LeviTodaY: price of rice
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Showing posts with label price of rice. Show all posts
Showing posts with label price of rice. Show all posts

Customs Lifts Restriction On Rice Import Through Borders


The Comptroller-General of Customs, Col. Hameed Ali (rtd), has ordered the immediate removal of rice from import restriction list and the re-introduction of import duty payment at land borders.

The Public Relations Officer of customs, Mr Wale Adeniyi, made this known in an interview in Abuja.

He said the restriction was only applied at land border stations before now, adding that the customs boss had lifted restriction on rice at border stations.

Adeniyi said that all rice imports through land borders by rice traders would attract the prevailing import duty of 10 per cent with 60 per cent levy.

He added that rice millers (preferential levy) with valid quota allocation would also attract duty rate of 10 per cent with 20 per cent levy on rice importation.

“Over the years importation has been restricted to the seaports because border authorities have found it difficult to effectively monitor and control importation of rice.

“When the decision to ban it (rice) was taken it was not an effective measure because smuggling of the product thrives with people using different means of conveyance including small trucks, bicycles and even animals – putting them on donkeys and some actually carry it on their heads.

“These new measures will be for customs to re-organise their anti-smuggling operations in the border areas and ensure that all those importers through the borders bring their rice through approved routes and pay their extant duty.”

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Bag Of Rice Could Be N40,000 By December- Minister


If Nigeria fails to start producing rice, by December 2016, the price of a bag of rice could be N40,000, says the Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri.

Lokpobiri, who made this known at a town hall meeting in Yenagoa, Bayelsa State, Saturday, said that Nigeria spends about $22bn a year on importation of food into the country.

He said, “For your information, we spend about $22bn a year importing food into Nigeria. We know how many more dollars they bought and that is why you see the price of rice going up.

“Price of rice was may be N12,000 some months ago, but it is now about N26,000 and if we don’t start producing, by December it could be N40,000.

“Rice matures in three months. So, this is a wake up call for Bayelsa people to take the four farms we have seriously. The federal government has four farms in the state in our records.

The average land you see in Bayelsa can grow rice, so the colonial masters were not wrong in their assessment when they said Niger Delta could feed not only Nigerian but also the entire West Africa sub-region.

“Unfortunately, agriculture till today, is not a priority of the Niger Delta as far as the state governments are concerned because of oil.”

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