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Published On: Wed, Oct 30th, 2019

Rice millers, poultry farmers called for border closure, says CBN Gov

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CBN Governor,Emefiele

By Lawrence Olaoye

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that rice millers and poultry farmers pressurised the government to close the nation’s land borders.
Emefiele made this disclosure yesterday after a closed door meeting with President Muhammadu Buhari at the Presidential Villa.
Asked about the effects the border closure on production of rice in the country, he said “You will all recall that in November 2015 President Muhammadu Buhari the central bank and some state governors went to Kebbi State to launch the Wet Season Rice Farming. Since then, we have seen an astronomical growth in the number of farmers who have been going into rice farming and our paddy production has gone up also quite exponentially.
“Between 2015 and also now, we have also seen an astronomical rise in the number of companies, corporate and individuals that are setting up mills, integrated mills and even small mills in the various areas. And the Central Bank and the federal ministry of agriculture and rural development has been the centre of not just only encouraging the production of rice in Nigeria but also funding these farmers by giving them loans to buy seedlings, fertilizers or some of the herbicides that they need for their rice production.
You will also recal that we have been embarking on a programme where we are saying if you are involved in the business of smuggling or dumping of rice in the country, we close your account in the banking industry. Although that is coming very effectively.
Recently, and this is the absolute truth, about two weeks before the border closure, the chairman of the Rice Processors Association, incidentally, he owns Umza Rice in Kano, he called me and said that all the rice millers and processors are carrying in their warehouses nothing less than 25,000 metric tons of milled rice in their warehouses.
That this rice have been unsold because of the smuggling and dumping of rice through Republic of Benin and other border posts that we have in the country and that he would want us to do something about it.
Secondly, we also have members of the Poultry Association of Nigeria who also complained that they have thousands of crates of eggs that they could not sell together with even some of the processed chickens that they could not sell also arising from problem of smuggling and dumping of poultry products into Nigeria.
I was told also that after some meetings that were held in addition to those engagements that we (CBN) also held with the president, the border was closed subsequently.
A week after the borders were closed, the same rice millers association called to tell us that all the rice that they had in their warehouses have all been sold.
Indeed, a lot of people have been depositing money in their accounts and they have even been telling them ‘please hold on don’t even pay money yet until we finished processing your rice.’
The Poultry Associations have also come to say that they have sold all their eggs, they have sold all their processed chickens and that demand is rising.
So, when you asked, what is the benefit, the benefit of the border closure on the economy of Nigeria, I just used two products – poultry and rice.
The benefit is that it has helped to create jobs for our people, it has helped to bring our integrated rice milling that we have in the country back into business again and they are making money.

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