Thisday Reports, the Deputy Comptroller of the Nigeria Customs Service (NCS), Mr. Saka Yunusa Alao, has disclosed that Nigeria loses an estimated N1 billion on contraband rice daily. Alao, who was in Yola on an official visit, revealed this while taking journalists round the contraband storage facility of the Adamawa/Taraba states command.
Amount Lost Yearly – N356 billion
No Jobs Lost – 7 Million Jobs
Note: Importation of rice into Nigeria is not prohibited, by law, it is restricted from being ferried into the country through land borders.