Farmers' manufacturing prices rise by 70% on tariffs

Consultants, together with farmers, have stated that the excise duties payable on imported agricultural merchandise are partly chargeable for the rise within the manufacturing prices of gamers within the sector by as much as 90 p.c within the final two years .

Talking to The PUNCH in Lagos on Sunday, the Lagos Chapter President of the All Farmers Affiliation of Nigeria, Mr Femi, stated Okay, that the tariffs on agricultural enter imports damage the sector.

“The rise in agricultural import prices shouldn’t be actually encouraging. We consider that the federal authorities ought to waive any responsibility and tax on agricultural imports. That may remedy loads of issues. These items have about 70 p.c impact on agricultural merchandise and in addition taxes on agricultural imports.”

The Vice-President of Lagos, AFAN, Mr. Shakin Agbayewa, additionally burdened that the nation ought to begin producing most of its each day wants reasonably than relying totally on imports.

He stated that the nation’s over-reliance on agricultural imports and inputs had a significant destructive influence.

“Wheat is among the most consumed merchandise in Nigeria and 70 p.c of wheat is imported into the nation. Why cannot we begin rising wheat on the land? Now few individuals swap to importing wheat into Nigeria which fits towards the planting of the product. At this time, the international locations from which we import wheat are at warfare and we can’t carry wheat again into the nation,” he stated, mentioning that the nation should benefit from the present alternatives within the wheat market by rising the crop.

In the meantime, the president of AFAN, Kabir Ibrahim, stated that the uncooked supplies used to combine the fertilizers had been imported, which was one of many essential causes for the excessive value of agricultural merchandise within the nation .

Ibrahim, who noticed the excessive value of fertilizers as a significant problem for farmers, cited uncertainty as one other problem.

The Chief Govt Officer of the Middle for the Promotion of Personal Enterprises, Dr. Muda Yusuf, stated farmers mustn’t speak about tariffs on wheat and sugar, however ought to focus extra on the price of imported inputs.

“Farmers mustn’t speak about excise duties on wheat and sugar. What they need to be speaking about is the price of imported inputs akin to agrochemicals and equipment. They can’t complain about paying excessive import duties on wheat as a result of they’re alleged to plant it and never import it. Farmers must benefit from the excessive import duties. It must be to their benefit, however once you discuss concerning the inputs, particularly fertilizers, agrochemicals and farm equipment, these issues ought to truly entice zero tax. And I feel there’s a tariff concession on these issues. Ideally, the federal government would utterly waive excise duties on agricultural chemical substances and agricultural equipment.”

Leave a Comment

%d bloggers like this: