By Akinde Elizabeth
Siwes Student (Rhema College Of Science And Management Technology)
The Nigerian government has suspended duties, tariffs, and taxes on food imports for 150 days to combat the high cost of food and alleviate the suffering of Nigerians.
In collaboration with state governments, the federal government plans to expand land cultivation and support smallholder farmers, aiming to boost local food production and reduce reliance on imports.
Additionally, the government will import 250,000 metric tonnes of wheat and 250,000 metric tonnes of maize to support small-scale processors and millers nationwide.
While this policy could lead to lower food prices and increased availability, it may also result in increased imports and reduced local production. The government must ensure the benefits of this policy reach all Nigerians.
These initiatives have the potential to enhance local food production, reduce import dependence, and create jobs. However, the government must manage funds effectively and ensure the benefits are widely distributed.
