Connect with us

General

Nigeria Suspends Food Import Duties, Partners with States to Boost Farming

Published

on

Nigeria Suspends Food Import Duties, Partners with States to Boost Farming

In an effort to combat rising inflation and alleviate food shortages, the Federal Government of Nigeria has announced a 150-day duty-free import window for various food commodities. This measure, intended to stabilize food prices and ease the economic burden on Nigerians, will suspend duties, tariffs, and taxes on food imports through both land and sea borders.

Key Points:

  • Duty-Free Import Window: Effective immediately, a five-month period has been established during which maize, husked brown rice, wheat, and cowpeas can be imported without incurring duties, tariffs, or taxes. These imports will be sold at a Recommended Retail Price to ensure affordability.
  • Partnerships with States: The government will collaborate with state authorities and the military to identify and cultivate arable lands, providing substantial support to smallholder farmers. This initiative is part of the Presidential Accelerated Stabilisation and Advancement Plan, aimed at achieving food security and economic stability.
  • Economic Context: In 2023, Nigeria spent $2.13 billion on food imports, despite having a robust agricultural sector. High food import bills have persisted due to challenges such as inadequate infrastructure, insecurity, and climate change. This new directive aims to reduce the demand for foreign exchange used by food importers.
  • Government Support: To counteract the impact of rising prices and supply shortages, the government plans to import 250,000 metric tonnes each of wheat and maize in their semi-processed states, targeting small-scale processors and millers across the country.
  • Impact on Local Agriculture: While this move is expected to mitigate immediate food inflation, experts warn it may weaken the domestic agricultural sector by making it difficult for local farmers to compete with imported goods. Sustainable agricultural policies and infrastructure improvements are crucial for long-term food security.
  • Challenges and Recommendations: Persistent issues such as poor transportation infrastructure, market access, and security continue to affect food production and distribution. Experts suggest declaring a state of emergency in the food sector and implementing comprehensive measures to boost local production and self-sufficiency.

Minister of Agriculture Abubakar Kyari emphasized the importance of these measures in bringing relief to Nigerians and supporting the agricultural sector through enhanced land cultivation and sustained farmer support. However, he acknowledged the need for long-term solutions to ensure food security beyond the temporary tariff suspension.

As Nigeria navigates this critical period, the government’s proactive stance on food imports and agricultural collaboration will be closely monitored to assess its effectiveness in stabilizing the nation’s food economy and alleviating the hardships faced by its citizens.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

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

General

Switzerland and Italy Redraw Alpine Border as Melting Glaciers Shift Boundaries

Published

on

Switzerland and Italy Redraw Alpine Border as Melting Glaciers Shift Boundaries

Switzerland and Italy have been compelled to redraw sections of their shared border in the Alps due to the ongoing effects of melting glaciers, driven by climate change. The revised boundary will affect areas near the iconic Matterhorn, one of Europe’s highest peaks, and regions close to well-known ski resorts such as Zermatt.

The Swiss-Italian border is traditionally defined by glacier ridgelines or perpetual snow areas. However, as glaciers shrink, these natural demarcations have shifted, prompting both nations to adjust the border accordingly. A draft agreement was reached in May 2023 by a joint commission, and Switzerland officially approved the changes last Friday, with Italy’s final approval still pending.

The new borders, which will impact locations like Plateau Rosa, the Carrel refuge, and Gobba di Rollin, aim to address the practical needs of both countries, particularly in terms of maintaining natural areas. The clarified boundaries will also help resolve responsibility for managing these regions as the landscape continues to evolve.

Advertisement

Melting glaciers have revealed a number of surprising discoveries in recent years, including the remains of a German climber missing since 1986, found last July near the Matterhorn. Such discoveries highlight the rapid rate at which the glaciers are retreating and the broader impacts of climate change on the region.

Continue Reading

General

Martinez Banned for ‘Offensive Behaviour’ by FIFA

Published

on

Martinez Banned for 'Offensive Behaviour' by FIFA

Aston Villa and Argentina goalkeeper Emiliano Martinez has been handed a two-match ban by FIFA for “offensive behaviour” during recent World Cup qualifiers against Chile and Colombia.

The suspension stems from two separate incidents. In the 3-0 win over Chile on September 6, Martinez controversially repeated his provocative celebration from the 2022 World Cup by holding a replica Copa America trophy against his crotch. This was Argentina’s first match since their Copa America victory in the United States in July.

Four days later, after Argentina’s 2-1 defeat to Colombia on September 10, Martinez hit a camera with his gloves as a cameraman approached him on the pitch.

Advertisement

The Argentina Football Association expressed disagreement with the suspension but acknowledged that Martinez was “responsible” for his actions. The ban means Martinez will miss Argentina’s upcoming World Cup qualifiers against Venezuela and Bolivia in October.

Continue Reading

Entertainment

Travis Kelce Impresses in Acting Debut: Cast and Crew Praise NFL Star’s Transition to TV”

Published

on

Ahead of Travis Kelce’s much-anticipated debut, his costars Courtney B. Vance, Raven Goodwin, and more expressed their admiration for the NFL star’s acting skills in exclusive interviews with E! News.

Travis made a remarkable impact on his Grotesquerie castmates, both on and off camera, leaving a lasting positive impression.

According to his TV family, he has great potential in acting. “Absolutely,” shared costar and executive producer Courtney B. Vance. “He was incredibly prepared and a wonderful, wonderful man.”

Advertisement

Raven Goodwin echoed these sentiments, describing him as “lovely” and “gracious.” She noted, “He can do anything he wants to do. He’s Travis Kelce.”

Actress Micaela Diamond also highlighted his team spirit, saying, “I had a great time working with Travis. He’s such a dear.”

For both Micaela and Travis, Grotesquerie marks a significant milestone, as it’s their first big TV project. “We were just the newbies on set, learning from these amazing actors,” she explained.

Advertisement

Nicholas Alexander Chavez was also impressed, saying, “I can’t believe it’s his first show. He brought so much confidence to the role.”

Ryan Murphy, the show’s creator, praised Travis’ charisma at the New York premiere. “A star is a star, and Travis is one,” Ryan remarked. “He’s so smart and so lovely.”

Off-set, Travis also had the support of his girlfriend Taylor Swift, who encouraged him to explore his new passion. Ryan shared, “She’s been very supportive of him, and I was thrilled about that.”

Advertisement
Continue Reading

Trending