Abuja - The removal of restrictions placed on
importation of rice through the land borders has resulted in an increase in
revenues from the product.
Two months ago, the Comptroller-General of the Service
had approved the removal of the restriction placed on importation of rice
through the land borders.
The removal was predicated on the large scale rice
smuggling through the land borders, resulting to huge revenue loss and distortions
in the price of the item in the local markets.
According to figures obtained from the Nigeria Customs
Service, the agency has recorded a total revenue of N1,17 billion on rice
imports through the land borders in October and November.
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During the same period, the total quantity of rice
imported through the land borders stood at 17,596 tonnes.
“The huge collection in just two months has vindicated
our position. If we had stuck to our previous directive, this much quantum of
rice would still have been smuggled anyway, and we would have lost over a
billion Naira revenue as this critical period of our economic downtown,” Hameed
Ali, the Comptroller-General, disclosed.
The breakdown of the rice imports shows that Idiroko
border in Ogun Command has the largest volume of 8,27 tonnes, with a collection
of N555 million.
Katsina borders come next in quantity of 3,636 tonnes
imported, where total revenue of N242,98 million was collected during the same
A total of 2, 15 tonnes was imported through the
land borders of Oyo/Osun command, generating a total revenue of N144,278
- CAJ News