Alhaji Hassan Yaro, A large-scale rice farmer in northern Nigeria has backed the decision of the Central Bank of Nigeria to lift the Forex ban on the importation of rice.
He (Alhaji Hassan Yaro) grows rice in Kano, Jigawa and Borno state and is the Chairman of the Kano Council of Traders and Entrepreneurs. He said the lifting of the Forex ban will break the monopoly of the processing and marketing of the grain by local millers.
the Central Bank of Nigeria lifted the foreign exchange restrictions it placed on importers of rice and 42 other items eight years ago.
Alhaji Yaro, who spoke to Punch correspondent while inspecting one of his rice farms Wednesday at Zabarmari, in the outskirts of Maiduguri, praised the President Bola Tinubu administration for the lifting of the ban, believing that it would flood the market with the grain and slash its price to an affordable rate for the common man.
News Source: Punch News
