• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

  • Fact-Check
  • Economy
    • FG, States, LGs Share N2.225trn Revenue for August – FAAC

      Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review

      Members Board of Directors of Dangote Refinery

      Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

  • National
    • Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

      NAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in Borno

      FG, States, LGs Share N2.225trn Revenue for August – FAAC

      Tinubu Lifts State of Emergency in Rivers, Reinstates Fubara, Legislators

      Crowned Prince Salman of Saudi Arabia

      Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

    • Government
      • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security…

        Kano’s Corruption Storm: A Test of Media Ethics and Public Relations…

        Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

        FG, States, LGs Share N2.225trn Revenue for August – FAAC

        ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

  • Security
    • NDLEA Logo

      NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in…

      Police Officer

      Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms

      Troops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover Weapons

      NAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in Borno

      ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

  • Features
    • Kano’s Corruption Storm: A Test of Media Ethics and Public Relations…

      Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

      A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity By Senator Iroegbu

      A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity

      Engr. Suleiman Bolakale Kawu Agaka

      Engr. Kawu: A Heroic Homecoming for a Man of the People…

  • State
    • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security…

      NDLEA Logo

      NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in…

      Police Officer

      Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms

      Kano’s Corruption Storm: A Test of Media Ethics and Public Relations…

      ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

  • Event
    • Chairman NAHCON Professor Abdullahi Saleh Usman meets with Katsina State Governor Dikko Radda

      NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments,…

      Flier for the programs that happened for the elderly by members of BUKAA FCT

      BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises

      Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

    • PR Nigeria Award
  • E-Paper
Home National Foreign Rice in Nigerian Markets now at 37% -Report
  • National
  • Security

Foreign Rice in Nigerian Markets now at 37% -Report

By
Prnigeria
-
January 19, 2020
imported rice
imported rice

Foreign Rice in Nigerian Markets now at 37% -Report

The interventions of the Nigerian Customs Service (NCS) through the partial border closure against smuggling and Central Bank of Nigeria (CBN) via the AnchorsBorrowers Programme (ABP) on the rice sub-sector of the Nigerian economy, have drastically reduced foreign rice prevalence in the Nigerian markets, bringing the figure to 37%, Economic Confidential can report.

Recall that Economic Confidential conducted a 3-week survey on foreign rice imports and smuggling in April last year to the effect that over 70 percent of rice in the Nigerian market were foreign. The report prompted further actions by various agencies of government (Over 70% of Rice in Nigerian Markets are Foreign- Investigations …. Customs, CBN React: https://economicconfidential.com/2019/04/rice-nigerian-markets-foreign/)

In the latest one month survey on the rice market across the six geopolitical zones in the country, the economic intelligence magazine observed that foreign rice such as Mama Gold, Royal Stallion, Rice Master, Caprice, Falcon Rice and Basmati have reduced almost have of the last year figure and thinning out due to the activities of the Nigerian Customs Service(NCS) in partnership with the task force set up by the Office of the National Security Adviser (ONSA).

In the survey and investigations carried out, Nigerian rice namely: Umza and Fursa Crown from Kano, Mama Happy from Niger, Labana Rice from Kebbi, Olam Rice from Nasarawa, Abakaliki Rice from Ebonyi, Ofada Rice from Ogun State, Swomen Dama from Plateau, Lake Rice of Lagos/Kebbi States among others have dominated the Nigerian Rice markets.

The Nigeria Customs Service (NCS) and stakeholders in the rice subsector have reacted to the latest report.

Stakeholders in the rice subsector, namely, Rice Farmers Association of Nigeria (RIFAN), Rice Millers Association of Nigeria (RIMAN) and Rice Processors Association of Nigeria (RIPAN) however gave kudos to the apex bank for the timely intervention and banning of rice since 2015, and the combined task force, a development that has seen growth in local production of rice and serious savings of foreign exchange.

The stakeholders in separate interviews attributed the current success level on the political will of the Buhari administration to tackle the menace headlong, the cooperation of the stakeholders to give adequate and timely information of smugglers and their activities to the task force team and the encouraging raids on various warehouses by the Nigerian Customs Service which led to serious seizures and reduction of foreign rice to the present level.

As part of efforts to reach different markets across the six geopolitical zones of the country, the investigative team of Economic Confidential spread its dragnet to Utako Market, Abuja; Terminus Market Jos; Mile 3 Market Port-Harcourt;, Main Market, Onitsha; Ogbete Market in Enugu, G-Cappa Market, Lagos, Jimeta Main Market, Yola and Singer Market Kano.

On-the-spot checks by this intelligence magazine show the dominance of local rice in these markets by merchants who however admitted that profits coming from foreign rice far out-weigh the local rice, just as the majority of those interviewed believed local rice has more nutritional value.

Read Also:

  • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security Votes
  • NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in Kano
  • Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms

The dealers buy local rice at about N14,000 per 50kg bag, while they sell it, customers, for between N16,500 to N18, 000. The same merchants hitherto pay about N15,000 for the smuggled foreign rice and sell to consumers between N22,500 and N25,000 per bag.

Speaking on the gradual disappearance of smuggled foreign rice, Mrs. Angela Okafor, a rice distributor at Ogbete market in Enugu said: “My brother, let me tell you that Customs are everywhere ooh. I can’t even tell whether you are one of them. But as you can see, go inside and check, no more foreign rice in my shop. You can see only Nigerian rice here. And I am making profit.”

Ahmed Sule, a merchant in Singer Market Kano said: “There is more market and profit for us in foreign rice, because it’s cheaper, but government and customs have removed foreign rice from the market and only local rice I am trading in now”

Mrs. Okafor earlier interviewed said. ‘tell them to bring the cost of local rice down” she pleaded.

Another rice merchant, Hajia Rilwanu in Utako Market, Abuja, noted that “I try as much as possible to buy foreign rice, but they are scarce and so I rely on Nigeria rice now because customs personnel are everywhere watching. I don’t want wahala. Check inside you can see only local rice in my shop.”

The same goes for Terminus Market Jos, Mile 3 Market Port-Harcourt, Main Market, Onitsha.

The rice traders in separate interviews attributed the decline of rice smuggling to the border closure and frequent raids by Customs service in collaboration with sister security agencies.

When contacted for his comments on the level of foreign rice prevalence in the Nigerian markets, the CBN Director of Corporate Communications, Mr Isaac Okorafor said stakeholders in the rice value chain are smiling to the banks and if you visit the markets,

Okoroafor noted that the volume of rice importation into the country had drastically declined as the CBN had not allocated any foreign exchange for the importation while there had been a massive production of high-quality Nigeria’s rice in most of the states.

Also speaking in the same vein, the spokesperson of the Nigeria Customs Service, Joseph Attah said the rice farmers, millers and processors and daily smiling to the banks.

“The partial border closure by the federal government has boosted the local capacity in massive Nigeria rice production, creating job opportunities and generating huge revenue to the national coffer.

The border the closure has also addressed the challenging issue of trans-border crime and criminalities fuelled by non-compliance with ECOWAS Protocol on the transit of goods by neighbouring countries.

“All our warehouses and available places are filled up with seized smuggled rice. In fact, the federal government recently gave a directive that rice and other relief materials in the warehouses should be distributed to orphanages and Internally Displaced People Camps to address the plights of the victims as well as to free the warehouses”, he said.

The National Chairman of Rice Processors Association of Nigeria (RIPAN), Alhaji Mohammed Abubakar Maifata said the percentage of foreign rice smuggled into the country through land borders have reduced drastically and will definitely hit the zero level.

“I can confidently tell you that the level of smuggling foreign rice will soon come down to a zero level”.

“In general, this has helped our local processing industry to work at full capacity and the farmers are able to sell all that they produce, and this has encouraged many more farmers to join rice farming”, he said.

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Border Closure
  • CBN
  • Foreign Rice
Previous articleVideo: NAF Acquires Brand New Agusta Attack Helicopters
Next articleNCBN: Customs Broadcasting Network will Revolutionize Media industry, Create Jobs- Engr Jerry Wesley
Prnigeria
Prnigeria
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

NDLEA Logo

NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in Kano

Police Officer

Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms

Troops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover Weapons

Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

NAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in Borno

FG, States, LGs Share N2.225trn Revenue for August – FAAC

ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

Police Officer

Kaduna Police Arrest Two Suspects Over Illegal Possession of Firearms

Tinubu Lifts State of Emergency in Rivers, Reinstates Fubara, Legislators

Nigeria’s Minister of Defence, Mohammed Badaru Abubakar,meets with Security Leaders in Beijing

Badaru Joins Global Leaders at Beijing Forum on Peace, Security

Crowned Prince Salman of Saudi Arabia

Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

Military Troops in Action

Troops Ambush Bandits in Plateau, Neutralise One 

Recent Posts

  • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security Votes
  • NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in Kano
  • Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms
  • Kano’s Corruption Storm: A Test of Media Ethics and Public Relations By Umar Babangida
  • Troops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover Weapons
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security VotesNDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in KanoImo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover ArmsKano’s Corruption Storm: A Test of Media Ethics and Public Relations By Umar BabangidaTroops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover WeaponsSowore vs DSS: Free Speech or Defamation? By Mohammed Bego AbdullahiNAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in BornoFG, States, LGs Share N2.225trn Revenue for August – FAACICPC Secures Six-Year Jail Term for Sokoto River Basin DirectorNAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier ExerciseKaduna Police Arrest Two Suspects Over Illegal Possession of FirearmsTinubu Lifts State of Emergency in Rivers, Reinstates Fubara, LegislatorsBadaru Joins Global Leaders at Beijing Forum on Peace, SecuritySaudi Frees Nigerian Pilgrims Framed by Drug SyndicateTroops Ambush Bandits in Plateau, Neutralise One 
X whatsapp