In the Council of Ministers dated Wednesday March 23, 2022, the Beninese State took bold measures to regulate consumer prices. The Minister of State for the Economy and Finance, Romuald Wadagni provides details on the measure concerning the 50% drop in the value of freight.

In a "Public Debate" organized on the national television channel this Sunday, April 03, 2022, Romuald Wadagni clarified the measures taken by the government to control the rise in product prices on the market. Among these measures is the 50% reduction in the value of freight.

"When you import a product and you arrive at customs, the rate to be applied applies to the purchase cost of the product plus insurance and freight", declared the Minister of State for the Economy and Finance. As freight has increased, to avoid this “weighing on the cost price”, the government has decided “to lower the value of freight by 50%”. “Which makes it at least 10% less on the cost of customs clearance”. “And so if it continues, it is part of the measures that are in the hands of the government to continue to support more” said Romuald Wadagni.