The Federal Government of Nigeria don delay the implementation of zero-duty tax on imported food items, and dis one dey cause concern among many Nigerians. According to recent reports, the government decide to postpone dis policy to address some underlying issues.
The idea of zero-duty tax on imported food was initially meant to help reduce the cost of living and make food more affordable for Nigerians. However, the government realize say the policy need more thorough review to avoid any negative impact on local farmers and the agricultural sector.
Experts dey argue say if the government go ahead with the zero-duty tax without proper planning, it could lead to a surge in imported food, which might harm local farmers who already dey struggle to compete with foreign products. Dis could also affect the government’s efforts to boost the agricultural sector and achieve food security.
The delay give the government time to consult with stakeholders, including farmers, importers, and other relevant groups, to ensure that any policy implemented will be beneficial to all parties involved. Dis move show say the government dey committed to making informed decisions that will positively impact the economy and the lives of Nigerians.
