Tinubu Pledges to Suspend Tariffs on Food and Medicines
Nigeria’s presidential candidate, Bola Tinubu, has pledged to suspend tariffs on essential food and medicine items if elected in the upcoming presidential election. Speaking at a campaign rally in Lagos, Tinubu outlined a comprehensive economic plan that aims to address the challenges facing the Nigerian people, including high inflation and a struggling healthcare system. “We understand the plight of our citizens who are struggling to put food on their tables and access quality healthcare,” Tinubu said. “We will provide immediate relief by suspending tariffs on essential items that are key to their well-being.” The suspension of tariffs on food and medicines is a significant move that is expected to lower prices and make these items more affordable for Nigerians. The high cost of food has been a major concern for many families, who have been forced to cut back on essential expenses to make ends meet. Similarly, the high cost of medicines has made it difficult for many Nigerians to access basic healthcare. The suspension of tariffs on these items would significantly reduce their cost, making them more affordable for all. Tinubu’s plan also includes measures to boost agricultural production and strengthen the healthcare system. By increasing the supply of food and improving access to healthcare, the government aims to create a more sustainable and prosperous future for Nigeria. The suspension of tariffs on food and medicines is seen as a positive step by many Nigerians, who are eager for relief from the economic hardship they have been facing. The pledge has been widely welcomed by industry leaders and consumer groups, who believe it will have a significant impact on the lives of ordinary Nigerians. “This is a bold move that will help reduce inflation and make essential items more affordable for our citizens,” said Alhaji Aliko Dangote, a prominent businessman and philanthropist. “We commend Tinubu for taking this step and we believe it will go a long way in addressing the economic challenges facing our nation.” If elected, Tinubu’s plan to suspend tariffs on food and medicines is expected to take effect immediately. The government will work with relevant stakeholders to ensure a smooth implementation process and minimize any disruptions in the supply chain.
Tinubu Pledges to Suspend Tariffs on Food and Medicines
Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), has pledged to suspend tariffs on imported food and medicines if elected into office. Tinubu made this promise during a town hall meeting with business leaders in Lagos on Friday, January 20, 2023. He said that the suspension of tariffs would help to reduce the cost of these essential items for Nigerians. “I am committed to suspending tariffs on food and medicines to make them more affordable for our people,” Tinubu said. “We cannot afford to have our citizens going hungry or lacking access to life-saving medications.” The APC candidate also pledged to provide more support for local farmers and manufacturers to boost domestic production of food and medicines. He said that this would help to reduce Nigeria’s dependence on imports and create jobs. “We must invest in our local farmers and manufacturers to make them more competitive and productive,” Tinubu said. “This will not only reduce our reliance on imports but also create jobs and boost our economy.” Tinubu’s pledge to suspend tariffs on food and medicines has been welcomed by many Nigerians, who are struggling to cope with the rising cost of living. However, some economists have expressed concerns that the move could lead to a loss of revenue for the government. The APC candidate has not yet provided details on how he plans to compensate for the loss of revenue if he suspends tariffs on food and medicines.
