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Food imports: Customs to forfeit N188.4bn revenue

By Francesca Hangeior

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.

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He said special corridors would be created to facilitate the clearance of the affected food items- including rice maize and wheat.

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