Nigeria Loses $5bn To Smuggling Annually ~ FG


The Minister of Agriculture and Rural Development, Chief Audu Ogbeh related newsFG set to raid markets for smuggled poultry products.

The Federal Government of Nigeria says Wednesday that the country is annually losing $5 billion to smuggling.

The Minister of Agriculture, Audu Ogbeh, said this while addressing State House reporters after the weekly cabinet meeting.
Ogbeh said the government had to tackle smuggling as it was compromising the progress made in the production of grains.

"That was why the president had to say yesterday (during the 2018 budget presentation at National Assembly) that we will come down hard on activities of smugglers because they are doing us a lot of damage. In fact, the World Bank says that they are costing us $5 billion worth of loss per annum. We keep fighting, little here, a little there. We 'll get there," he said.

The minister also stated: “I can give you some figures. Between September 2015 and now, rice importation through the ports have dropped from 644,131 tons to 20,000 tons in September this year, which means that by the end of this year to the early part of next year we can literally say we are closed to total self-sufficiency in rice.

"On the other hand, in Republic of Benin, rice importation has increased to 1.33 million tons because they don’t eat parboiled rice, they eat white rice. "

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