A new breath of life has begun for Nigerian citizens as the Federal Government has initiated significant reductions in import duties for essential goods as part of a major policy change designed to alleviate the escalating cost-of-living crisis in Nigeria.
According to Naija News, these new rates, effective from July, are outlined in the 2026 Fiscal Policy Measures that have been approved by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.
The reductions apply to various categories, including food staples, passenger vehicles, mass transit buses, electric vehicles, and manufacturing machinery…CONTINUE FULL READING>>>
