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FG’s Zero Import Duty Policy Faces Fresh Hurdles Amid Inflation Crisis Import Duty
FG’s Zero Import Duty Policy Faces Fresh Hurdles Amid Inflation Crisis
Import Duty
By Tobouke JEMINE
Nigeria’s zero import duty policy on essential food staples has hit some roadblocks, which may dash hopes of lower food prices for low-income Nigerians. The main obstacles include lack of coordination among government agencies, unclear directives, and underlying agronomic and infrastructural challenges.
The country’s inflation rate has been on the rise since President Bola Tinubu took office in May 2023, reaching 33.95% in May 2024. To combat this, the president announced a 150-day duty-free import window for food commodities. However, the inflation rate peaked at 34.19% in June 2024 and, after a brief decline, rose again to 32.7% in September.
Lucky Amiwero, President of the National Council of Managing Directors of Licensed Customs Agents, expressed frustration over the unclear status of the policy implementation. He cited lack of coordination among government agencies as the primary cause of the logjam.
Afrinvest Research also questioned the policy’s effectiveness, suggesting that the protectionist approach may not yield optimal results due to Nigeria’s agronomic and infrastructural challenges.
To move forward, the government needs to address the underlying challenges and improve coordination among agencies. Extending the 150-day suspension period may also be necessary for more impactful results.
HIGH CHIEF SUNNY GBEGHA JP CELEBRATES DAUGHTER’S ACADEMIC MILESTONES
By: Daire Perez
Okija, Anambra State – Father and community leader, High Chief Sunny Gbegha JP, the Egbakarewei of Iduwini Kingdom, Delta State, has expressed immense joy and gratitude to God as his daughter, Miss Gbegha Tamarauikiye Favour, successfully completed notable academic milestones at Madonna University, Okija.
Miss Favour graduated with a Bachelor of Science (B.Sc.) Degree in Banking and Finance, earning an impressive Second-Class Upper (2.1) classification. Going a step further in her academic pursuit, she has also obtained a Master of Science (M.Sc.) Degree in Banking and Finance from the same institution.
This has received warm reactions from family and friends with many congratulating the young lad. I a message filled with joy, High Chief Gbegha described his daughter’s achievements as a testament to hard work, discipline, and divine grace. He noted that her academic excellence brings honour not only to their family but also to the wider community.
Community members, friends, and well-wishers have continued to congratulate Miss Favour for her outstanding accomplishments, celebrating her as an inspiration to young scholars across the region.
IduwiniVoice joins in this congratulations to our shining young lady.
(c) IduwiniVoice
By: Divine Perezide
Former leader of Burutu Legislative House, Rt. Hon. Joseph Alubeze, has expressed heartfelt birthday felicitations to the his former boss and leader, Rt. Hon. Julius Gbabozor Pondi, Member Representing Burutu Federal Constituency and the Chairman, House Committee on the South-South Development Commission.
In his congratulatory message, Alubeze described Pondi as an astute leader whose antecedent smarcks of nothing but people-oriented service and dedication that continue to inspire many within and beyond the Constituency.
“Happy Blessed Birthday to you, my Dear Leader, Rt. Hon. Julius Pondi – Member Representing Burutu Federal Constituency and Chairman, South-South Development Commission,” he started.
He prayed for renewed wisdom, strength, and greater achievement for the federal lawmaker as he marks a new year. “May this new year of yours be filled with wisdom, strength, and greater accomplishments as you continue to serve with dedication and grace,” he added.
Hon. Alubeze, a former leader of Burutu House wished his principal Pondi, whose was his predecessor, many more fruitful years in good health, acknowledging his commitment to the advancement of the South-South region and the nation at large, closing his message with a heartfelt best wishes to the celebrant on his special day.
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Good News: Presidential Amnesty Office Commences Second Phase of Laptop Distribution to Scholarship Delegates
By: Divine Perezide
Abuja – The Otuaro-led Presidential Amnesty Office, popularly known as PAP, has commenced the second phase of laptop distribution to its scholarship beneficiaries across Nigerian Universities for the 2024/2025 academic year.
According to a statement signed by Mr. Igoniko Oduma, Special Assistant on Media to the Administrator of the Presidential Amnesty Programme, the initiative is part of efforts to enhance learning and research amongst students under the programme.
The exercise, which began following the directive of the Administrator, Chief (Dr.) Dennis Otuaro, makes a continuation of the first phase carried out between April and May 2025, during which over 663 final-year scholarship beneficiaries received laptops.
Dr Otuaro explained that the decision to promoting academic excellence and research productivity. He noted that the gesture also fulfills a promise he made to students during his tour of partner Universities in 2024.
“The laptops are intended to aid the beneficiaries in their studies and research activities” Otuaro state, urging the students to use the devices responsibility and to justify the Federal Governmtent’s modest investment in their education.
He also advised the beneficiaries to remain focus on their academic pursuit and avoid behaviours that could undermine their future prospects.
Reaffirming his administration’s objectives, Dr. Otuaro said the PAP will continue to achieve academic succes, contributing to the socio-economic advancement of the Niger Delta region.
He expressed appreciation to President Bola Ahmed Tinubu for his consistent support for the programme, describing it as a demonstration of commitment to bridging the human capital development gaping the region.
Dr. Otuaro further urged the youths and people of the region to reciprocate the President’s gesture by supporting his administration’s policies and programmes.
He reaffirmed the PAP’s dedication to consolidating on its achievements in alignment with the Renewed Hope Agenda of the Tinubu administration.
(c) IduwiniVoice