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Duty food waiver may affect local production, CIoD tells FG

This was contained in a communiqué signed by the Director General/Chief Executive Officer of CIoD, Bamidele Alimi, issued by the Agric & Agro-Allied Committee of the institute after a webinar with stakeholders to discuss the policy.

It explained that the webinar brought together stakeholders from various sectors to examine the policy’s immediate and long-term implications for local farmers and the agricultural market.

According to the institute, the key issues highlighted included the risk of undermining local production, inadequate infrastructure, and the need for financial and policy support to strengthen the sector.

The CIoD mentioned that while the policy offered short-term relief, concerns had been raised about its potential impact on the agricultural sector, particularly for smallholder farmers.

It added that the issue prompted the institute, through its Agric & Agro Allied Committee, to organise a stakeholder gathering and engagement.

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