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N78bn ‘expired’ rice arrives Nigeria soon Dubious Nigerian importers, in connivance with rice merchants in Thailland, are set to dump contaminated rice from Thailand in Nigeria beginning from this month. Thai Rice Exporters Association declared in March that government had struck preliminary deals to export a total of 760,000 tons from its huge stockpiles to Nigeria and some other African countries in August. The rice would be sold at around $430 a ton, netting the exporting country over N78.32 billion ($325 million). New Telegraph had reported in March this year that Thailand may start auctioning some 14.4 million metric tons of its poor quality rice to Nigeria and other foreign buyers from August. Of the 17 million tons stockpiled, some 14.4 million metric tons are substandard while about 694,000 tons are rotten. The Thailand government had disclosed that only 2.35 million tons were of good quality. Honourary President of the Thai Rice Exporters Association, Chukiat Opaswong, explained that the rice would also be supplied to Mozambique and South Africa. Thailand, the world’s secondlargest rice exporter, currently has about 14.5 million tons of rice in stockpiles built under a generous rice subsidy scheme run by a government that was overthrown by the military in May 2014. The president said that the current military government planned to sell off the rice over two years and above in its warehouses to Nigeria and other countries, although industry observers said that selling so much in such a short period would be difficult. Most of the rice coming to Africa are parboiled. It was revealed in March that the contaminated rice, which is set to flood Nigeria and other African markets, was not suitable for human consumption. Nigeria is one of the major importers of the commodity from that country. But in the latest tender, broken rice from old stocks is sold for $236 per ton. Nigeria’s Foreign Department of Trade has, however, urged government to prosecute those responsible for the poor maintenance of stock. Meanwhile, the Central Bank of Nigeria (CBN) has banned foreign exchange for the importation of rice and other items. The CBN Governor, Mr. Godwin Emefiele, noted that the Federal Government spent 2.41 billion dollars on rice importation between January 2012 and May 2015. He said that figures available with the CBN showed that between January 2012 and May 2015, the country had spent over $2.41billion on importation of the commodity http://newtelegraphonline.com/n78bn-expired-rice-arrives-nigeria-soon/ |
Dele Alao is a brand correspondent of New Telegraph newspaper. Good night, we will miss you.
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Obama is taller because he is without cap. |
If you can sustain up to 3 months without pay, don't apply. |
BBOG is an enemy to GEJ government so they are not welcome but friends to PMB government so a hall was prepared for them. The friends of my enemy is my enemy. |
Reducing those milking the Nigerians. |
A law firm situated in Lagos needed the services of an experienced male Lawyer. Requirements. - 3 years experience. - A Yoruba or ability to speak Yoruba. - Living around Abule-Egba, Lagos. send your CV to abu4lawoffice@gmail.com or take it to 49A, Charity Road(social club junction), Abule-Egba, Lagos. NB: I heard the Principal lawyer ordering his secretary to place an advert for this post because he had two female lawyer and they are on maternity leave. |
popeferd:I don't understand you, what is happening tomorrow by 9am? |
Yours is better, to get experience I had to take #15,000 job and my transport fare per month is #22,000. With the 8month experience I got a better one. keep hope alive and gather experience. |
When I was serving in Enugu-Ezike, 5 of us will have to send 1 person to Nsuka to cash money. No choice than to release your ATM and PIN. |
adeaks:Truly the dethrone king beat his wife but the acid aspect is staged, she is alive. After she was used and dumped she regretted her actions, she is one of the points the case is still in court. For your information, I know the woman and the dethrone king's lawyer. |
Creation of Ekiti State. |
Just to show Mugabe that she is still active? |
Kabu police is on that bench. so it happen in plateau state. |
Either you carry textbook, notebook, sheet of paper or you write am for handkerchief, cheating na cheating. |
RIP |
Its a still a fight against PDP and GEJ loyalist. US still feel the pain of GEJ law against gay marriage. Someone's name is missing ......... . . . . . . . . . . Fayose., today he ordered the okada rider to stand up and defend the mandate given to him by them. |
Press is the only opposition that can critisize Buhari's government (as PDP is ageing) and they are very few now in Nigeria one of them is Aribisala. I doff my cap for you. |
David Mark in senate for 20years! Longest serving senator. |
Star Orange seed. |
1. CIA - their prediction is that Jonathan will be Nigeria last president. 2. PDP Cabals - to destabilise the election and continue ruling. 3. Niger Delta Militants - to continue getting that mouth watering contract. 4. OPC - same as above. 5. War beneficiaries(weapon dealers) - they run to war zone to make money. 6. Boko Haram - continuing attacking innocent citizen just to make Nigeria ungovernable. Their reasons are glaring. Add yours if you think the list is incomplete. |
Why was he sacked from Fashola's Government. This will also help the electorates. Any idea nairalanders? |
Only Fr. Mbaka. He is the only seer. |
From Tollgate , Abule Egba, Agege, Ogba, Ikeja, even Alausa, Ojota, Maryland, Ojuelegba, down to Apapa I couldn't find any LASTMA can somebody tell me what is happening in Lagos State. |
I won't crucify you for joining my region(South West), because we share same view. Some of us here knows the truth, at least in the south west GEJ will gather 60% vote. |
collynzo2:My mind. |
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Goodluck, Buhari, Osinbajo, Obasanjo, Abubakar, Sultan Sokoto, Tinubu, Fani-Kayode, Muazu, Okupe and many others pleased with the conduct of MARCH 28, 2015 ELECTION. source: TVC. A plus to GEJ achievements in office. |
So as to blackmail PDP? You've failed. |
It's raining here in Ijaiye/Alagbado Lagos. I need umbrella to protect my vote oooooo. |
