Tuesday, January 26, 2021
MARKET UPDATE
Advertisement

TheCable

Advertisement
 ON THE GO

‘Farmers smiling to the bank’ — Ortom asks Buhari not to reverse ban on rice importation

‘Farmers smiling to the bank’ — Ortom asks Buhari not to reverse ban on rice importation
November 30
19:56 2020

Samuel Ortom, governor of Benue state, has asked President Muhammadu Buhari not to reverse the ban on rice importation.

Advertisement

Speaking in Makurdi, the state capital, on Monday, Ortom said the ban has created wealth for rice farmers.

The governor asked the president not to yield to the pressure of lifting the ban as a result of the recession in the country.

He added that the sector has now improved youth employment.

Advertisement

“The ban on rice importation remains a major milestone in the development of agriculture in Benue. We want to appeal to the federal government to continue with the policy,” Ortom said.

“There might be hardship for a little while but farmers are smiling to their banks now compared to what used to happen. I have been into farming since 1984 and I am a living witness to this development.

“Before now, when we cultivate rice, we were not able to sell even the cost of production but today things have changed. Just harvest, the market is already there.”

Advertisement

The Central Bank of Nigeria (CBN) restricted forex for rice importation after the 2016 recession to encourage local production.

Two weeks ago, the National Bureau of Statistics (NBS) announced that Nigeria has officially slid into its worst economic recession in over three decades.

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment