Nigeria: Government Implements Temporary Import Tax Waivers for Selected Agricultural Products

On August 14, Nigeria’s Customs Service publicly released implementation guidelines that temporarily waives all import (and associated levy) taxes for rice, sorghum, millet, corn, wheat, and beans until December 31, 2024. This policy was announced in mid-July by the Minister of Agriculture to “to ameliorate food inflation in the country.” As a result, husked brown rice duties and levies move from 30% to 0%, corn from 5% to 0%, and wheat from 20% to 0%. In 2023, Nigeria imported $1.9 billion in wheat from the world, with the United States accounting for $185 million.