A large-scale rice farmer in northern Nigeria has backed the decision of the Central Bank of Nigeria to lift the Forex ban on the importation of rice.

He said the lifting of the Forex ban will break the monopoly of the processing and marketing of the grain by local millers.

Alhaji Hassan Yaro, who grows rice in Kano, Jigawa and Borno states, is the Chairman of the Kano Council of Traders and Entrepreneurs.

The PUNCH reports the Central Bank of Nigeria lifted the foreign exchange restrictions it placed on importers of rice and 42 other items eight years ago.


Alhaji Yaro, who spoke to our correspondent while inspecting one of his rice farms Wednesday at Zabarmari, in the outskirts of Maiduguri, praised the President Bola Tinubu administration for the lifting of the ban, believing that it would flood the market with the grain and slash its price to an affordable rate for the common man.

“I could remember, rice millers reached an agreement in 2014 with the then President Buhari in Africa House, Kano, when he was campaigning for re-election, to process enough of the grain for the country at an affordable price,” he recalled in a chat with The PUNCH, alleging, “They even received a huge amount of money from the CBN to ensure this.”

Yaro stated, “For whatever reason known, perhaps, only to the local millers, the grain, instead of flooding the markets at prices affordable to the ordinary Nigerian, went beyond the reach of most Nigerians in terms of both availability and affordability up to last week when the Forex ban was lifted.”


Alleging that most rice millers do not mean well for the country, he vowed to mobilise as many farmers of the grain as he can across the country to upscale the traditional milling method and pursue wavers for the importation of affordable milling machines from China, should the local millers attempt sabotaging the Tinubu administration on this.


https://punchng.com/farmer-hails-cbn-for-lifting-forex-ban-on-rice-importation/?utm_source=telegram&utm_medium=social

Yaro stated, “For whatever reason known, perhaps, only to the local millers, the grain, instead of flooding the markets at prices affordable to the ordinary Nigerian, went beyond the reach of most Nigerians in terms of both availability and affordability up to last week when the Forex ban was lifted.”


Alleging that most rice millers do not mean well for the country, he vowed to mobilise as many farmers of the grain as he can across the country to upscale the traditional milling method and pursue wavers for the importation of affordable milling machines from China, should the local millers attempt sabotaging the Tinubu administration on this.

This is a patriotic and honest Nigerian. President Muhammadu Buhari meant well and genuinely empowered the indigenous producers and they made huge profits running into trillions yet these people were never satisfied.
They went from being millionaires in Nigeria to becoming Billionaires in US dollars and still don't want to stop. Imagine the disappointing case of cement prices that despite the protectionist policy to favour local producers, the local producers jerked up the price and became the highest cement profit manufacturers in the world!

This CBN policy reversal is not enough. They must probe all the local manufacturers the PMB era policies favoured and punish those who are culpable. This sabotage and those individuals and organisations that sabotaged the good policy must not be left unpunished.

They must be investigated, apprehended and prosecuted. Each of them in all the sectors! Check my signature for free stuffs!

Keep shut there freestuffng.

What about bandits levying farmers before harvest?
What happened to those? Your darling daddy gave them the perfect excuse to inflate prices so keep your Tinubu propaganda to yourself.

CodeTemplar:
Keep shut there freestuffng.

What about bandits levying farmers before harvest?
What happened to those? Your darling daddy gave them the perfect excuse to inflate prices so keep your Tinubu propaganda to yourself.

Even though you're right about bandits levying some farmers before harvest, majority of them are not affected

The Buhari administration spent billions of naira on farmers, especially the ones planting rice, there's very little result to show for all the money spent.

CodeTemplar:
Keep shut there freestuffng.

What about bandits levying farmers before harvest?
What happened to those? Your darling daddy gave them the perfect excuse to inflate prices so keep your Tinubu propaganda to yourself.

Bandits only operate in a few states in the northwest, how does that affect the entire rice production in Nigeria?

Ikaeniyan0:
Even though you're right about bandits levying some farmers before harvest, majority of them are not affected

those affected and those not belong to same unions and groups but can't donate to the affected so everyone has to increase prices.

Ikaeniyan0:
The Buhari administration spent billions of naira on farmers, especially the ones planting rice, there's very little result to show for all the money spent.

I'm not even sure we have comparative advantage in rice production.
And insecurity is one of the factors you consider.

OneCandleAway:


I'm not even sure we have comparative advantage in rice production.
And insecurity is one of the factors you consider.

Buhari had a good plan for rice farmers, but corruption and insecurity ruined everything.

OneCandleAway:


I'm not even sure we have comparative advantage in rice production.

We don't

Ikaeniyan0:
The Buhari administration spent billions of naira on farmers, especially the ones planting rice, there's very little result to show for all the money spent.

Same buhari govt that you worshiped day and night for 8 wasted years?? Oya deny it


Double faced 🤡

Buhari was not the President in 2014.

Either there was an error in this reportage or this news is a fabrication.

APC please tell Nigerians the whereabout of the rice pyramid

Ozommadu:


Same buhari govt that you worshiped day and night for 8 wasted years?? Oya deny it


Double faced 🤡

Are you drunk or you're just stupid?

Person no fit have a conversation on this nairaland again. Fraustrated people like you go just dey talk rubbish from the hellhole you're in.

By November, the dollar rate will reach #2k per dollar 💵 in the black market. Saved my response here

Ikaeniyan0:
Are you drunk or you're just stupid?

Person no fit have a conversation on this nairaland again. Fraustrated people like you go just dey talk rubbish from the hellhole you're in.

This your kind of senseless conversation with insults...if I give it back to you you'll start crying to the mods.

Worship your failed ebola silently

Ozommadu:


This your kind of senseless conversation with insults...if I give it back to you you'll start crying to the mods.

Worship your failed ebola silently

Give it back to me nah 🐖

You wrote a very stupid comment.

Ikaeniyan0:
Give it back to me nah 🐖

You wrote a very stupid comment.

Na you be 🐖

Slum dweller

Ozommadu:




Slum dweller

do you think I live in Onitsha?

Ikaeniyan0:
do you think I live in Onitsha?

Onitsha is far far better than most places in lagos, far^3 better than slummy ibadam.

Far^10 better than the rest of your slummy states capital.

Ozommadu:


Onitsha is far far better than most places in lagos, far^3 better than slummy ibadam.

Far^10 better than the rest of your slummy states capital.

Do you think I live in onitsha?

Ikaeniyan0:
Do you think I live in onitsha?

Do you think I live in ibadam


Atleast that onitsha pics is a refuse dumpsite nobody lives there

Ozommadu:


Do you think I live in ibadam


Atleast that onitsha pics is a refuse dumpsite nobody lives there

Do you think I live in onitsha?