RECENTLY, industries stakeholders called on Federal Government to suspend the 15 per cent levy on wheat grain importation from the two top wheat exporting countries namely Russia and Ukraine. However, it is hard to see how the purchase of wheat and potash from Russia will serve any role in bringing the Ukrainian war to an end. Is it really in the interest of Nigeria to import Russian wheat and potash at the expense of the potential extension of economic sanctions from the West? In the wake of the war, the US commenced the imposition of severe economic sanctions on Russia and Belarus. Germany’s move proves just that’The point here is however not about the Nigerian government’s imposition of sanctions on Russia.

Source: Nigerian Tribune June 02, 2022 22:26 UTC