Economy
Reprieve as Customs lifts ban on importation of rice
The Comptroller-General of Customs, Col. Hameed Ali (rtd), has, Wednesday, ordered the immediate lifting of the ban on rice importation from import restriction list and the re-introduction of import duty payment at land borders.
The Public Relations Officer of customs, Mr Wale Adeniyi, said this in an interview with newsmen 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 also said 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 re-organize 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,” he said.
-
News2 days ago
Osun Park Chairman, Alowonle Currently On Life Support, Osun Govt Raises Alarm
-
News2 days ago
Students Protest UNILESA’s Tuition Fee Hike From N290,000 To N1.5m
-
Opinion5 days ago
Governor Adeleke’s 2025 Budget And Obaagun Community
-
News4 days ago
2026: We’ll Zone Governorship Ticket To Osun West, If …. Says APC Chieftain, Akere