FG moves to force down food prices

The Federal Government has raised an inter-ministerial task force to force down food prices as well as raise Value Added Tax (VAT) on luxury items.

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However, the VAT raise is subject to the National Assembly’s approval.

Briefing State House Correspondents, yesterday, Finance Minister, Kemi Adeosun, said the Federal Executive Council (FEC) meeting, presided over by acting President, Prof. Yemi Osinbajo, approved a revised national tax policy.

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Members of the task force are Minister of Agriculture and Rural Development, Chief Audu Ogbeh, Minister of Finance, Mrs Kemi Adeosun, Minister of Industry, Trade Development, Dr. Okey Enelamah, Minister of Transportation, Rotimi Amaechi, Minister for Water Resources, Suleiman Adamu, Minister of Labour and Employment, Dr. Chris Ngige.

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