Notifications
Clear all

THE BAN ON THE IMPORTATION OF RICE: AN AVENUE FOR INDIGENOUS RICE MANUFACTURERS TO THRIVE  


nicole
Posts: 16
Registered
(@nicole)
Active Member
Joined: 1 year ago

Rice

I was just going through the Central bank of Nigeria list of items not eligible for forex exchange just to educate myself a little this evening as the saying goes that you start dying when you stop learning and was shocked to find out that rice top the list. Well, I know that we all love rice but like is an understatement here but for it to top the chart means a lot here. So this makes me dig further as to why and I was shocked by the amount of rice imported into the country or should I said the amount of money used to import it.

Nigeria imported 3million metric tonnes of rice in 2018 and our total budget for 2019 is expected to jump to 3.4million metric tonnes in 2019 which will make us the second-largest importer of rice after China. You may not easily grasp the implications of this data but let me break it down for you in terms of revenues flowing out of the country by showing you how much is spent by Nigeria annually on the importation of this commodity it can and is actually producing

Nigeria spends an average of N599 billion Naira on the importation of this particular commodity and a total of N7.92 trillion on the importation of food items, rice inclusive.

Now Nigeria produces rice, which I have been opportune to see and taste if you ask an average Nigeria about their local rice, the first name that will jump into their head is “OFADA RICE” with all the attendant stones and debris. Well, that is just one of the varieties of rice grown and milled in Nigeria. There are so many varieties and some that can easily pass for foreign rice because they are so neat and without stones.

So imagine this large amount of money we spent on importation of rice and some other commodities that the agricultural sector had been producing before and can still produce staying in the economy of Nigeria, won’t that be a big boost to the Nation in terms of development. Imagine how many roads N1 trillion naira can construct.

And am sorry to say that the first 5 or 6 items on the list excluding the second items are all agricultural products that Nigerians can produce. why am particular about rice is that it is a commodity that seems to generate a lot of controversies because it is the most commonly seized goods apart from frozen poultry products across the Nigerian border.

Of recent, customs officials have started entering into the local market to inspect shops and seize any foreign rice found in the shop.

The major problems facing the local rice producer is majorly the  lack of modern machines  and the power to process their products to the international standards like that of the foreign rice and when they do this on their own, the price of their product will be higher than that of their foreign counterpart who will have the advantage of a lower price on his side.

On a final note, Nigerians should also try to do away with their taste for foreign rice or foreign foods so that our local farmers can have the trillions we are spending on foreign farmers.

 

 

 

 
Reply
3 Replies
oluwaseyi
Posts: 13
Registered
(@oluwaseyi)
Active Member
Joined: 1 year ago

The money used to import into Nigeria is a colossal waste to us, especially agricultural products. God has so much blessed the country with an expanse of arable lands and thats the main reason that makes us really on the foreign exchange earned from agriculture alone before oil was discovered in this country. If you are to compare the achievements made with the revenue gotten from agricultural export then to the achievement made by the oil export, you will notice a difference. It is time Nigeria wakes up from its slumber.

Reply
abamntami
Posts: 6
Registered
(@abamntami)
Active Member
Joined: 1 year ago

I support what the presidency is doing on the stoping of importation of agricultural products into this Nigeria because it will save this country a lot of forex and also create an avenue for the local farmers to make serious money but the government will have to be very serious about helping the local farmers to have access to everything that will make his product marketable to the consumers, imagine that most of the places that are producing these agricultural products don’t even have motorable roads, so if you ask me, how will they connect to their buyers in the major city? The government has serious work to do to make this work, not just closing the borders, it goes beyond that Mr. President.

Reply
john
Posts: 5
 john
Registered
(@john)
Active Member
Joined: 1 year ago

Thank you Mr, President for stopping the inflow of all these goods we are very good at producing, I will very soon venture into agricultural business, the next thing I am looking forward to are loans for someone to start but I would prefer a grant if available.

Reply