This was contained in a report released on Wednesday by of Economic Confidential, a PRNigeria publication.
It showed that the dealers buy local rice at about N13,000 per 50kg bag, while they sell it to customers for between N15,500 to N16, 000. The same merchants pay about N11,000 for the smuggled foreign rice and sell to consumers between N17,500 and N19,000 per bag. In Terminus Market Jos, Mile 3 Market Port-Harcourt, Main Market, Onitsha, traders were reluctant to disclose how they got large supplies of foreign rice.
In his reaction, NCS spokesperson, Mr. Joseph Attah lamented the activities of rice smugglers in Nigeria. “We now urge the major stakeholders to join us in the campaign against the deadly activities of smugglers through advocacy and sensitizations that will lead to attitudinal changes in the part of the smugglers.”
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