The National Harmonized Traders Union of Nigeria has expressed cautious optimism regarding the federal government’s decision to temporarily suspend import duties on rice, maize, and other essential food items. While acknowledging the potential for short-term relief, the union also stressed the need for long-term solutions to boost domestic agriculture.
In a statement signed by President Bature AbdulAziz, the union highlighted the challenges posed by the current foreign exchange situation. “Even with the duty-free window,” AbdulAziz remarked, “prices for imported rice will likely remain high for ordinary Nigerians due to the exchange rate.”
He acknowledged the urgency of addressing food insecurity but emphasized, “This shouldn’t become a permanent policy.” The union leader suggested prioritizing the import of paddy rice, a less processed option that could create local jobs during processing and potentially lower consumer prices.
The statement also called for increased government support for Nigerian farmers. “Our farmers are working hard,” AbdulAziz noted, “but they lack access to essential tools and equipment during this crucial planting season.” He urged the government to prioritize providing farmers with the resources they need to improve agricultural productivity and reduce reliance on imports in the long run.pen_spark
