The Nigeria Customs Service (NCS) has listed guidelines that companies must meet to benefit from the Zero Percent Duty Rate (0%) and Value Added Tax (VAT) exemption on selected basic food items, approved by President Bola Tinubu. It said the exemption will be granted to companies that have maintained no outstanding tax liabilities or statutory payroll obligations over the past five years. NCS said to qualify for the exemption, companies must also be incorporated in Nigeria and have been operational for a minimum of five years.