How Yar'Adua cut the price of rice to N8000 per bag

How Yar'Adua Reduced the Price of Rice to N8000 per Bag Seventeen years ago, on May 7, 2008, the government of Umaru Yar'Adua announced the suspension of import duties and taxes on rice imports.

At that time, Nigerians were frustrated with the rising prices of rice and other staple foods, as well as the cost of petroleum. The government declared that, starting on May 7, 2008, rice importation into Nigeria would be exempt from all duties and charges, including Customs duty, a 7% surcharge, Value-Added Tax, and other levies. Importers were instructed to adhere to proper procedures, ensuring accurate declarations of all rice imports at the nation's seaports and land borders throughout the concession period, which ended in November 2008. Reporting by Naija blog