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Umza International Farms

How Nigeria’s economy was hampered by over N145bn smuggled rice in 8 months

Motolani Oseni Despite efforts by the Federal Government, the Central Bank of Nigeria (CBN) and other industry stakeholders, over one million metric tons of rice valued at $400 million (N145 billion) was smuggled into Nigeria since the beginning of 2019. For instance, Rice Farmers Association of Nigeria (RIFAN) on Thursday commended the action being coordinated […]