Despite import ban, foreign rice floods Nigerian markets
Stakeholders in the value chain, including local processors and growers, have expressed dismay over the development, saying it would reverse the gains recorded in the last few years. However, some observers have blamed millers for mopping up paddy rice and processing it in piecemeal, to attract more profit, thereby sabotaging the effort of the federal government in making rice affordable to Nigerians. President Muhammadu Buhari had in December, 2020, directed that the four borders that were closed in 2019 be reopened. Some traders told our correspondents that even while the border closure las...
Source: dailytrust.com