The Nigeria Customs Service (NCS) has outlined the requirements for duty-free food importation, following the federal government’s announcement to suspend duties, tariffs, and taxes on food staples to combat inflation.
Effective July 15 to December 31, the NCS will implement a zero percent import duty and VAT exemption on essential food items. To participate, companies must be incorporated in Nigeria, operational for at least five years, and have a good tax record.
Additional requirements apply to companies importing specific food items, such as owning a milling plant or sufficient farmland. The eligible food items include husked brown rice, grain sorghum, millet, maize, wheat, and beans.
The Ministry of Finance will provide the NCS with a list of approved importers and quotas. Companies must sell at least 75% of the imported items through recognized commodities exchanges, maintain comprehensive records, and comply with government policies.
Failure to fulfill obligations will result in loss of waivers and payment of applicable taxes and duties. The NCS is committed to supporting government policies to enhance food security and promote economic stability.
