Business A.M
No Result
View All Result
Tuesday, March 17, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Commodities

Border closure to save Nigeria $400m – Rice growers

by Businessam Staff
July 29, 2025
in Commodities

The Rice Processors Association of Nigeria on Thursday backed the federal government’s closure of the land border with Benin Republic and other neighbouring countries.

It said the move was needed to address the rising case of rice smuggling into Nigeria from neighbouring countries, adding that the country would have lost $400m on smuggling of foreign rice through the land borders.

RIPAN described the closure as long overdue, noting that it was in the best interest of the economy.

The association said that the action of the government had suddenly returned life to the rice value chain as the hitherto subdued mills had resumed operations within one week of the border closure.

Mohammed Maifata, the president, RIPAN,said these during an interview with journalists in Abuja.
He commended the federal Government for taking the decision to carry out surveillance on the nation’s borders, stating that Nigeria risked losing over $400m to rice smuggling if over one million metric tonnes of the commodity were allowed to enter the country from Benin Republic.

Maifata said the association arrived at the figure after an intensive border and port survey.

He said the closure of the Nigerian-Benin Republic border would help curb the menace of rice smuggling and boost productivity of operators in the sector.

From January to date, he said, over one million metric tonnes of rice were brought into Benin mostly from Thailand and India.

He said, “We came to let the whole world know that we support this action and we are with the government in this journey.

“We will support them with all what we can, in terms of information and statistics – whatever they need from us – we are ready to do

Businessam Staff
Businessam Staff
Previous Post

Govt to gain $56m from sugar production

Next Post

NEC: 22m barrels of oil stolen in first half of 2019

Next Post

NEC: 22m barrels of oil stolen in first half of 2019

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Meta changes ad data rules for EU users

Meta clarifies original content standards for creators

March 17, 2026
Broadband will speed up Nigeria’s financial inclusion 

Broadband will speed up Nigeria’s financial inclusion 

March 17, 2026
CBN stabilised FX market with $200m amid global risks

CBN stabilised FX market with $200m amid global risks

March 17, 2026
FairMoney taps banking veterans, Gbenga Shobo, Debo Aderoju to strengthen corporate governance

FairMoney taps banking veterans, Gbenga Shobo, Debo Aderoju to strengthen corporate governance

March 17, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Meta changes ad data rules for EU users

Meta clarifies original content standards for creators

March 17, 2026
Broadband will speed up Nigeria’s financial inclusion 

Broadband will speed up Nigeria’s financial inclusion 

March 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M