Comments

Slider

Search This Blog

Blog Archive

Recent Posts

Ad Home

Comments

Business

Life & style

Random Posts

Recent Posts

Recent in Sports

Header Ads

ads header

Text Widget

Text Widget

Follow Us

Random News

Nigeria had saved N288 billion ($800 million) in Rice Export

Contrary to the Bank of Agriculture (BOA)’s claim that Nigeria had saved N288 billion ($800 million) from rice imports, there are indication...

Contrary to the Bank of Agriculture (BOA)’s claim that Nigeria had saved N288 billion ($800 million) from rice imports, there are indications that the country has spent N828 billion ($2.3 billion) importing the grain between 2017 and August, 2018, New Telegraph has learnt.


The bank had earlier stated that the Federal Government had succeeded in encouraging local production through its assistance to farmers.
According to the bank’s Executive Director, Finance and Risk Management, Niyi Akenzua, BoA had disbursed N150 billion to assist farmers between 2017 and 2018.
He noted in Lagos that farmers received N100 billion last year, while a total of N50 billion had been disbursed this year out of the N250 billion earmarked by the Central Bank of Nigeria (CBN)’s intervention scheme.
However, import data from a global trade portal, Index Mundi, revealed that the country had imported some 5.6 million tons so far, between 2017 and 2018 at a global price of $410 per ton despite the ban imposed on the importation of the grain through the land borders.
The trade portal noted that local production had been statistic since 2015, leaving a room for more importation through the neighbouring port.
Besides, it revealed that Nigerian milled rice production had remained at 3.78 million in the last two years.
Instead of downward reduction in the 2.1 million tons recorded in 2015, this newspaper gathered that last August, Nigeria imported three million tons of the grain.
Also, it was learnt that 2.6 million tons of the grain were imported in 2017, while domestic consumption had climbed to 6.9 milliuon tons as at last August from 6.4 million tons in 2015.
Last year, it would be recalled that the Nigeria Customs Service (NCS) said that some tons of rice valued at N597.7 billion were seized between January and August 2016.
It was also said that 497,279 bags of imported rice were confiscated from smugglers between 2015 and August, 2017 with a Duty Paid Value (DPV) of N3.8 billion.
Its Comptroller-General, Col. Hammed Ali (rtd), said that 90,073 bags of rice were seized in 2015 with DPV of N693 million, while 280,109 bags of rice were impounded in 2016 with DPV of N2.156 billion.
Also, he said that in the first eight months of 2017, some 127,097 bags of rice were seized with DPV of N978 million.
Ali added that four enterprises registered with Tinapa Free Trade Zone (FTZ) Calabar in Cross River State syndicated the importation of 533 containers of rice last year.
Worried by the spate of rice smuggling, the NCS Public Relations Officer, Ogun State Command, Abdullahi Maiwada, told this newspaper that the command had been proactive in fighting rice smuggling.
Maiwada attributed the rise in smuggling activities to the porous nature of the nation’s borders.
According to him, smugglers were creating unemployment in their own country and creating jobs in foreign countries as a result of their activities.
The spokesman added that the service had interfaced with traditional rulers to dissuade people in their domains from smuggling, saying many were reluctant to quit the illegal business.
He said: “Our approach is carrot and stick. We sensitise and educate. We have a school in Idiroko, which is meant for host communities so that their wards should go back to school; schooling is the best and you cannot compare it with smuggling.
He said: “Our borders are indeed porous. We have the creeks; we have so many outlets that lead to Benin Republic within Ogun. We use our little resources in order to man the borders. Although there may be some shortcomings, we are doing our best.”



DISCLAIMER : jomotv.com do not claim ownership of any of the Songs OR News that we upload or post, and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! If You Feel Your Rights Are Being Infringed Upon, Email Us : jomotvonline.com@gmail.com Promote Your Music, Video, Comedy Skit Here On JomoTv.com whatsapp:- +2348109403485 or call: +2347016093180

COMMENTS

Name

(STDs),1,#Abrahamovic,1,#BAAD2017,1,#Bas,1,#BBNaija,11,#Chelseafc #Roman,1,#Icarus,1,#Liverpool,1,2Baba,2,5 Health Benefits Of Sleeping Regularly,1,8.1Windows 10,2,About Us,1,accident,1,Achi Daniel,1,Actress,3,Adekunle Gold,1,Adesuwa Etomi,1,Advertise,12,Afghanistan,1,Akindele,1,Akwa Ibom,1,Alex,1,Ambode,2,Anambra Election,1,Annie Idibia,1,Antivirus,1,APC,10,APGA,2,Apps,1,Atiku Abubakar,2,Avast,1,Ayo Fayose Jomo Pictures,1,baby,1,Banky W,1,Banky W And Adesuwa Etomi,1,Bas - Milky Way,1,basketmouth,1,Biafra,3,Big Brother Naija Double Wahala,1,Biola Ige,1,Blogger Tips,2,Bobrisky,1,Breaking News,21,breast feed,1,Buhari,6,Buhari returns,1,Bukoka Saraki,2,Bukola Saraki,2,Business,1,Business & Finance,1,Cameroon,1,CDQ,1,Cebi,1,Cee-c,2,Celeb Gists,1,Celebrity,2,Celebrity Gist,4,Celebrity Gists,54,Celebrity news,4,Champions league,2,Charles d sharp guy,1,child,1,Chioma,2,Christabel Ekeh,2,Comedy,2,console,1,Contact Us,1,Content Creation,1,CR7,1,Cristiano Ronaldo,2,Dana air,1,Daniel k daniel,1,Dapchi Attack,1,Davido,9,Davido infinix,1,Davido Reacts To Fight Wizkid,1,Dead,1,Diddy,1,disclaimer,1,Disclainer,1,distressed,1,Dj Cuppy,1,dj integrity,1,Dj Olu,2,domestic violence,1,Donald Trump,2,Download,3,downloadmusic,1,Downloads,1,Drake,1,Duncan Mighty,1,E-Money,1,Ebuka,1,Economy,1,Edible Herbs LTD,2,Editorial,2,Editorials,1,Edo State,1,Education,5,Efcc,1,Election,2,Elite Banking,1,Elite Experiences,1,Entertainment,16,Entertainment News,84,Entertainments,16,Enugu,1,erbal Remedy,1,Eucharia,1,Everton,1,Experience 12 2017,1,FA,1,facebook,27,Family,1,Female Fertility,2,Fertility,1,Florida,1,Football,1,Foreign News,16,Francis Emepueaku,1,FRSC,1,ft,1,Future Award 2017,1,Gallery,15,Georgia Rodríguez,1,Ghana,2,Good Samaritan,1,Google,1,Google+,13,Gosiip,1,GospelOnDeBeatz,1,Gossip,40,Gossips,22,Gossips Wizkid and Davido fights,1,Governors,1,Guinness Book of Record,1,Guy,1,Health,6,Health & Beautiful,2,Health & Beauty,2,Health Care,8,Help,4,Herbs,1,Huddah Monroe,1,IGP,1,Iheanacho,1,image,1,Imo state,1,Infertility,5,Inspiration,1,Instagram,12,IPOB,1,IPOB protesters banner,1,Jada pollock,1,John cena Foreign News,1,John Terry – Aston Villa,1,Jokes,4,Jomo,1,jomo pictures,7,jomo TV,15,Jomo Tv News,30,JomoTv Lyrics,2,Jomotv News,3,Jomotvmusic,2,Jordan Ayew,1,Jrue /fomo,1,K Brule,1,Kenny Black,1,kenya man,1,Kim Kardashian,1,Koffi Annan,2,Koffi annan dead,1,Koffi Annan is Dead,1,Lai Muhamed,1,Laliga,2,lawmaker,1,Learn,1,legendary,1,Lifestyle,8,Lilian Esoro,1,Lionel Messi,1,Local nees,1,Local News,17,Logo,2,Love,2,Lyrics,3,MALEEK BERRY – GIMME LIFE,1,Man and Woman,1,Masturbation,1,Mauro Icardi – Inter Milan,1,Medicines,1,Meghan Markle,1,Mexico,1,Michael Ballack – Retired,1,miracle,1,miracle wins BBNaija double Wahala 2018,1,Missing Schoolgirls,1,Mo Salah,1,MOBO awards,1,MOBO awards 2017,1,monalisa chinda,1,Monkey pox,1,mother care,1,Mother's love,1,Movies,1,Mr P,1,Muna Obiekwe"😭,1,Music,23,Music Videos,1,My Experience With A Married Man I Met On Facebook – Young...,1,Naked Naked pictures,2,Natural remedies,1,Natural Remedy,2,Nero 9 free download,1,nes,1,NET Framework 3.5,1,News,187,Neymar,1,NIA,1,Nicki Minaj,1,Nickki minaj,1,Nigeria,2,Nigerian Music,2,Nike,1,Nina,2,Nnamdi Kanu,2,NNPC,1,nolly pictures,2,Nollywood,6,Nude pictures,1,OJOTA,1,Okezie Ikpeazu,1,Omotola,1,one African fest.,1,Orji Uzor Kalu,1,Ozil,1,P.V.C,1,Pastor,1,Patoranking,1,Paul Okoye,1,PDP,7,PDP Convention Port Harcourt,1,Peter Okoye,1,petroleum,1,Phino,1,Photos,41,Police,1,Politics,64,Premiere League Top Goal Scorer,1,President,1,Pretty Mike acquires brand new Bentley GT,1,Prince Harry,1,Products,17,Promo,1,PSG,1,psquare,2,Psquare celebrates their birthdays,1,Radio,1,Rape,1,rapper,1,Ras kimono,1,Real Madrio,1,Regina Daniel,1,Relationship,6,Relationships,4,Religion,4,Republican Of Arizona,1,Rice Exchange,1,Rich Man buried his father in a 32m naira bmw Jeep,1,S,1,SA,1,Sad News,1,Sanwo Olu,1,Sars,2,Sauce,1,Segun Fayose calls brother to order,1,Senate,1,Sexually,1,Share this,3,Shop,8,shot dead,1,Simi,1,Skye Bank,1,Social,1,Software,1,Sorts News,1,Spanish,1,Sports,21,Sports news,6,Starboy,1,STD,3,Strike,1,surulere,1,Tambuwal Aminu,1,Tech,9,Teenage girls drown,1,Tekno,1,th Benefits Of Sleeping Regularly,1,Thibaut Courtois – Chelsea,1,throw back pictures,1,Tinubu,1,Tiwa Savage,3,Tobi,3,Tonto Dikeh,1,Top 10 Richest Footballers In The World,1,Top 10 Richest Yoruba actors and actresses,1,Tourism,1,Traditional Wedding,1,Trafic,1,transmitted diseases,1,Travel,1,Treasure,1,Treatment,1,Trump,1,Tucano Aircraft,1,Tutorial,4,Tutorials,7,Tv,8,Twins,1,Twitter,11,U.S.,1,UN,2,Union Bank,1,United Nation,1,Update,3,updates,3,US,1,US Senate,1,USA,1,Van Vicker,1,Vekto,1,Video,1,Videos,5,Viral,21,VP Osibanjo,1,Waga g,1,whatsapp,12,wife stabbed Husband to death,2,Windows 10,1,Windows 7Windows,3,Windows 8.1,1,Windows Tutorials,1,Wizkid,10,Woman jump into The lagoon 3rd mainland Bridge,1,www.facebook.com/jomotv,12,www.facebook.com/jomotvonline/,1,XXXtentacion,1,Yahoo Plus,1,Youtube,1,Zaron Cosmetics,1,
ltr
item
Jomo Tv: Nigeria had saved N288 billion ($800 million) in Rice Export
Nigeria had saved N288 billion ($800 million) in Rice Export
http://img2.transcoder.opera.com/assets/v2/2e51e61353abfdf8ba7e1483d9663dfd?source=nlp&quality=uhq&format=webp
Jomo Tv
https://jomotvonline.blogspot.com/2018/09/nigeria-had-saved-n288-billion-800.html
https://jomotvonline.blogspot.com/
https://jomotvonline.blogspot.com/
https://jomotvonline.blogspot.com/2018/09/nigeria-had-saved-n288-billion-800.html
true
8572122290179252125
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy