FG Considers Suspending Import Levies on Food to Curb Inflation
FG is considering a six-month suspension of import duties on staple food items and drugs to tackle inflation, awaiting President Tinubu’s approval. However, this proposal contradicts Tinubu’s previous stance on food imports amid Nigeria’s food crisis and soaring inflation rates, with rice prices surging by 169% in the past year This is contained in a…