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Nairaland Forum / Nairaland / General / Business / FG To Suspend Import Duties And VAT On Food Items, Others (26118 Views)
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Re: FG To Suspend Import Duties And VAT On Food Items, Others by egoldman(m): 5:45pm On Jun 05 |
Story, you flooted the naira taking dollar to almost 2k, now you remove import duties on food related items, Shey na same same dollar that is 1,500 them go buy to pay for those imports? Tinubu and APC just dey use Nigerian lives dey do ping-pong. Nonsense. 1 Like 1 Share |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Kingrshd3: 5:46pm On Jun 05 |
Kizyte: Amen óòoo |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by lexy2014: 5:48pm On Jun 05 |
Tunjikam: Instead of disturbing yourself about obi can you pls tell me how much tomatoes, pepper, yam, beans, garri and fuel you can presently afford. Is it obi that is managing the economy? How are you faring under the present economic dispensation under d administration of Tinubu? |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Meti99(m): 5:48pm On Jun 05 |
skultrick:Nothing stops you from becoming a seller and making the price affordable to Nigerians |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by jaxxy(m): 5:49pm On Jun 05 |
Good but it will only have real effect after old stock is replaced with new stock and it will only be a slight drop cos it wasn't duty/VAT that made food prices go up. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by DeepSight(m): 5:49pm On Jun 05 |
This is the very first action I am seeing being taken to suggest that the government has any intention of addressing the hardship in the country. Let's see how it goes. Many more steps are needed, yes, including the partial return of subsidy and the "unfloating" of the naira. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by RepoMan007: 5:49pm On Jun 05 |
2. The import duty and other tariffs on the following items are hereby suspended for a period of six months: Let's see how it goes. Planting window is still open. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Laple0541(m): 5:49pm On Jun 05 |
RepoMan007: But for over 2 decades of promotion, the local production have not been able to meet even 20% of our demands. For now a bold decision is required to address food crisis and this is laudable till we are able to re-strategize. 2 Likes |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Kukutente23: 5:50pm On Jun 05 |
erosimo: And people are commenting without even bothering to check!! What a disgrace!! 1 Like |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by sweetkev(m): 5:50pm On Jun 05 |
Let's hope it works. Nigerians are really suffering. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Menclothing1: 5:51pm On Jun 05 |
Why can’t all state gov invest in massive agricultural production 1 Like |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by RepoMan007: 5:51pm On Jun 05 |
DeepSight:we are suppose to avoid subsidy and floating of naira but in the face of wastage being perpetrated by the govt, that's hard thing to not do. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Barrylord4040: 5:51pm On Jun 05 |
There Is A Lot Of Hunger In South-East - Cubana Chief Priest |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by DeepSight(m): 5:52pm On Jun 05 |
RepoMan007: Let's even leave those who argue about the subsidy for now. What was the urgency with floating the naira? |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Reloadedisraelp: 5:53pm On Jun 05 |
Yeye government.... Pay the citizens higher pay like the ones ure collecting monthly.... animals in human form... |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by kayttah(m): 5:53pm On Jun 05 |
trial and error government! |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Elliotwaveforec: 5:53pm On Jun 05 |
Open borders for foods to come in; local farmers are too greedy and selfish! Rice, maize, beans, guinea corn, and, even, cassava should be imported now since our useless farmers don't want to have sense. 5 Likes |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by RepoMan007: 5:53pm On Jun 05 |
Menclothing1:that doesnt present them a healthy stealing window. Flyover and overhead bridges are better for that purpose. 2 Likes |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Kukutente23: 5:54pm On Jun 05 |
And my comment exposing the thread as fake news just got removed!! Well played I see the topic has changed with "To". Fair play
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Re: FG To Suspend Import Duties And VAT On Food Items, Others by skultrick(m): 5:54pm On Jun 05 |
Meti99: I am already a seller and not a greedy one. I don't know about you 1 Like |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by Reloadedisraelp: 5:54pm On Jun 05 |
Menclothing1:so dat higher terrorist will slaughter them ? 🙄 |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by DeepSight(m): 5:55pm On Jun 05 |
RepoMan007 are you into organ harvesting. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by DeepSight(m): 5:56pm On Jun 05 |
Kukutente23: It's also possible it's a yet to be signed leaked document. Let's wait and see. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by marenkurz: 5:56pm On Jun 05 |
Better late than never. Although, they should have done this 10 months ago. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by criuze(m): 5:57pm On Jun 05 |
Audio Amplification |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by RepoMan007: 5:58pm On Jun 05 |
DeepSight:Govt lacked the forex supply or inflow to match demand for forex and when forex is artificially cheaper than it should be, demand is bound to be higher. It had to go. Another effect was a falls sense of economic growth and size it created. Dividing by N800 to a dollar made us the largest in africa but in reality we should be dividing by around N1500 to a dollar which has pushed us to 4th largest. It also pushed out rich men off the rich list to their actual positions. 3 Likes |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by smileyoo: 5:59pm On Jun 05 |
This is a good move but will not solve the problem of food scarcity. If this emilokan government can tackle the problem of national insecurities, especially against farmers across the nation, food scarcity will be a thing of the past, because Nigerians had always been taken care of their food needs, before all these useless bandits and heartless Fulani -herdsmen terrorists started killing innocent Nigerians especially farmers in their various farmlands across the nation, thereby drastically reducing the food production capacity of Nigerian farmers. Those bandits and Fulani -herdsmen terrorists, that has been terrorising and killing Nigerians especially farmers must be treated as enemies of the state, that they are indeed. 1 Like |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by back2sender: 6:00pm On Jun 05 |
Government MUST keep a dash board of all the imports bright in this period and set the mechanism for tracking to last mile distribution point. Share this info with consumers so we will know the saboteurs in this country hiking the cost of food stuff. I hope custom and other govt agencies will not frustrate this move, corruption in Govt agencies destroys Govt good intention 3 Likes |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by RepoMan007: 6:00pm On Jun 05 |
DeepSight:No stop watching too many movies. I have seen the movie too. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by fabolouz1(m): 6:01pm On Jun 05 |
I want to read that the president has resigned. |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by wallrichy: 6:01pm On Jun 05 |
This is a good initiative. Waivers of import duty and vat on staple food, agricultural raw materials and pharmaceutical products. This is a great......must have taken advise from people. This is great decision and should be quickly implemented adioolayi: |
Re: FG To Suspend Import Duties And VAT On Food Items, Others by mukshin(m): 6:02pm On Jun 05 |
Very impressive especially on the poultry feeds 1 Like |
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