BREAKING: Customs to Forfeit N188.4bn in Revenue Due to Food Import Policies

The Nigeria Customs Service (NCS) is to forfeit an estimated N188.37 billion in the six months within which the Tariff-free foods imports of President Bola Tinubu would be implemented.

The Comptroller-General (C-G) of the NCS, Mr. Wale Adeniyi, disclosed this at an ongoing Public Lecture and Book Presentation of Economic Confedential in Abuja.The C-G described food security as a national security issue that required a well-coordinated approach from all stakeholders.He said special corridors would be created to facilitate the clearance of the affected food items- including rice maize and wheat.Details later…