PRESIDENCY APPROVES IMPLEMENTATION OF IMPORT DUTY WAIVER ON FOOD ITEMS.
President Bola Tinubu has approved the implementation of a Zero Percent Duty Rate, and Value Added Tax, VAT, exemption on selected basic food items. Spokesperson of Nigeria Customs Service NCS, Abdullahi Maiwada in a statement yesterday, said the presidential approval was communicated through the Minister of Finance and the Coordinating Minister of the Economy, Olawale Edun. The Customs spokesman, remarked that the policy which took effect from 15th July 2024 […]