said that President Bola Tinubu approved the guidelines through Wale Edun, the minister of finance and coordinating minister of the economy.

On July 8, the minister of agriculture and food security, Abubakar Kyari, announced the suspension of duties, tariffs, and taxes on certain imported food items.

The food items included maize, husked brown rice, wheat, and cowpeas.

According to Mr Maiwada, the policy is effective from July 15, and will remain in place until December 31.

He listed the guidelines, which include that only companies incorporated in Nigeria and operational for at least five years were eligible to participate in the zero-duty importation of the staples.

“The company must have filed annual returns and financial statements and paid taxes and statutory payroll obligations for the past five years.

“Companies importing husked brown rice, grain sorghum, or millet need to own a milling plant with a capacity of at least 100 tonnes per day, operated for at least four years, and have enough farmland for cultivation.

“Those importing maize, wheat, or beans must be agricultural companies with sufficient farmland or feed mills/agro-processing companies with an out-grower network for cultivation,” he said.

The NCS official said that the federal ministry of fnance would periodically provide the service with a list of importers and their approved quotas to facilitate the importation of the staples within the policy’s framework.

He said that the policy required that at least 75 per cent of imported items be sold through recognised commodities exchanges, with all transactions and storage recorded.

“ Companies must keep comprehensive records of all related activities, which the government can request for compliance verification.

“If a company fails to meet its obligations under the import authorisation, it will lose all waivers and must pay the applicable VAT, levies, and import duties.

“This penalty also applies if the company exports the imported items in their original or processed form outside Nigeria,” he said.

He, however, said that while the policy was a temporary measure aimed at addressing the current economic hardships, it does not undermine the long-term strategies put in place to safeguard local farmers and protect manufacturers.

According to the spokesperson, the previous duty rate and levy for husked rice was 30 per cent , beans 20 per cent, wheat 20, while millet, maize and grain sorghum were five per cent.

(NAN)

Share187Tweet117SendShare
Support Us Support Us Support Us
Daily Intel Newspaper

Daily Intel Newspaper

Next Post
Counter Subversion Bill not targeted at a section of the country, Reps Speaker clarifies

Reps Speaker withdraws controversial Counter Subversion Bill amid public condemnation

Leave a Reply Cancel reply

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

Recent Posts

  • Kogi ranks 5th lowest state with domestic debt — Commissioner
  • FG distributes gas cylinders in Sokoto, targets five million household nationwide by 2030
  • Ala-Igbo is under siege: The growing threat of armed herdsmen invasion and the urgent call for a united defensive front | By Ifeanyi Ejiofor
  • IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation
  • Bauchi govt. to create new emirates

Recent Comments

  1. Daily Intel Newspaper on BREAKING: Gunmen Kidnap 23 in Nigeria’s Capital
  2. Carol Goodrich on BREAKING: Gunmen Kidnap 23 in Nigeria’s Capital

Categories

  • Business
  • Citizen reporter
  • Corruption
  • Crime watch
  • Culture
  • Developing news
  • Document
  • Education
  • Entertainment
  • Exclusive
  • Featured
  • Finance & economy
  • Foreign News
  • Health
  • Human rights & the people
  • Infotech
  • Interviews
  • Investigation
  • Judiciary
  • Latest News
  • Maritime
  • Metro News
  • News
  • Oil & gas
  • Opinion
  • Politics
  • Promoted
  • Science & Technology
  • Security
  • Special reports
  • Special updates
  • Sports
  • Unedited for the record
  • World conflict & diplomacy
  • About Us
  • Advertise With Us
  • Contact Us
  • Donate

© 2025 All Rights Reserved Daily Intel Newspapers

No Result
View All Result
  • Home
  • Special reports
  • Special updates
  • World conflict & diplomacy
  • Infotech
  • Metro News
  • Latest News
    • Human rights & the people
    • Unedited for the record
    • Judiciary
  • Finance & economy
  • Exclusive
  • Security
  • Document
  • Education
  • Entertainment
  • Infotech
  • Investigation
  • Science & Technology
  • Developing news
  • Sports
  • Business
  • Culture
  • Finance & economy
  • Foreign News
  • Health
  • Corruption
  • Promoted
  • Crime watch

© 2025 All Rights Reserved Daily Intel Newspapers

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In