The Governor of Central Bank of Nigeria, Godwin Emefiele, on Monday said that the nation’s land borders would remain closed until neighbouring countries agree to implement mutual anti-smuggling policies.
Emefiele said this after he met with President Muhammadu Buhari in Aso Rock.
The PUNCH reports that Nigeria had closed its land borders since August, in order to curb smuggling of goods into the country.
Emefiele told State House correspondents after the closed-door meeting that Nigerian rice and poultry farmers have particularly benefitted from the border closure.
He said they (farmers) have been able to sell off accumulated produce, hitherto hindered by illegal importation and smuggling of the items into the country.
The CBN governor said “In November 2015 President Muhammadu Buhari, the CBN and some state governors went to Kebbi State to launch the Wet Season Rice Farming. Since then, we have seen an astronomical growth in the number of farmers who have been going into rice farming and our paddy production has gone up also quite exponentially.
“Between 2015 and also now, we have also seen an astronomical rise in the number of companies, corporate and individuals that are setting up mills, integrated mills and even small mills in various areas.
“We have been embarking on a programme where we are saying if you are involved in the business of smuggling or dumping of rice in the country, we close your account in the banking industry. And that is very effective.
“Recently, and this is the absolute truth, about two weeks before the border closure, the chairman of the Rice Processors Association – incidentally, he owns Umza Rice in Kano – called me and said that all the rice millers and processors are carrying in their warehouses nothing less than 25,000 metric tons of milled rice.
“This rice has been unsold because of the smuggling and dumping of rice through Republic of Benin and other border posts that we have in the country and that he would want us to do something about it.
“Secondly, we also have members of the Poultry Association of Nigeria who complained that they have thousands of crates of eggs that they could not sell; even some of the processed chickens that they could not sell, also arising from smuggling and dumping of poultry products into Nigeria.
“A week after the borders were closed, the same rice millers association called to tell us that all the rice that they had in their warehouses have all been sold.”
- PHOTO NEWS: Lawan, Saraki, others at Gov Udom Emmanuel father’s burial
- Omo-Agege tasks Police, Army on killings in Delta communities
- (no title)
- Gbenga Power Foundation distributes salt-lick to Fulani herders in Kwara
- Borno governor set to return 120,000 refugees from Niger
- Gov. Bagudu approves deployment of officers to evaluate teachers’ performance
- Nasarawa Permanent Secretary kidnapped
- Douye Diri sworn-in as Bayelsa governor, ex-President Jonathan reacts
- Facts emerge on what happened between Oluwo of Iwo and Agbowu!
- Diri’s residence, Bayelsa radio house attacked by aggrieved youths
News1 month ago
Army approves cigarettes allowance, N20,000 salary increment for soldiers
Education3 months ago
UNILORIN education faculty emerges best in Nigeria
News9 months ago
Sokoto assembly confirms Gov Tambuwal’s 26 comissioner nominees
Politics3 months ago
Breaking… Kwara governor appoints Yinka Aluko S A Special Duties
Politics9 months ago
Breaking…GOV. ABDULRAZAQ APPOINTS COMMITTEE ON REVIEW OF SALES OF GOVT PROPERTY (See full names)
Politics4 months ago
EXPOSED…. Why Kwara Governor wants more women in his cabinet— Ajadi
News9 months ago
Kwara Gov appoints CoS, SSG, CPS
Politics3 months ago
Kwara governor finally pick date to swear-in commissioners