Nigerian Rice Industry Crumbles as Imports Hit N51bn

Nigerian Rice Industry Crumbles as Imports Hit N51bn

Nigeria spent N51 billion ($34.4 million) on foreign rice in 2024, signaling a sharp reversal of the self-sufficiency gains claimed by the previous administration. Data from UN Comtrade confirms that local rice has become uncompetitive against cheaper imports. High production costs and expensive energy are pricing Nigerian farmers out of their own market. President Bola…

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Customs Intercept Smuggled Goods Worth ₦82 Million in Bauchi Zone.

Bauchi – The Federal Operations Unit, Zone ‘D’, of the Nigeria Customs Service has seized smuggled goods with a Duty Paid Value (DPV) of over ₦82.1 million in a two-week operation across nine states in the country’s North-East and North-Central regions. The Zone Comptroller, Mr. Abdullahi Kaila, disclosed this during a press briefing in Bauchi…

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