Border Closure: CBN Appeals to Rice millers, Stakeholders Not to Increase Price

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The Central Bank of Nigeria has appealed to members of Rice Millers Association of Nigeria and other stakeholders in the rice value chain not to increase the price of rice over border closure.

Mr Godwin Emefiele, the CBN governor said this in a statement issued and made available to newsmen on Monday in Abuja by Mr Muhammed Tijani, Media Assistant to RIMAN’s Chairman.

Emefiele also called on them not to hoard rice as a result of the closure of the borders in order to increase the price, adding that such acts were unpatriotic.

The CBN governor said that the border closure was meant to promote the growth of the Nigerian economy and ensure that the country attained food self-sufficiency in the rice value chain.

He said that imported rice into the country was chemicalised for preservation, therefore not good for the consumption.

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