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Nigerian Govt Slashes Duties On Rice, Cars, Drugs And Sugar In New Tariff Review.
The Federal Government has approved the implementation of the 2026 Fiscal Policy Measures (FPM), introducing major adjustments to import tariffs aimed at boosting growth across key sectors of the economy.....KINDLY READ THE FULL STORY HERE▶
The approval was contained in a document dated April 1, 2026, signed by the Minister of Finance, Wale Edun, and it replaces the 2023 Fiscal Policy Measures.
A key feature of the new policy is the revision of import duties across 127 tariff lines covering goods such as rice, sugar, vehicles, pharmaceuticals, and industrial inputs. The government said the changes are intended to stimulate growth in critical sectors.
Under the new structure, the Import Adjustment Tax (IAT) on products like crude palm oil has been reduced to an effective rate of 28.75 percent, down from previous higher charges.
In the automotive sector, tariffs on fully built passenger vehicles, including SUVs and station wagons, have been cut to 40 percent from 70 percent under the 2015 framework.
To smooth implementation, importers who opened Form M before April 1 have been given a 90-day grace period to clear goods at the old rates.
However, the policy also introduces a new excise duty system and a green tax surcharge scheduled to begin on July 1, 2026.
Key tariff changes include:
- Antimalarial drugs: 20%
- Rice (above 5kg): 47.5% (down from 70%)
- Broken rice: 30% (down from 70%)
- Wheat flour: 70%
- Crude palm oil: 28.75% (down from 35%)
- Raw sugar: 55% (down from 70%)
- Refined sugar: 57.5% (down from 70%)
- Margarine: 40%
- Refined salt: 55% (down from 70%)
- Envelopes: 40% (down from 50%)
- Notebooks/diaries: 30% (down from 40%)
- Ceramic tiles: 35%–46.25% (various reductions)
Steel and industrial inputs:
- Steel products: generally reduced to 35% from 45%
- Cold-rolled steel: 15%
- Hot-rolled steel bars: 35%
Other reductions:
- Electrical apparatus: 10% (from 20%)
- Rail locomotives (SKD/CKD): 0% (from 5%)
- Agricultural and manufacturing machinery: 0% (from 5%)
- Medical and industrial equipment: reduced to 0–10% range
Green tax exemptions include:
- Vehicles below 2000cc
- Mass transit buses
- Electric vehicles
- Locally manufactured vehicles
The government said the reforms are aimed at balancing revenue generation with economic stimulation, supporting local industries, and reducing the cost of essential imports.
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FROM BEHIND BARS! Uwazuruike Drops Bombshell: Nnamdi Kanu Is Recruiting Igbo Youth For Violence From Prison!.
Ralph Uwazuruike, an agitator for the Biafran nation, has accused Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), of continuing to recruit Igbo youths for violent activities from his prison cell in Sokoto. Uwazuruike claims that this ongoing recruitment is directly responsible for the deaths of many young people.....KINDLY READ THE FULL STORY HERE▶
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Call to Action: He urged Igbo leaders and the pan-Igbo organization, Ohanaeze Ndigbo, to travel to Sokoto to demand that Kanu cease his recruitment efforts.
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Opposition to Violence: Uwazuruike emphasized his own aversion to violence and questioned how someone serving a life sentence for terrorism can continue to mobilize youths for such causes.
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Advocacy for Amnesty: He questioned why IPOB members cannot renounce violence and seek government amnesty and rehabilitation, similar to the programs offered to repentant terrorists and bandits in northern Nigeria.
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Context of Allegations: Uwazuruike’s comments appear to be prompted by recent social media videos featuring hooded, armed militants who claim loyalty to Kanu and threaten further violence in the South East to secure his release.
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Leadership Changes: These concerns also follow reports that Kanu has restructured his leadership team from prison and initiated a vague “100-man-project”.
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THE VIRAL REBUTTAL! APC Chieftain Ayekooto Fires Back: Remi Tinubu’s Advice Was Not For Yahoo-Boys Or Obidients!.
APC chieftain Ayekooto Akindele has defended First Lady Remi Tinubu regarding her controversial advice to women about engaging in small-scale businesses, such as selling roasted corn, akara, and kuli-kuli. Akindele clarified that this guidance was not intended for internet fraudsters or supporters of Peter Obi.....KINDLY READ THE FULL STORY HERE▶
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Target Audience: The advice was specifically aimed at individuals living at or below the poverty line who seek to earn an honest living while maintaining their dignity.
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Defense of Small Businesses: Akindele argued that the businesses mentioned by the First Lady are daily necessities patronized by almost every household in Nigeria.
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Critique of Critics: He claimed that those criticizing the advice, including “Yahoo-boys” and “ObiDENTs,” view such work as beneath them because they aspire to high-level trade like selling cars, rather than starting with small-scale ventures.
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Advocacy for Honest Labor: The APC chieftain emphasized that these small enterprises provide a path to earning a livelihood without resorting to immoral activities or cybercrime.
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has expressed deep sorrow and shock over the assassination of its Benue State Chairman, Ardo Risku, and is demanding that security agencies launch a comprehensive investigation to ensure the perpetrators face justice.....KINDLY READ THE FULL STORY HERE▶
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Context of the Attack: MACBAN reported that Risku was killed shortly after attending a security meeting requested by Ohimini Local Government officials to discuss regional peace and stability.
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The Incident: Approximately an hour after the meeting, Risku and an associate were intercepted and fatally shot in Okudu village.
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Premeditation Concerns: The association views the killing as a “dastardly and deeply disturbing act” and highlighted that the timing, immediately following a peace-oriented security meeting, suggests the attack may have been premeditated.
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Pattern of Violence: MACBAN noted that this incident follows a recent attack on the deceased’s son, a lawyer, in a village last week, further supporting the need for a thorough and transparent investigation.
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Broader Impact: The association emphasized that targeting community leaders and peace advocates actively sabotages efforts toward dialogue and peaceful coexistence.
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Commitment to Peace: Despite this tragedy, MACBAN reaffirmed its dedication to collaborating with government and security institutions to resolve national security concerns and offered condolences to the victim’s family and the Benue State chapter.
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