President of the Aliko Dangote Foundation, Mr. Aliko Dangote has expressed the need to remove the import duty that is used in a lot of staple foods in Nigeria. This would make it easier for Nigerians to afford these foods and would also help to improve the country’s economy. The import duty is a tax that is placed on goods that are brought into a country from another country. It is used to help protect local businesses and to increase the revenue of the government.
However, in the case of staple foods, it is not necessary, as these foods can be produced locally. Removing the import duty on staple foods would make them more affordable for Nigerians, as they would not have to pay the tax. The purpose of import duties is to protect local producers from competition from abroad. The theory is that, if foreign producers are allowed to sell their products in the domestic market at a lower price than local producers can sell their products, the local producers will go out of business.
To address this problem we need to produce micronutrients locally.
The import duties are, therefore, a form of protection for the local producers. The drawback of import duties is that they increase the cost of the goods to the consumer. The current duty fees can be anywhere from 5% to 60% with the average being 12%. On top of this there is also a port surcharge of 7%.
Dr. Ehanire Osagie, the Minister of Health, has called out to industry leaders to express the importance of the need to produce micronutrients locally. This is especially important with the growth of the population. Micronutrients are essential for the body and must be consumed in adequate amounts for good health. Unfortunately, many people do not get the recommended daily intake of micronutrients, due to a variety of reasons. This can lead to health problems. One way to help address this problem is by producing micronutrients locally. This would ensure that people have access to these essential nutrients, and would also help to support the local economy.
Discussing ways to improve the food processing sector in Nigeria.
The 4th Annual Nigerian Food Processing Nutrition Leadership Forum was held in Lagos March 10th. The forum was organized by the Nigerian Export Promotion Council (NEPC) in partnership with the Federal Ministry of Industry, Trade and Investment, and the Lagos State Ministry of Industry, Trade and Investment. The forum was attended by a wide range of participants, including Federal and State government officials, private sector representatives, development partners, and representatives from the academia and civil society.
The goal of the forum was to discuss ways to improve the food processing sector in Nigeria and to identify areas in which the private sector can play a role in improving food security in the country. This forum was held by the Aliko Dangote Foundation, the Bill and Melinda Gates Foundation and the World Bank to discuss the role of the private sector in ending extreme poverty.
Accelerating progress towards the Sustainable Development Goals.
The panelists also included the International Monetary Fund. They discussed the role of the private sector in accelerating progress towards the Sustainable Development Goals, and the challenges and opportunities for the private sector in eradicating extreme poverty. The Aliko Dangote Foundation is a leading philanthropic organization in Africa, and the Bill and Melinda Gates Foundation is one of the world’s largest private foundations.
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