Tag
BORDER CLOSURE
Tinubu has ordered NCS to hand over food items taken at border to their rightful owners under the condition that they are sold domestically.
The average cost of making a pot of jollof rice in Nigeria rose by 7.8% between March 2020 and March 2021.
According to experts, protectionism if properly implemented can help boost Nigeria's local production and the economy.
Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005.
Nigerians cannot afford to buy food as the price of food is skyrocketing every month.
NANTS has appealed to the FG to investigate complaints of genuine traders whose goods and containers were seized since border closure.
This comes as both countries have traded words over the closure of Nigerian-owned shops in Ghana.
In a series of tweets, the Ghanaian foreign minister described how Nigeria's border closure affected Ghanaian exporters.
The report also showed that composite food index rose to 15.18% compared to 15.04% recorded in May 2020.
he president made these pronouncements via a series of tweets published on Thursday night via his twitter handle.
Mr Sabo Nanono, was quoted in a news report as saying Nigeria would hopefully begin to export rice to other countries in the next two years.
Three factors are constraining Nigerian rice farmers from meeting their full potentials in terms of producing enough to meet growing the demand.