FG’s Waiver Policy Pushes Nigeria’s Food Import Bill To N7.65trn

Nigeria’s food and beverage imports hit a four-year peak in 2025, reaching N7.65 trillion—the highest since 2022—largely fuelled by the federal government’s 2024 import waiver policy aimed at tackling soaring food inflation above 40 per cent. Data from the National Bureau of Statistics (NBS) shows that the country spent N7.65 trillion importing food and beverages […]


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