Metro How $3bn Nigeria-bound Rice Rots Away in Benin Republic

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LequteMan

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An estimated $3 billion bags of rice destined for the Nigerian markets are stuck in Benin republic as the Nigeria Customs service continued banned importation of rice into the country through land borders.

The annual routine of importing rice into the neighbouring country from July to December to make massive sales in Nigeria during Yuletide period has hit a brickwall this year.

The Controller General of Customs, Colonel Hameed Ali has insisted that his men tightened the frontiers on rice importing through land borders.

Nigeria shares major border frontiers with Benin Republic at Seme Border (Lagos), Idiroko (Ogun), Shaki (Oyo),Chikanda (Kwara) and other smaller openings.

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Prominent among them is Seme where the highest volume of trade and largest smuggling opportunity exist because of its easy access to Lagos, Nigeria’s commercial capital city.

Some consignments of imported rice no longer have storage space at the popular stores and so are exposed to rains, weevils and other unhygienic forms of storage, DailySun reported.
According to the report, popular warehouses no longer receive rice shipments as thousands of bags earlier delivered to them since July could not be evacuated into Nigeria as planned as was the case in previous years.

Popular Cherika Warehouse in Akpakpa near Cotonou with a capacity to store 25,000 bags is fully loaded with Thailand rice with no hope of evacuating them into Nigeria except government relaxes its policy of rice importation through border.


Source: DailySun
 
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