Col. Hameed Ali (rtd) orders removal of rice from import restriction list....

NIGERIA- 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 with the News Agency of Nigeria (NAN) on Wednesday in Abuja.

He said that 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.

Stallion to produce 1.5m tons of rice

Stallion Group, one of the companies with investment in the Nigerian rice industry said it had intensified efforts in expanding its operations in the country’s fully integrated rice value chain.

 

The company in a press statement stated that it was leveraging on the policy impetus provided by the federal government’s agricultural transformation agenda, and had already increased the local production to 430,000 metric tonnes per annum.

Thin imports from Nigeria, others stabilise Asian rice prices

Asian rice prices were little changed this week, with export demand sluggish and Thai mills on an extended holiday, traders said on Thursday.