Business
Rice Importation: Reactions Trail FG’s Plan To Reduce Tariff

L-R: Vice President, Nigeria-Sierra Leone Chamber of Commerce (NSCC), Chief Biodun Adeniji, High Commissioner of Sierra Leone to Nigeria, Amb. Henry Macauley and Sierra Leonean Minister of Trade and Industry, Alhaji Usman Kamara, at the 2014 Investors Outreach in Lagos, last Wednesday.
The President of National Association Nigerian Traders (NANT), Mr Ken Ukuoha, has expressed displeasure over Federal Government’s plan to reduce tariff on rice importation, saying it would affect the economy negatively.
Ukuoha made his feelings known in an interview with newsmen in Abuja on Thursday.
He contended that the essence of the extant 100 per cent tariff on importation of the commodity was to strengthen the capacity of local producers and encourage its consumption.
He suggested that instead of reducing the tariff, the government should strengthen the capacity of Customs Service to curb smuggling.
He held that if implemented, the reduction would have negative effect on the transformation and development of the agricultural sector.
The NANT’s president added that the step would also have adverse effect on local farmers, who had already invested much funds to increase their production capacities.
“The decision will certainly have negative impact on the agricultural transformation agenda, because rice is one of the five produce in the value chain and I’m not comfortable with that.
“People are saying the high tariff brought about high smuggling of rice into the country.
“I think we should strengthen the capacity of the Customs to fight smuggling because if they are adequately empowered, smuggling will not be an issue”, he said.
In his reaction, the Country Director, Action Aid Nigeria, Dr Hussaini Abdu, hailed the plan to reduce the tariff.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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