The Central Bank of Nigeria (CBN)
has asked rice farmers in the country not to increase the price of the product
as a result of the border closure.
In a statement in Abuja on
Monday, Godwin Emefiele, CBN governor, urged members of the Rice Millers
Association of Nigeria (RIMAN) and other stakeholders in the value chain not to
hoard rice.
The Nigerian government closed
its borders in August, explaining that it was to check smuggling.
Commenting on this, Emefiele said
the federal government took the action to promote the growth of the economy and
to make sure that the nation achieves food sufficiency as far as rice
production is concerned.
The CBN governor maintained that
the closure was done for the benefit and well-being of the people as most of
the “imported rice had chemicals for preservation”.
He said there is need to increase
rice production, promising that the CBN would support the rice millers to stem
off smuggling in the country and grow the rice sector for food
self–sufficiency.
The CBN governor called on the
citizens to support the border closure, saying the government took the decision
in their best interest.
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