The Nigeria Customs Service (NCS), on Wednesday, announced President Bola Tinubu’s approval for the implementation of a Zero Percent Duty Rate (0%) and Value Added Tax (VAT) exemption on selected basic food items. Customs spokesman Abdullahi Maiwada said in a statement said the presidential approval was communicated through the Minister of Finance and the Coordinating Minister of the Economy, Olawale Edun. This policy is effective from 15th July 2024 and will remain in force until 31st December 2024, Maiwada added. He said the move would alleviate hardship faced by Nigerians…
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