falconey:
Welcome to the CHANGE era!!!!....not that buhari is better is cus we are tired of cluelessness...anybody but jonaTAN

falconey:
Welcome to the CHANGE era!!!!....not that buhari is better is cus we are tired of cluelessness...anybody but jonaTAN

(The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday said the Federal Government was contemplating a downward review of tariff on importation of rice.

Okonjo-Iweala, who disclosed this while answering questions at the ‘Budget 2014 Jam’, in Abuja said the drop in the tariff would reduce smuggling of the commodity into the country.

The News Agency of Nigeria reports that Budget 2014 Jam is a youth online programme where the minister answers questions on the Federal Government’s 2014 budget from youths across the nation.

The three-day programme, which began on Tuesday is organised by the Ministry of Finance in collaboration with IBM Technology, a telecommunication firm.

The minister said the existing 110 per cent duty on the importation of rice was encouraging smuggling of the commodity into the country.

“We increased the tariff to 110 per cent, and it encouraged some people to go and grow rice and we grew 1.1 million metric tonnes of the product.

“But it also encouraged smuggling from neighbouring countries because they immediately dropped their own tariffs to 10 per cent,” she said.

She added that the rice issue was similar to tariff on importation of used vehicles, saying “we are watching it now to see what the appropriate tariff to be paid on it will be.’’

The minister added, “For rice, we decided to bring it down because we see that it is not working.’’

Okonjo-Iweala explained that the government had decided to encourage the automobile industry to ensure that vehicles were manufactured in the country.

http://www.punchng.com/news/fg-to-reduce-tariff-on-imported-rice/

PhockPhockMan:
Op, this Heartbreak you're sharing,

Diaris God o o
























Viewing this topic: ,aresa
and 6 guest(s)

Curlieweed:


Chill, read the comment again and look up the word "sarcasm".

Curlieweed:


Chill, read the comment again and look up the word "sarcasm".

NgeneUkwenu:


Mumu op! When there is a drop in tariff of a commodity the price will automatically go down!

Jonathan has not done anything here!

mazzi:
Hahahaha.apshits were like we don convert a new soul,untill the open the thread they then realized that they ave been duped.

ahaika23:
Please I wish to know what is the secret that despite the drop in naira value, a bag of cap rice still sold for 9,800 naira here in port Harcourt in this festive period as against other previous Christmas period where same bag went for 15,000 naira. Are we going forward or backward? I'm thinking, maybe it's that his 'rubbish' rice revolution that is responsible for this. My fellow APShit folks we better do something about this before something do us oooo

GEJ alllllllllllllllllllllll the way. Gradually, we are all benefiting from your efforts, God bless you. In the voice of Oshio baba, APSHIT, GO AND DIE. I am a beneficiary of GEJ's transformation, what about you?

ahaika23:
mad Ngene, so previous festive period fg usually increases import tariff abi? GnD!

NgeneUkwenu:


Mumu op! When there is a drop in tariff of a commodity the price will automatically go down!

Jonathan has not done anything here!

WhiteTechnology:



You just murdered APC warriors

NgeneUkwenu:


The price of rice has been hovering between 7-8k since the middle of year when your clueless otuoke master lowered the importation tariff!

You have failed in your sarcasm!

jamace:
Jonathan made a policy that enables you to buy rice at cheaper rate during Xmas and you said Jonathan has not done anything. Please cleanse yourself of hatred and let appreciation flow. Note that politics without principle is a great sin.

ahaika23:
GEJ till APShit followers show appreciation

NgeneUkwenu:

Mumu op! When there is a drop in tariff of a commodity the price will automatically go down!
Jonathan has not done anything here!

Truth24:
Nice twist

Morkavictor:
cleverly you are very silly,was it your father that reduced the tariff.

ahaika23:
, dont mind that ediot. Maybe it was bukohari who reduced it.

ahaika23:
mumu, you no even read my post. Are you guys this senseless? No wonder a graduate follows a semi-illiterate like morons smh.

Curlieweed:


Chill, read the comment again and look up the word "sarcasm".

falconey:
who cares about the post? The op may not admit it he is a buhari fan!!!! Buhari for change!!!! Bunch of cocksuckers on nairaland!!!

falconey:
must I read a clueless fan thread before I comment bastard!!!! Buhari for CHANGE!!!!

ahaika23:





Keeping APC e-rats confused, that's how we roll!

Some peepz will get a heart attack over dis thread.

Just imagine the look on the faces of Barcanistar,Berem,Omenka and Co after been misled by the title of this thread.