Border Closure: CBN appeals to Rice millers, stakeholders not to increase price

The CBN governor said that the boarder closure was meant to promote the growth of the Nigerian economy and ensure that the country attained food self-sufficiency in the rice value chain.

He said that this was for the benefit and wellbeing of the citizenry.

He said that imported rice into the country were chemicalised for preservation, therefore not good for the consumption.

Emefiele said that there was need to increase rice production and discourage hoarding leading to price increase, while calling on rice millers to support government’s effort in the rice value chain sector.

He said that hoarding rice with a view to increase the prices of rice would bring hardship to Nigerians.

He said that the CBN under his leadership would support rice millers to stem off smuggling in the country and grow the rice sector for food self–sufficiency.

Emefiele called on Nigerians to support the government action on closure of the boarder, adding that government took the decision in the best interest of Nigerians as it was meant to secure the country.

He said that this would also secure the health of the citizenry from heavily chemicalised products that were injurious to the health of the country.

Mr Peter Dama, the RIMAN Chairman assured the CBN of the supports of its members on the Federal Government’s action on boarder closure.

He said that its members would not succumb to pressure to reverse the policy on boarders’ closure.

He urged the CBN for financial support to build capacity and expand milling activities to stimulate further growth in the rice sector.


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