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Government Plans to Increase prices of bread, Pasta, Noodles & Biscuit other allied products
With the increment of the import duty on Wheat as contained in the 2012 Appropriation Bill that was recently presented the average Nigerian is definitely in for a new high price regime for staple food items such as Bread, Spaghetti, Noodles, Pastries and allied product made from wheat flour.

There is no doubt that this will bring about another phase of untold hardship and aggravated suffering on the already over-burdened Nigerian populace who are just adjusting to realities of the January hike in prices of Petrol warranted by the aborted outright removal of fuel subsidy.

The reason posted for the increase in the duties on these commodities was to promote the usage of Cassava flour which is locally produced. According to the government, this will lead to a marginal growth in the country’s Gross Domestic Product (GDP) and save the country some earnings by reducing importation.

The Government explained that there was no way the country could experience the desired growth in the face of unbridled importation of consumer items and specifically stated that jacking up of the duties was intended to challenge Nigerian farmers on the need to work harder so that Nigeria can become sufficient in food production.

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