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Customs Removes Ban On Importation Of Rice - Business - Nairaland

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Customs Removes Ban On Importation Of Rice by paulGrundy(m): 10:42am On Oct 08, 2016
The Comptroller-General of Customs, Col. Hameed Ali (rtd), has ordered the immediate removal of rice from import restriction list and the re-introduction of import duty payment at land borders.

The Public Relations Officer of customs, Mr Wale Adeniyi, made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.

He said the restriction was only applied at land border stations before now, adding that the customs boss had lifted restriction on rice at border stations.

Adeniyi said that all rice imports through land borders by rice traders would attract the prevailing import duty of 10 per cent with 60 per cent levy.

He added that rice millers (preferential levy) with valid quota allocation would also attract duty rate of 10 per cent with 20 per cent levy on rice importation.

``Over the years importation has been restricted to the seaports because border authorities have found it difficult to effectively monitor and control importation of rice.

``When the decision to ban it (rice) was taken it was not an effective measure because smuggling of the product thrives with people using different means of conveyance including small trucks, bicycles and even animals - putting them on donkeys and some actually carry it on their heads.

``These new measures will be for customs to reognise their anti-smuggling operations in the border areas and ensure that all those importers through the borders bring their rice through approved routes and pay their extant duty. `

http://www.dailytrust.com.ng/news/general/customs-removes-rice-from-import-restriction-list-at-land-borders/114013.html

6 Likes 7 Shares

Re: Customs Removes Ban On Importation Of Rice by LMandela(m): 10:50am On Oct 08, 2016
Okay o
.
Edited: No body tell me say I be FTC fa! choi!
.
For those that can't go down... Read!:
Damn it.

Maybe I am the only one seeing this in another angle.

1. Nigerians so much love "IMPORTED GOODS".

2. FG banned the importation of rice.

As a result of 2, many people invested in rice businesses ( cultivation of local rice in large quantity and milling in local industries)

3. Many people started investing in rice cultivation and so on, so as to take the advantage to make more money, create employment, and even ease up a bit the demand for fx (fx being sourced for the importations of this very goods).

4. Investors have invested, purchase of lands, setting up machineries and are patiently waiting for cultivation time (many who invested in rice are saying that their produce will be ready by December).

5.all of a sudden, FG, just lifts ban on importation of same rice.

IMPLICATIONS.

1. What will be the fate of all those that ventured into rice farming and all that? I guess the market will no longer be favourable to them ( Nigerians love anything FOREIGN).

2. From what I read up there. It says that restrictions are on land/boarders" which means, it is allowed for Nigerians to import rice into countries like Benin republic, chad and even Niger, pay customs duty to their ports, pay all tax associated with importation in their country, clear the goods,(all these money is going into the coffers of the respective countries). And then brings it into Nigeria via the boarders and then still pay (who will bear the cost of all these spendings? I guess, the final consumers). Now who is cheating who and who is fooling who?

3. What if the market is not favourable to those who invested in rice farming, thereby making them loose or unable to recover the money spent. Do we still think these people will remain in business or fold up? ( govt is meant to create an enabling environment to investors who are investing en mass for the 1st timeM at least to boost their confidence in the govt).


To me, I think this is lack of govt policy( make a strong policy and stand my it.

To me, many people will not want to invest in Naija because of their lack of strong and firm policies,( they can twist and change anytime) what investors need is being steady with your policies. I think this will affect Naija in other sectors or areas.




In as much as it will ease some pains on the immediate , but what about long run?

It does not make sense to me, u told me to stand in the rain for some time to enable u fix the roof of my house properly, I accepted to, having in mind that it will be fixed properly so that it will last me a long time, but half way into the repairs, u asked me to come that u will fix it anyhow for me to stay for the mean time( u didn't do it properly, which means it will still spoil soon).




Anyways, I might be very wrong, but this is what I thought.

We have been enduring for some time, why not beg us to remain steadfast? As there is light at the end of the tunnel? It shows that they lacked the will power to stand to their words. No economy survives with policy and counter policies. - Original Post By chigozie7.

37 Likes 1 Share

Re: Customs Removes Ban On Importation Of Rice by Grundig: 6:17pm On Oct 08, 2016
I've got mixed feelings about this. But, most importantly, there'd be rice, CHEAP RICE this December. Shouldn't be more than 12k per bag.

25 Likes 3 Shares

Re: Customs Removes Ban On Importation Of Rice by agabusta: 6:38pm On Oct 08, 2016
What now happens to all the efforts to stimulate local production of rice??

Nigeria and policy somersaults eh.

Well, some short term advantage will accrue from this:
-cheaper rice


Long term disadvantages
-pressures on naira will continue as people continue sourcing for scarce foreign exchange for rice imports.
-if the local production is not well protected and nourished, this new directive can kill off the production.

119 Likes 8 Shares

Re: Customs Removes Ban On Importation Of Rice by TPAND(f): 6:43pm On Oct 08, 2016
Buhari is so inconsistent and disoriented.

Just this week, you tighten security at the borders against imported rice via land saying they were harmful for consumption, today you lifting the ban on imported rice by land.

Sai Baba is a typical abokiiiiiiii, a pathological no-brainer

225 Likes 14 Shares

Re: Customs Removes Ban On Importation Of Rice by Nobody: 6:45pm On Oct 08, 2016
Gen. Cassandra ma Nigga.

12 Likes 3 Shares

Re: Customs Removes Ban On Importation Of Rice by Taeewo(m): 6:46pm On Oct 08, 2016
Confused

12 Likes

Re: Customs Removes Ban On Importation Of Rice by agabusta: 6:52pm On Oct 08, 2016
TPAND:
Buhari is so inconsistent and disoriented.

Just this week, you tighten security at the borders against imported rice via land saying they were harmful for consumption, today you lifting the ban on imported rice by land.

Sai Baba is a typical aboki, a pathological no-brainer

Abeg keep quiet. You people were the one screaming that his policies drove up the price of rice, now he has agreed to the pampering that the consumerist nation Nigeria wants and you are still wailing

197 Likes 8 Shares

Re: Customs Removes Ban On Importation Of Rice by uboma(m): 6:54pm On Oct 08, 2016
What a clueless government we have!


It is a pity that the effects of these useless policies are felt by the ordinary Nigerians.

32 Likes 3 Shares

Re: Customs Removes Ban On Importation Of Rice by Nobody: 6:58pm On Oct 08, 2016
This is the height of cluelessness. What direction is this administration really heading? This way today, that way tomorrow...what happens to encouraging local production?

20 Likes

Re: Customs Removes Ban On Importation Of Rice by donphilopus: 7:16pm On Oct 08, 2016
TPAND:
Buhari is so inconsistent and disoriented.

Just this week, you tighten security at the borders against imported rice via land saying they were harmful for consumption, today you lifting the ban on imported rice by land.

Sai Baba is a typical aboki, a pathological no-brainer

You're the dull@rd here Mr Man. Buhari didn't tighten security at the borders because imported rice were harmful for consumption. What they said was that, as a result of the ban of rice, importers were importing rice with coffins and mixing rice with other harmful substances so they could evade arrest at the border.

Try and use your brain next time. You don't just rush to term the President a dull@rd at any given opportunity.

88 Likes 8 Shares

Re: Customs Removes Ban On Importation Of Rice by TPAND(f): 7:34pm On Oct 08, 2016
donphilopus:


You're the dull@rd here Mr Man. Buhari didn't tighten security at the borders because imported rice were harmful for consumption. What they said was that, as a result of the ban of rice, importers were importing rice with coffins and mixing rice with other harmful substances so they could evade arrest at the border.

Try and use your brain next time. You don't just rush to term the President a dull@rd at any given opportunity.

You are just as smart as Buhari, read the reason you typed there and see if it makes any sense to you.

And please that's not the reason security against importation of rice via land was tightened.

72 Likes 5 Shares

Re: Customs Removes Ban On Importation Of Rice by veekid(m): 7:45pm On Oct 08, 2016
Ope oooooooooooo; I need to go to church tomorrow for Thanksgiving; our guy man for aso Rock now don dey reason normal

12 Likes

Re: Customs Removes Ban On Importation Of Rice by Ishilove: 7:45pm On Oct 08, 2016
This government is a piece of work. For generations to come they will be remembered for their incoherent economic policies that leave the common man reeling in confusion and hunger.

My own sha is that by Christmas the cost of rice should have fallen to 10k/bag angry

Yeye dey smell

26 Likes 1 Share

Re: Customs Removes Ban On Importation Of Rice by chelseabmw(m): 7:45pm On Oct 08, 2016
Good development
Re: Customs Removes Ban On Importation Of Rice by Nobody: 7:46pm On Oct 08, 2016
Christmas is just 7weeks from now.

Useless actions in the past

4 Likes

Re: Customs Removes Ban On Importation Of Rice by gurunlocker: 7:46pm On Oct 08, 2016
They don see say their change scam don bring hunger to people.... and rice na poor man saviour

1 Like 1 Share

Re: Customs Removes Ban On Importation Of Rice by Millz404(m): 7:46pm On Oct 08, 2016
That is to tell you that there is no serious policy whatsoever towards diversification,they have finally decided its better they lift the ban and collect their own than stressing themselves

6 Likes

Re: Customs Removes Ban On Importation Of Rice by Nobody: 7:46pm On Oct 08, 2016
Ishilove:
.

Are you booking space undecided

3 Likes

Re: Customs Removes Ban On Importation Of Rice by amagunnerfan: 7:46pm On Oct 08, 2016
This will be bad for local farmers.
Re: Customs Removes Ban On Importation Of Rice by chigoizie7(m): 7:46pm On Oct 08, 2016
Damn it.

Maybe I am the only one seeing this in another angle.

1. Nigerians so much love "IMPORTED GOODS".

2. FG banned the importation of rice.

As a result of 2, many people invested in rice businesses ( cultivation of local rice in large quantity and milling in local industries)

3. Many people started investing in rice cultivation and so on, so as to take the advantage to make more money, create employment, and even ease up a bit the demand for fx (fx being sourced for the importations of this very goods).

4. Investors have invested, purchase of lands, setting up machineries and are patiently waiting for cultivation time (many who invested in rice are saying that their produce will be ready by December).

5.all of a sudden, FG, just lifts ban on importation of same rice.

IMPLICATIONS.

1. What will be the fate of all those that ventured into rice farming and all that? I guess the market will no longer be favourable to them ( Nigerians love anything FOREIGN).

2. From what I read up there. It says that restrictions are on land/boarders" which means, it is allowed for Nigerians to import rice into countries like Benin republic, chad and even Niger, pay customs duty to their ports, pay all tax associated with importation in their country, clear the goods,(all these money is going into the coffers of the respective countries). And then brings it into Nigeria via the boarders and then still pay (who will bear the cost of all these spendings? I guess, the final consumers). Now who is cheating who and who is fooling who?

3. What if the market is not favourable to those who invested in rice farming, thereby making them loose or unable to recover the money spent. Do we still think these people will remain in business or fold up? ( govt is meant to create an enabling environment to investors who are investing en mass for the 1st timeM at least to boost their confidence in the govt).


To me, I think this is lack of govt policy( make a strong policy and stand my it.

To me, many people will not want to invest in Naija because of their lack of strong and firm policies,( they can twist and change anytime) what investors need is being steady with your policies. I think this will affect Naija in other sectors or areas.




In as much as it will ease some pains on the immediate , but what about long run?

It does not make sense to me, u told me to stand in the rain for some time to enable u fix the roof of my house properly, I accepted to, having in mind that it will be fixed properly so that it will last me a long time, but half way into the repairs, u asked me to come that u will fix it anyhow for me to stay for the mean time( u didn't do it properly, which means it will still spoil soon).




Anyways, I might be very wrong, but this is what I thought.

We have been enduring for some time, why not beg us to remain steadfast? As there is light at the end of the tunnel? It shows that they lacked the will power to stand to their words. No economy survives with policy and counter policies.

51 Likes 5 Shares

Re: Customs Removes Ban On Importation Of Rice by MrCounselor: 7:47pm On Oct 08, 2016
Kinda good news

1 Like

Re: Customs Removes Ban On Importation Of Rice by johnwizey: 7:47pm On Oct 08, 2016
TPAND:
Buhari is so inconsistent and disoriented.

Just this week, you tighten security at the borders against imported rice via land saying they were harmful for consumption, today you lifting the ban on imported rice by land.

Sai Baba is a typical aboki, a pathological no-brainer
But dem no mention buhari's name for the write up nw

6 Likes

Re: Customs Removes Ban On Importation Of Rice by Samuel912(m): 7:48pm On Oct 08, 2016
Instability government... Ka soro ka ba be niyi omo eniyan but unlike Buhari.... Mtcheeeew

2 Likes

Re: Customs Removes Ban On Importation Of Rice by lielbree: 7:48pm On Oct 08, 2016
I weep for my country. Ghana dose not import rice. They are blacks like us..,

What's wrong with us??

4 Likes

Re: Customs Removes Ban On Importation Of Rice by ayusco85(m): 7:48pm On Oct 08, 2016
Useless directionless government that don't knw anything. Idiots fools nincompoops animals witches wizards. After Nigerians Don suffer finish na nw wuna think say wuna go remove d ban. The thunder wey go fire wuna dey do press up for Zambia gym

3 Likes 1 Share

Re: Customs Removes Ban On Importation Of Rice by mycar: 7:48pm On Oct 08, 2016
Yeye dey smell

2 Likes

Re: Customs Removes Ban On Importation Of Rice by Pavore9: 7:48pm On Oct 08, 2016
Are the rice no longer dangerous as we were informed? shocked

2 Likes

Re: Customs Removes Ban On Importation Of Rice by Ishilove: 7:48pm On Oct 08, 2016
TPAND:
Buhari is so inconsistent and disoriented.

Just this week, you tighten security at the borders against imported rice via land saying they were harmful for consumption, today you lifting the ban on imported rice by land.

Sai Baba is a typical aboki, a pathological no-brainer
This dude I like you, but you always start well and end up saying nonsense, no offence intended.

I agree with half of your post. The remaining half is primitive bigotry.

11 Likes 1 Share

Re: Customs Removes Ban On Importation Of Rice by AngelAhnie(f): 7:48pm On Oct 08, 2016
Grundig:
I've got mixed feelings about this. But, most importantly, there'd be rice, CHEAP RICE this December. Shouldn't be more than 12k per bag.


12k is still on the high side

3 Likes

Re: Customs Removes Ban On Importation Of Rice by crestedaguiyi: 7:48pm On Oct 08, 2016
The goon is waking up to reality

2 Likes

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