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Phased import substitution policy the way forward – Tunji Owoeye

Rice import policy
The policy of the Federal government is noble and desirable. Any country that is forward looking, will want to pursue that route. The Minister of Agriculture is clear in his vision to grow rice locally, as we have more than 60 percent arable land in Nigeria. Government felt that we should discourage import and encourage our local rice production. The government did not take into consideration, the harm that smugglers will unleash on this noble policy. Now, the importers are put on hold because they cannot compete with the prices of smuggled rice, neither could the farmers and processors.

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