First of all let me thank Tinubus advisers who reminded him that tariffs can be adjusted to improve the citizens welfare and thank him for listening . Reducing duty on rice should be done only after data, outlining the gap between local consumption and production is considered .One will have expected the rice millers and farmers to forward no of farmers and growth plans to FGN.Rice millers should show figures that show that controlled transport cost e.g rail/River will eliminate the extortions on the road that force prices up.Ask farmers in the rice belt..the cost of 50kg/destoned /polished rice should hover at about 75% of the imported once..not withstanding dumping policies of exporters .
Secondly the proposed reduction in duty rate of vehicles opens an opportunity to focus on E vehicles assembled/manufactured locally..we can have more auto companies in fact one per state . Lithium processing and battery manufacturing can be done locally and body parts of vehicles imported.
We do hope the angel that visited Tinubu and advisers pay him them more visits.
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