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Nairaland Forum / Nairaland / General / Business / Customs Removes Ban On Importation Of Rice (52199 Views)
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Customs Removes Ban On Importation Of Rice by paulGrundy(m): 10:42am On Oct 08, 2016 |
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. http://www.dailytrust.com.ng/news/general/customs-removes-rice-from-import-restriction-list-at-land-borders/114013.html 6 Likes 7 Shares
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Re: Customs Removes Ban On Importation Of Rice by LMandela(m): 10:50am On Oct 08, 2016 |
Okay o . Edited: No body tell me say I be FTC fa! choi! . For those that can't go down... Read!: 37 Likes 1 Share |
Re: Customs Removes Ban On Importation Of Rice by Grundig: 6:17pm On Oct 08, 2016 |
I've got mixed feelings about this. But, most importantly, there'd be rice, CHEAP RICE this December. Shouldn't be more than 12k per bag. 25 Likes 3 Shares |
Re: Customs Removes Ban On Importation Of Rice by agabusta: 6:38pm On Oct 08, 2016 |
What now happens to all the efforts to stimulate local production of rice?? Nigeria and policy somersaults eh. Well, some short term advantage will accrue from this: -cheaper rice Long term disadvantages -pressures on naira will continue as people continue sourcing for scarce foreign exchange for rice imports. -if the local production is not well protected and nourished, this new directive can kill off the production. 119 Likes 8 Shares |
Re: Customs Removes Ban On Importation Of Rice by TPAND(f): 6:43pm On Oct 08, 2016 |
Buhari is so inconsistent and disoriented. Just this week, you tighten security at the borders against imported rice via land saying they were harmful for consumption, today you lifting the ban on imported rice by land. Sai Baba is a typical abokiiiiiiii, a pathological no-brainer 225 Likes 14 Shares |
Re: Customs Removes Ban On Importation Of Rice by Nobody: 6:45pm On Oct 08, 2016 |
Gen. Cassandra ma Nigga. 12 Likes 3 Shares |
Re: Customs Removes Ban On Importation Of Rice by Taeewo(m): 6:46pm On Oct 08, 2016 |
Confused 12 Likes |
Re: Customs Removes Ban On Importation Of Rice by agabusta: 6:52pm On Oct 08, 2016 |
TPAND: Abeg keep quiet. You people were the one screaming that his policies drove up the price of rice, now he has agreed to the pampering that the consumerist nation Nigeria wants and you are still wailing 197 Likes 8 Shares |
Re: Customs Removes Ban On Importation Of Rice by uboma(m): 6:54pm On Oct 08, 2016 |
What a clueless government we have! It is a pity that the effects of these useless policies are felt by the ordinary Nigerians. 32 Likes 3 Shares |
Re: Customs Removes Ban On Importation Of Rice by Nobody: 6:58pm On Oct 08, 2016 |
This is the height of cluelessness. What direction is this administration really heading? This way today, that way tomorrow...what happens to encouraging local production? 20 Likes |
Re: Customs Removes Ban On Importation Of Rice by donphilopus: 7:16pm On Oct 08, 2016 |
TPAND: You're the dull@rd here Mr Man. Buhari didn't tighten security at the borders because imported rice were harmful for consumption. What they said was that, as a result of the ban of rice, importers were importing rice with coffins and mixing rice with other harmful substances so they could evade arrest at the border. Try and use your brain next time. You don't just rush to term the President a dull@rd at any given opportunity. 88 Likes 8 Shares |
Re: Customs Removes Ban On Importation Of Rice by TPAND(f): 7:34pm On Oct 08, 2016 |
donphilopus: You are just as smart as Buhari, read the reason you typed there and see if it makes any sense to you. And please that's not the reason security against importation of rice via land was tightened. 72 Likes 5 Shares |
Re: Customs Removes Ban On Importation Of Rice by veekid(m): 7:45pm On Oct 08, 2016 |
Ope oooooooooooo; I need to go to church tomorrow for Thanksgiving; our guy man for aso Rock now don dey reason normal 12 Likes |
Re: Customs Removes Ban On Importation Of Rice by Ishilove: 7:45pm On Oct 08, 2016 |
This government is a piece of work. For generations to come they will be remembered for their incoherent economic policies that leave the common man reeling in confusion and hunger. My own sha is that by Christmas the cost of rice should have fallen to 10k/bag ![]() Yeye dey smell 26 Likes 1 Share |
Re: Customs Removes Ban On Importation Of Rice by chelseabmw(m): 7:45pm On Oct 08, 2016 |
Good development |
Re: Customs Removes Ban On Importation Of Rice by Nobody: 7:46pm On Oct 08, 2016 |
Christmas is just 7weeks from now. Useless actions in the past 4 Likes |
Re: Customs Removes Ban On Importation Of Rice by gurunlocker: 7:46pm On Oct 08, 2016 |
They don see say their change scam don bring hunger to people.... and rice na poor man saviour 1 Like 1 Share |
Re: Customs Removes Ban On Importation Of Rice by Millz404(m): 7:46pm On Oct 08, 2016 |
That is to tell you that there is no serious policy whatsoever towards diversification,they have finally decided its better they lift the ban and collect their own than stressing themselves 6 Likes |
Re: Customs Removes Ban On Importation Of Rice by Nobody: 7:46pm On Oct 08, 2016 |
3 Likes |
Re: Customs Removes Ban On Importation Of Rice by amagunnerfan: 7:46pm On Oct 08, 2016 |
This will be bad for local farmers. |
Re: Customs Removes Ban On Importation Of Rice by chigoizie7(m): 7:46pm On Oct 08, 2016 |
Damn it. Maybe I am the only one seeing this in another angle. 1. Nigerians so much love "IMPORTED GOODS". 2. FG banned the importation of rice. As a result of 2, many people invested in rice businesses ( cultivation of local rice in large quantity and milling in local industries) 3. Many people started investing in rice cultivation and so on, so as to take the advantage to make more money, create employment, and even ease up a bit the demand for fx (fx being sourced for the importations of this very goods). 4. Investors have invested, purchase of lands, setting up machineries and are patiently waiting for cultivation time (many who invested in rice are saying that their produce will be ready by December). 5.all of a sudden, FG, just lifts ban on importation of same rice. IMPLICATIONS. 1. What will be the fate of all those that ventured into rice farming and all that? I guess the market will no longer be favourable to them ( Nigerians love anything FOREIGN). 2. From what I read up there. It says that restrictions are on land/boarders" which means, it is allowed for Nigerians to import rice into countries like Benin republic, chad and even Niger, pay customs duty to their ports, pay all tax associated with importation in their country, clear the goods,(all these money is going into the coffers of the respective countries). And then brings it into Nigeria via the boarders and then still pay (who will bear the cost of all these spendings? I guess, the final consumers). Now who is cheating who and who is fooling who? 3. What if the market is not favourable to those who invested in rice farming, thereby making them loose or unable to recover the money spent. Do we still think these people will remain in business or fold up? ( govt is meant to create an enabling environment to investors who are investing en mass for the 1st timeM at least to boost their confidence in the govt). To me, I think this is lack of govt policy( make a strong policy and stand my it. To me, many people will not want to invest in Naija because of their lack of strong and firm policies,( they can twist and change anytime) what investors need is being steady with your policies. I think this will affect Naija in other sectors or areas. In as much as it will ease some pains on the immediate , but what about long run? It does not make sense to me, u told me to stand in the rain for some time to enable u fix the roof of my house properly, I accepted to, having in mind that it will be fixed properly so that it will last me a long time, but half way into the repairs, u asked me to come that u will fix it anyhow for me to stay for the mean time( u didn't do it properly, which means it will still spoil soon). Anyways, I might be very wrong, but this is what I thought. We have been enduring for some time, why not beg us to remain steadfast? As there is light at the end of the tunnel? It shows that they lacked the will power to stand to their words. No economy survives with policy and counter policies. 51 Likes 5 Shares |
Re: Customs Removes Ban On Importation Of Rice by MrCounselor: 7:47pm On Oct 08, 2016 |
Kinda good news 1 Like |
Re: Customs Removes Ban On Importation Of Rice by johnwizey: 7:47pm On Oct 08, 2016 |
TPAND:But dem no mention buhari's name for the write up nw 6 Likes |
Re: Customs Removes Ban On Importation Of Rice by Samuel912(m): 7:48pm On Oct 08, 2016 |
Instability government... Ka soro ka ba be niyi omo eniyan but unlike Buhari.... Mtcheeeew 2 Likes |
Re: Customs Removes Ban On Importation Of Rice by lielbree: 7:48pm On Oct 08, 2016 |
![]() What's wrong with us?? 4 Likes |
Re: Customs Removes Ban On Importation Of Rice by ayusco85(m): 7:48pm On Oct 08, 2016 |
Useless directionless government that don't knw anything. Idiots fools nincompoops animals witches wizards. After Nigerians Don suffer finish na nw wuna think say wuna go remove d ban. The thunder wey go fire wuna dey do press up for Zambia gym 3 Likes 1 Share |
Re: Customs Removes Ban On Importation Of Rice by mycar: 7:48pm On Oct 08, 2016 |
Yeye dey smell 2 Likes |
Re: Customs Removes Ban On Importation Of Rice by Pavore9: 7:48pm On Oct 08, 2016 |
Are the rice no longer dangerous as we were informed? ![]() 2 Likes |
Re: Customs Removes Ban On Importation Of Rice by Ishilove: 7:48pm On Oct 08, 2016 |
TPAND:This dude I like you, but you always start well and end up saying nonsense, no offence intended. I agree with half of your post. The remaining half is primitive bigotry. 11 Likes 1 Share |
Re: Customs Removes Ban On Importation Of Rice by AngelAhnie(f): 7:48pm On Oct 08, 2016 |
Grundig:12k is still on the high side 3 Likes |
Re: Customs Removes Ban On Importation Of Rice by crestedaguiyi: 7:48pm On Oct 08, 2016 |
The goon is waking up to reality 2 Likes |
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