NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

Rice smuggling: Nigeria risks losing $400m — Processors’ Association •Backs border closure

By News Express on 30/08/2019

Gmail icon

Views: 336

•RIPAN National Chairman Mohammed Abubakar Maifata (speaking) and Vice-Chairman Paul Eluhaiwe
•RIPAN National Chairman Mohammed Abubakar Maifata (speaking) and Vice-Chairman Paul Eluhaiwe

Rice Processors Association of Nigeria (RIPAN) has said Nigeria risks the loss of over $400 million to rice smuggling if the over one million metric tonnes of the commodity is allowed to enter the country from Benin Republic.

National Chairman of RIPAN, Alhaji Mohammed Abubakar Maifata, and his vice-chairman, Mr Paul Eluhaiwe, disclosed this to journalists Thursday in Abuja after an intensive border and port survey by the association.

The RIPAN boss also said that at present, about half a million metric tonnes of the commodity have already been booked in Thailand for onward journey to Nigeria preparatory to the Christmas season.

This, according to the chairman, would no doubt have a ripple effect on rice processors in the country as their activities would be hampered if this impending illegal importation is not checked with the attendant colossal loss of over $400 million. 

According to him, the closure of the Nigerian Benin Republic border would go a long way to curb the menace of rice smuggling so that local producers would have a breather, adding that the association supports the current border closure by the government.

Economic Confidential recalls early this year when RIPAN cried out to the federal government that despite concrete and visible interventions of the Central Bank of Nigeria (CBN) via the Anchors Borrowers Programme (ABP) on the rice sub-sector of the Nigerian economy, over 70 percent of rice in Nigeria markets remain foreign or imported.

RIPAN and other stakeholders had in a three-week survey on the rice market across the six geopolitical zones in the country observed that foreign rice such as Mama Gold, Royal Stallion, Rice Master, Caprice, Falcon Rice and Basmati are sold alongside Nigerian rice.

He said his association joins other stakeholders in the rice subsector, namely, Rice Farmers Association of Nigeria (RIFAN), in commending the central bank of Nigeria (CBN) for the timely intervention and banning of rice since 2015, a development that has seen growth in local production of rice and serious saving of foreign exchange.

He commended the Nigeria Customs Service (NCS) for its current and rigorous fight against smuggling of the commodity and enjoined the various security agencies who are mandated by the current directive to raise the bar of the fight to check the various porous borders. (PRNigeria)

Source News Express

Posted 30/08/2019 05:59:53 AM

 

 

CLASSIFIED ADS

 

You may also like...
Why I want to be Lagos Governor —...

DSS arraigns two INEC officials for allegedly stealing,...

Electricity supply improves in Ebonyi as new 11KV...

GOC declares Python Dance 2, Crocodile Smile 2...

12 states effect huge expenditure increases despite economic...

Full list of BET ‘Hip Hop Awards’ 2019...

El-Rufai declares state of emergency in the education...

Britain to use space technology to fight cancer...

Justin Bieber’s testicle puts nurse in trouble

Bosso Killings: Niger Governor directs release of suspects...

Ebonyi Govt to publish names of identified cultists...

UN wants more money for water, sanitation in...

 

Latest News BREAKING: Oshiomhole gets ultimatum to resign as APC chairman Why I am confident of a second term 5,000 Boko Haram terrorists in military’s net — Buratai Noise pollution: Lagos threatens to close down mosques, churches, others Expel Obaseki, Edo APC LG Chairmen tell Party’s National Leadership Kogi Polls: Armed thugs to be shot on sight, IGP warns Outrage over proposed death sentence for hate speech Why kidnapping is rampant in Kuje — Residents Court Ruling: Secondus demands disqualification of Bayelsa governorship candidate School Principal killed in Taraba ambush We will fight FG to finish on IPPIS ― ASUU Unpaid Salaries: 500 teachers protest, block Cross River Governor’s Office

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,706 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,798 views) Shameless Genevieve Nnaji exposes breasts in public (400,757 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,816 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,148 views) 10 cars more expensive than Jets (279,460 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,497 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,607 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,110 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,429 views) Lagos plane crash: Journalist releases victims’ names (201,095 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,886 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,564) Business Verdict (86) Columnists (1,142) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (702) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,198) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (481) News (53,894) Opinion (1,418) Pidgin (17) Politics (11,700) Religion (1,118) Sports (2,221) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera