Headlines
Nigeria needs N428.9bn supply of rice to shore up local production capacity
However, statistics by a global trade portal Index Mundi revealed that the country imported 1.8million tonnes or 28 percent of local consumption last year, while local production of the grain dropped by 6.25 percent from 5.04million tonnes to 4.7million tonnes in the period.
The government has been making substantial efforts for a decade to encourage rice cultivation in order to eliminate imports through subsidised loans, cheap fertiliser, free farmland and tax rebates.
Also, the Federal Government had made moves to attract N250 billion investments in rice production following plans to establish an additional 14 rice mills in the country.
However, efforts to boost domestic production have been curtailed by smuggling through the porous borders.
Between January and April 2021, the Federal Operation Unit, Zone A of the Nigeria Customs Service (NCS) in Lagos seized 41,652 bags of 50kilogrammes smuggled parboiled rice from Idiroko and Ipokia in Ogun State and Lagos.
Also in Ogun State, 20,538 bags of rice were intercepted by the service between March and April 2021.
Last year, the Federal Government and the Republic of Benin entered into an agreement in Abuja to end the smuggling of rice.
The agreement was sealed between a delegation from Benin, Rice Farmers Association of Nigeria (RIFAN) and the Chief of Staff to the President, Ibrahim Gambari.
It was gathered that 80 percent of the smuggled grain was imported through Benin as Thailand price stood at $507 per tonne.
Meanwhile, the National Chairman of Rice Processors Association of Nigeria (RIPAN), Alhaji Mohammed Abubakar Maifata has said that smuggling of foreign rice would soon come down to zero levels, while the local rice would fill the gap conveniently if farmers received the necessary support from the government.
He however urged all stakeholders to join in the campaign against the activities of smugglers through advocacy and sensitisation to ensure attitudinal change on the part of the outlaws.
Customs
Tinubu celebrates Adeniyi on his 59th birthday
Headlines
EFCC discovers Yahoo training school in Benin city
-arrests 25 students undergoing training in cybercrimes
Funso OLOJO
The operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, (EFCC) has on Thursday January 16th, 2025, uncovered a Yahoo academy in Benin city, Edo State, where young Nigerians are undergoing training in the act of internet fraud.
During the raid, the anti- graft agency arrested 25 suspected internet fraudsters in the cybercrimes training centre
The suspects’ arrest at their hideout was triggered by credible intelligence that indicated the apartment being used as a yahoo academy or training school for internet-related fraud and other fraudulent activities.
Items recovered from the suspects include six exotic cars, laptops and phones.
The suspects will be charged to court as soon as investigations are concluded.
Customs
Onyeka, Tin Can CAC, set to pursue revenue generation aggressively
— vows to surpass 1 trillion naira revenue record
-
Headlines3 months ago
Immigration arrests Bobrisky at Seme Border as he attempts to flee the country
-
Economy3 months ago
NNPC Retail sensitizes auto mechanics on CNG Adoption, Oleum lubricant range
-
Headlines3 months ago
Tinubu gives October 30th deadline for sacked ministers to exit cabinet
-
Customs3 months ago
Customs gets global recognition for impactful strategic communication campaign
-
Headlines3 months ago
Tantita urges Niger Delta communities to leverage carbon credit for economic prosperity
-
Headlines3 months ago
News Alert: FG removes Uromta Chinyere as acting CRFFN Registrar, appoints Igwe Kingsley Onyekachi as substantive CEO