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BREAKING: FG Unveils Measures To Overcome High Food Prices, To Suspend Taxes On Importation Of Food Commodities For 180 Days

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The Nigerian government has declared a temporary suspension of duties, tariffs, and taxes on the importation of specific food items, including maize, husked brown rice, wheat, and cowpeas.

According to a statement released by Abubakar Kyari, the Minister of Agriculture and Food Security, on Monday, this measure is part of a comprehensive plan to address food inflation in Nigeria over the next 180 days.

This move aims to provide relief and mitigate the effects of food price increases in the country.

At a press briefing today, the Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the measures will be implemented over the next 180 days:

1. A 150-Day Duty-Free Import Window for Food Commodities

a. suspension of duties, tariffs and taxes for the importation of certain food commodities (through land and sea borders)

b. These commodities include Maize, Husked Brown Rice, Wheat and Cowpeas

c. Under this arrangement, imported food commodities will be subjected to a Recommended Retail Price (RRP).

(I am aware that some good citizens might be concerned about the quality of the would-be imported food commodities as it relates to the trending worries around the genetic composition of food.) I am glad to reiterate that the Government’s position exemplifies standards that would not compromise the safety of the various food items for consumption.

2. In addition to the importation by private sector, Federal Government will import 250,000MT of Wheat and 250,000MT of Maize. The imported food commodities in their semi processed state will target supplies to the small-scale processors and millers across the country.

3. Engage relevant stakeholders to set a Guaranteed Minimum Price (GMP) and mop up surplus assorted food commodities to restock the National Strategic Food Reserve.

4. Continuous ramp-up production for the 2024/2025 farming cycle.

a. sustained support to smallholder farmers in the ongoing wet season farming through existing government initiatives.

b. strengthen and accelerate Dry Season Farming across the country.

c. embark on aggressive agricultural mechanization and development to reduce drudgery, drive down the cost of production and boost productivity.

d. collaborate with Sub-National to identify irrigable lands and increase land under cultivation.

e. work closely with the Federal Ministry of Water Resources and Sanitation, to rehabilitate and maintain irrigation facilities under river basin authorities across the federation.

f. development of a strategic engagement for youth and women across the federation for immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilize prices, and address food shortages.

g. fast-tracking ongoing engagements with the Nigerian Military to rapidly cultivate arable lands under the Defence Farms Scheme, while encouraging other Para-Military establishments to put secured available arable lands to cultivation.

5. The Renewed Hope National Livestock Transformation Implementation Committee will be inaugurated on Tuesday, 9th July 2024 with a view to developing and implementing policies that prioritize livestock development and ensure alignment with the National Livestock Transformation Plan.

6. Enhancement of Nutrition Security through:

a. the promotion of production of fortified food commodities and

b. offer necessary support to scale up the Home Garden Initiative by the Office of The First Lady of the Federal Republic of Nigeria.

Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit (PFSCU) and the Economic Management Team (EMT), we will convene with the respective Agencies to finalize the implementation frameworks.

We will ensure that information is publicly available to facilitate the participation of all relevant stakeholders across the country.

The PFSCU will manage a dashboard for Mr. President, providing him with direct visibility into these interventions and ensuring accountability.

The success of the measures aforementioned is contingent on cooperation and collaboration of all relevant MDAs and stakeholders.

As our nation confronts a critical food security challenge, let me reiterate Mr. President’s unwavering commitment to attaining food security and ensuring that no Nigerian goes to bed hungry.

To this end, I can assure all Nigerians, that my team and I, will swiftly and diligently actualize these crucial policies to ensure food security for everyone in the country in the immediate term as we also continue our strategies for long-term interventions to address the underlying causes and ensure sustainable and resilient food systems in the country.

BIG STORY

Lagos Assembly Debunks Abuja House Rumour, Warns Against Election Season Propaganda

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The Lagos State House of Assembly has described as misleading and mischievous the widespread misinformation that it budgeted for the purchase of houses in Abuja for its members in the 2026 Appropriation Law.

This rebuttal is contained in a statement jointly signed by Hon. Stephen Ogundipe, Chairman, House Committee on Information, Strategy, and Security, and Hon. Sa’ad Olumoh, Chairman, House Committee on Economic Planning and Budget.

Describing the report as a deliberate and disturbing falsehood being peddled by patently ignorant people, the statement reads, “There is no provision whatsoever in the 2026 Budget for the purchase of houses in Abuja or anywhere else for members of the Lagos State House of Assembly. The report is a complete fabrication and a product of political mischief intended to misinform the public.
“The Lagos State House of Assembly does not operate in Abuja. Our constitutional responsibilities, constituencies, and legislative duties are entirely within Lagos State. It is, therefore, illogical, irrational, and irresponsible for anyone to suggest that legislators would appropriate public funds for personal housing outside their jurisdiction.”
The statement emphasized that the budget is already in the public domain and accessible for scrutiny by discerning Lagosians and Nigerians alike. It reiterated that the Lagos State Government operates a transparent budget that speaks to the needs of the people and the demands of a megalopolis.
“We view this rumour as part of a wider attempt at election-season propaganda, designed to erode public trust, sow discord, and malign democratic institutions.”

The chairmen further clarified that the 2026 capital expenditure of the House of Assembly is less than 0.04% of the total CAPEX of the state, which clearly demonstrates the culture of prudence, accountability, and fiscal responsibility that guides the legislature. However, they noted, “Historically, the House does not even access up to its approved budget in many fiscal years.”

They stressed that the Assembly remains fully committed to excellence, transparency, good governance, and the collective welfare of the people of Lagos State, in line with the objectives of the 2026 Budget of Shared Prosperity.
“We therefore challenge those behind this harebrained allegation to produce credible evidence or retract their statements forthwith. Failure to do so may attract appropriate legal actions.
“We urge Lagosians and the general public to disregard this baseless rumour and always verify information from official and credible sources.”

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BIG STORY

Lagos Partners MTN To Redevelop Obalende Under-bridge Into Eco-Friendly Bus Park

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The Lagos state government has partnered with MTN Nigeria to redevelop the Obalende under-bridge into a modern transport hub to be known as Y’ELLO bus park.

Tokunbo Wahab, commissioner for environment and water resources, announced the project in an X post on Tuesday.

Wahab said the redevelopment would transform the previously degraded space into a functional, secure, and community-centered facility.

According to him, the new bus park will feature an organized and regulated transport terminal, a recycling drop-off station, a road camp for officials of the Lagos Waste Management Authority (LAWMA) and security agencies, over 60 public toilet facilities, kiosks, and other amenities for commuters and residents.

He said the project prioritizes safety, health, and aesthetics, noting that solar-powered lighting will improve night-time visibility, enhance closed-circuit television (CCTV) coverage, and help curb criminal activities in the Obalende axis.

The commissioner added that a biodigester system will be installed to manage wastewater sustainably, while a dedicated recycling station will discourage illegal waste disposal.

Wahab said the redevelopment will also include solar panels to support energy efficiency and reduce carbon emissions, as well as tree planting to improve air quality and beautify the environment.

He described the project as part of the state government’s efforts to reclaim public spaces and make them functional, sustainable, and safe for residents.

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BIG STORY

JUST IN: Dangote Refinery Increases Petrol Price By N100, MRS To Sell At N839

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The Dangote Petroleum Refinery has increased the ex-gantry price of its premium motor spirit, also known as petrol, to N799 per litre.

The price of the product was increased by N100, from N699 per litre to N799 per litre, effective on December 12, 2025.

In a statement on Tuesday, the refinery said MRS retail outlets will now sell the product at N839 per litre — up from N739 per litre.

“With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long-term market stability and affordability,” the refinery said.

“Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.”

The refinery reaffirmed its commitment to market stability and an uninterrupted nationwide supply of petrol.

“During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending,” the plant said.

Despite the price reduction, the refinery accused “many filling stations” of failing to “reflect the new price at the pump,” thereby denying Nigerians the benefits of the slash.

“As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import-related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector,” the plant said.

Dangote refinery reaffirmed its commitment to providing energy security, price stability, and long-term value for Nigerians.

Speaking on the development, David Bird, chief executive officer (CEO), said the refinery is currently supplying about 50 million litres of petrol to the domestic market daily, with nationwide distribution running smoothly.

He explained that the refinery’s flexible design allows it to process different types of crude and intermediate feed stocks, making it possible to maintain petrol supply even during scheduled maintenance.

Bird added that this ensures that domestic fuel availability remains stable and uninterrupted.

“This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.”

 

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