Home News ‘Illegal importation responsible for high price of rice’ ― Zainab Ahmed

‘Illegal importation responsible for high price of rice’ ― Zainab Ahmed

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The Minister of Finance, Zainab Ahmed has attributed the rise in the price of rice in Nigeria to the illegal activities of rice smugglers in the country.

Speaking recently in an interview, the minister stated that smuggling activities adversely affect the economy and well-being of the people, a situation she described as unfortunate particularly when some bad Nigerians have continued to illegally import or smuggle in goods that the government has banned.

According to Ahmed, there are some unpatriotic Nigerians who smuggle substandard rice into the country, some of which were not edible, stating that the quest for making more profit has made many Nigerians smuggle such kind of rice and spread it in the markets.

Ahmed further reiterated the government’s efforts towards reducing the activities of smugglers, pointing out that the Nigerian Customs Service, the Police, the DSS and others, are teaming up to clamp down on the illegal activities of those sabotaging the economy.

She also added that the government has created a system of monitoring loans, for short-term periods, adding that it was not through the court, that is fiat, through which the government receives loans.



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