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Nairaland Forum / Nairaland / General / Politics / Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers (699 Views)
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Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by Abagworo(m): 10:00am On Aug 19, 2015 |
http://businessdayonline.com/2015/05/reps-summon-okonjo-iweala-adesina-over-alleged-n21bn-rice-import-duty-waivers/ Reps summon Okonjo-Iweala, Adesina over alleged N21bn rice import duty waivers The House of Representatives’ ad-hoc committee on the N21 billion waivers allegedly granted some rice importers has summoned Ngozi Okonjo-Iweala, coordinating minister for the economy and minister of finance and Akinwumi Adesina, minister of agriculture and rural development, to appear before it today over the waivers. Leo Ogor, chairman of the ad-hoc committee, explained that the investigative hearing on ‘Rice import quota and duty payments’ was geared towards uncovering “fraud and exposing the endemic corruption in the importation of rice with a view to stemming the tide and boosting employment generation as well as strengthening the nation’s depleting foreign reserves.” Ogor noted that Nigeria remains the second largest importer of rice globally with an annual consumption requirement of about 6 million metric tons while its domestic supply is estimated at 3 million metric tons yearly, with a shortfall of 3 million metric tons of milled rice per year. The lawmakers also frowned at the alleged lapses in the administration of the quota and duty payable on excess importation, querying the powers of the minister of agriculture to grant such waivers on the basis of encouraging investment and job creation to the detriment of local investors. Ogor lamented that the gross abuse of the Federal Government’s fiscal policy measures on rice under which the incentives were granted has led to duty evasion; retroactive quota allocation by the ministry; and quotas being skewed in favour of speculative investors who have no real investment on ground to show for their interest in rice. “The minister doesn’t have the powers to allocate rice import or production quota to any company and then waive duties because the corresponding revenue involved is for the entire federation which consists of the three tiers of government. The minister should stop deceiving himself thinking that he acts for every tier of government,” Ogor noted. |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by Nobody: 10:00am On Aug 19, 2015 |
Questions and Answer time |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by Abagworo(m): 10:02am On Aug 19, 2015 |
This is what Oshiomole was talking about and not if our production has increased. 1 Like |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by Immanueladebol(m): 10:04am On Aug 19, 2015 |
Na so dem go continu dy summon |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by BeeBeeOoh(m): 10:06am On Aug 19, 2015 |
Summon ni! Sermon kor!! Call me whenever u think our legislators is serious |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by kodded(m): 10:07am On Aug 19, 2015 |
I thought the children from the west claim that adesina is a saint ? |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by bugzbunny: 10:14am On Aug 19, 2015 |
Wow |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by obailala(m): 10:20am On Aug 19, 2015 |
God help us... Everything in this country has been upside down from day 1.... and we keep wondering why Nigeria is still in the league of 3rd world underdeveloped countries. Now this is just simply a summon for clarifications / explanations. But you will soon see the brainless lot pour into this thread claiming their person is being persecuted by just asking her for explanations. |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by doctokwus: 10:26am On Aug 19, 2015 |
kodded:Whoever thought adesina was is deluded. I have always felt he was one overhyped minister because the indices on quantity of imports and Nigeria's export of agricultural products just didn't support his much hyped achievements.Also there has not been any increase in agric's contribution to the GDP aside Nigeria still being a net importer of rice.So where lies d hype? He probably fooled some with his phone fertilizer scheme and cassava bread that was abandoned as soon as it left aso rock.This was besides the fact that the cassava bread was originally launched by OBJ in the same aso rock to similar fanfare when he was president. Aside that he had already been nominated by Nigeria as ADB president to which d present govt couldn't go against,I personally bliv his credentials were oversold to PMB. |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by Itusco: 10:29am On Aug 19, 2015 |
Why do you keep spending so much on gas when you can make your own gas? |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by baralatie(m): 10:29am On Aug 19, 2015 |
BeeBeeOoh:seconded! 1 Like 1 Share |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by Splashme: 10:38am On Aug 19, 2015 |
She will come lecture them |
Re: Reps Summon Okonjo-iweala, Adesina Over Alleged N21bn Rice Import Duty Waivers by oduastates: 3:00pm On Aug 19, 2015 |
She ain't gonna come. Trust her to remain on Facebook while spouting rubbish . 1 Like |
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