Business
Association Alleges Plan To Flood Nigeria With Rice
The Rice Importers,
Millers and Distributors Association of Nigeria (RIMDAN) has raised alarm over Benin Republic’s plan to flood Nigeria with 350,000 tonnes of rice in December.
Mr Tunji Owoeye, the President of RIMDAN, told journalists in Lagos that unscrupulous importers have stockedpiled parboiled rice in Benin Republic.
“They plan to smuggle the commodity to Nigeria for the Christmas festival.”
Owoeye said that the increase in rice tariff had put the smugglers at an advantage over the genuine importers in Nigeria.
The RIMDAN chief urged the Federal Government to take the necessary steps to prevent the commodity from being smuggled into the country.
“As I speak now, more than four vessels carrying parboiled rice will berth in Cotonou, the Benin capital.
“The country has imported more than two million tonnes of parboiled rice.
“Ironically, the average Beninoise does not eat rice but such commodity is destined for Nigeria,” the president said.
According to him, the smuggling of rice costs Nigeria is estimated two billion dollars daily.
“They ship large consignments of parboiled rice into Benin Republic and Cameroon, but we know that the commodity is destined for Nigerian markets.
“It is sad that the government has not taken note of that.”
Owoeye also urged the Federal Government to sanction Nigerian importers who indulged in smuggling business.
He said that while the local rice producers were working hard to support government’s policy that encourages self-sufficiency in rice production, some importers still engaged in smuggling.
“This practice is denying the country of the much needed revenue.’’
He noted that smuggling through Benin, Niger, Cameroon and the incentives for the local rice farmers and processors as well as parity of tariffs with ECOWAS continued to pose serious challenges for genuine rice importers.
Owoeye said that the neighbouring countries were taking advantage of the disconnect in Nigeria’s rice policy to exploit the country.
Business
Association Woos Govt, Coys On Boat Operators Employments
Business
FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters
Business
NIWA Harps On Avoidance Of Leaking Boats
-
Nation2 days ago
Asarama Kingdom Condemns Gruesome Murder of A Commercial Vehicle Driver
-
Rivers2 days ago
Monarch Raises Alarm Over Defamatory Politics … Urges For Unity In Ogoni
-
News2 days ago
Nigeria, Ethiopia Seal Agreement To Transfer 100 Nigerian Prisoners
-
News2 days ago
Nigeria No Longer Safe For Drug Cartels – Marwa
-
News2 days ago
Xenophobia: 268 Nigerian Returnees Arrive In Lagos From S’Africa
-
News2 days agoFG Declares Today Public Holiday To Mark Democracy Day
-
Women2 days ago
Nigerian Women And Dividends Of Democracy
-
Business2 days ago
FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters
