Godwin Emefiele, the Governor of Central Bank of Nigeria, on Monday met with President Muhammadu Buhari on the state of the nation.
Briefing newsmen after meeting the president, Emefiele said the land’s borders would remain closed until the neighbouring countries agree to implement mutual anti-smuggling policies that will checkmate the operation.
The CBN governor noted that Nigerian rice and poultry farmers have benefited immensely since the closure of the border.
“Recently, and this is the absolute truth, about two weeks before the border closure, the chairman of the Rice Processors Association – incidentally, he owns Umza Rice in Kano – called me and said that all the rice millers and processors are carrying in their warehouses nothing less than 25,000 metric tons of milled rice.
“This rice has been unsold because of the smuggling and dumping of rice through Republic of Benin and other border posts that we have in the country and that he would want us to do something about it.
“Secondly, we also have members of the Poultry Association of Nigeria who complained that they have thousands of crates of eggs that they could not sell; even some of the processed chickens that they could not sell, also arising from smuggling and dumping of poultry products into Nigeria.
“A week after the borders were closed, the same rice millers association called to tell us that all the rice that they had in their warehouses have all been sold,” he said.