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TOP SECRET REVEALED FINALLY! WATCH VIRAL V!DEO, SEE WHY WILDFIRE IS RAZING OUT USA. SEE WHERE THE FIRE HAS EXPANDED TO| EXPERTS SAYS IT AS A RESULT OF THIS.. READ FULL DETAILS.Nigeria received a shipment of brown rice as it began to alleviate rising food costs, squeezing Nigerians. A consignment of 32,000 arrived in Lagos, confirmed by the logistic firm DUCAT, which facilitated the shipment. ...Tap To Read The Full Story Here | ..Tap To Read The Full Story Here...
The rice from Thailand was shipped after the country issued a tariff moratorium on wheat, corn, rice, and other food crops in 2024.
Despite the duty waiver, purchases have been limited to not hurt local producers.
According to DUCAT Chief Executive Officer Adrian Beciri, Nigeria has been working hard to find solutions to increase and boost its food security and supply accessibility.
Legit.ng reported that Nigeria announced measures to end food inflation six months ago by introducing a 180-day duty-free import window to import wheat, corn, and other food crops.
According to the Agriculture and Food Minister, Abubakar Kyari, imported foods will be subject to recommended retail prices. Almost six months ago, Nigeria announced a series of measures to curb food inflation, which has been rising rapidly in three decades in a country where more than 200 million people, half its population, live in extreme poverty.
BusinessDay reports that a government official said that guidelines to ensure compliance are fine-tuned and will be released in the coming days.
Nigeria faces the consequences of economic reforms introduced by President Bola Tinubu when he assumed office in 2023.
Nigerians affected by rising food prices
The measures include the naira devaluation and several hikes in electricity tariffs, with food inflation rising to 41% in May last year.
The increased prices and depreciating naira in 2024 made the Central Bank of Nigeria (CBN) hike interest rates.TOP SECRET REVEALED FINALLY! WATCH VIRAL V!DEO, SEE WHY WILDFIRE IS RAZING OUT USA. SEE WHERE THE FIRE HAS EXPANDED TO| EXPERTS SAYS IT AS A RESULT OF THIS.. READ FULL DETAILS.
In December 2024, the government announced plans to curb price growth under the Inflation Reduction and Price Stability Order.…Read_ The_ Full: Story_ Here.
