NewStats: 3,262,004 , 8,175,850 topics. Date: Saturday, 31 May 2025 at 01:31 PM 2g1z5e

Against the backdrop of the Central Bank of Nigeria’s policy of zero allocation of dollars for the importation of 41 items, including rice; import of rice from Thailand to Nigeria dropped from 1.23 million metric tonnes in 2014 to 23,192 metric tonnes as at November 2017.

According to data on the Thai Rice Exporters Association website, the value of these exports also dropped to 324 million Thai baht (from 8.2 billion Thai Bhat).

Thailand’s rice export to Nigeria (180 million people):

2014 — 1,239,810 metric tonnes2015 — 644,1312016 — 58,2602017 — 23,197

At this rate, by 2020 Nigeria will be exporting rice?

Thailand’s rice export to Benin (10.8 million people): 

2015 — 805,7652016 — 1,427,0982017 — 1,647,387

Industry sources believe that the reduction in Nigeria’s importation trend was facilitated by the successful implementation of the Anchor Borrowers’ scheme of the Central Bank of Nigeria (CBN), from which many states had benefited.

He said: “We have got to get used to discipline and direction in economic management. The days of business, as usual, are numbered. Two years ago, I appealed to people to go back to the land. “I am highly gratified that agriculture has picked up, contributing to the government’s effort to restructure the economy.“Rice imports will stop this year. Local rice, fresher and more nutritious variants would be on our dishes from now on.”

According to Buhari:

“Great nations are built by enterprising people who turn their hands to anything that circumstances dictate.”

To intensify local production, Nigeria Incentive-Based Risk Sharing System for Agriculture (NIRSAL) is deploying an innovative nation-wide field structure to 225,000 farmers under the CBN Anchor Borrowers Scheme.

Curiously though, Nigeria’s neighbours, Republic of Benin, recorded an astronomical increase in rice imports from Thailand, from 805,765 metric tonnes in 2015 to 1,647,387 million metric tonnes as at November 2017 — leading to suspicion that the drop in Nigeria’s import may not have to do with the claim by the Federal Government that the country now produces enough rice for domestic consumption, but the zero dollar allocation that has placed the burden of sourcing foreign exchange for the importation of the affected 41 items on the importer.

Meanwhile, Thailand is expected to have some 9.5 million tons of rice for export this year, a senior government official said.

The 9.5 million tons of the Thai rice will bring some 4.7 billion U.S. dollars in export value throughout 2018, according to acting Foreign Trade Department director-general Adul Chotinisakorn.

That compared to last year’s 11.48 million tons of the Thai rice which secured 5.1 billion U.S. dollars in export value, the acting department chief said.

However, Thailand has remained the world’s largest exporter of Hom Mali (fragrant jasmine) quality rice, he said.

The forecast drop in the export volume of the Thai rice would apparently result from unfavorable weather conditions and the government’s policy to cut down the overall producing volume for fear of oversupply to the world market.

 

SOURCE: https://brandspurng.com/thailands-rice-export-to-nigeria-drops-by-91/

Some people would rather die than believe progress is being made.

Believe this at ur own p....

OK

Hello from the other side. At least we have some corroboration. Make the price of rice sha come down

True

Upon all this things we read on paper everyday, Both local and foreign rice are still very costly with #100 difference. People will always prefer stone free foreign rice with extra #100 than Stoney rice. Reduce the price of local rice drastically and it will force importers to stop due to lack of buyers

nice 1

Thank God

To some it good news but what we know is that rather than Thailand to Lagos, it goes Thailand to cotonou and then from cotonou it’s smuggled to Lagos.

Well... I stil eat imported rice

Fake report. Did dey factor in cotonou rice

believe it or not...its gonna get better

sai baba

yes they don't need to export to Nigeria directly. just export to some neighbouring countries on the request of Nigeria importers then smuggle it through the borders.

We know that there is no form of improvement in local production. you don't ban rice when local production is not sufficient

Nice one

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GavelSlam:
Some people would rather die than believe progress is being made.

if d amount from Thailand 2 Nigeria has dropped by 91%,then which rice have we been eating in Nigeria?

yeyerolling:
Did dey factor in smuglling

that's were propagandists missed it

tempex88:
To some it good news but what we know is that rather than Thailand to Lagos, it goes Thailand to cotonou and then from cotonou it’s smuggled to Lagos.

Well said! We don't do direct importation from Thailand that much. If the figures for importation from Cotonou were to be published, the figures would be stratospheric! Nigerians eat rice all year round, if we are not getting it directly from thailand, we sure are getting it from somewhere.

Another distraction. Tell Buhari to declear his herdsmen terrorists.

This is a very good development, May continue to make things easy for all Nigerians and Nigeria as a whole

BrandSpurNG:
Against the backdrop of the Central Bank of Nigeria’s policy of zero allocation of dollars for the importation of 41 items, including rice; import of rice from Thailand to Nigeria dropped from 1.23 million metric tonnes in 2014 to 23,192 metric tonnes as at November 2017.

According to data on the Thai Rice Exporters Association website, the value of these exports also dropped to 324 million Thai baht (from 8.2 billion Thai Bhat).

Thailand’s rice export to Nigeria (180 million people):

2014 — 1,239,810 metric tonnes2015 — 644,1312016 — 58,2602017 — 23,197

At this rate, by 2020 Nigeria will be exporting rice?

Thailand’s rice export to Benin (10.8 million people): 

2015 — 805,7652016 — 1,427,0982017 — 1,647,387

Industry sources believe that the reduction in Nigeria’s importation trend was facilitated by the successful implementation of the Anchor Borrowers’ scheme of the Central Bank of Nigeria (CBN), from which many states had benefited.

He said: “We have got to get used to discipline and direction in economic management. The days of business, as usual, are numbered. Two years ago, I appealed to people to go back to the land. “I am highly gratified that agriculture has picked up, contributing to the government’s effort to restructure the economy.“Rice imports will stop this year. Local rice, fresher and more nutritious variants would be on our dishes from now on.”

According to Buhari:

“Great nations are built by enterprising people who turn their hands to anything that circumstances dictate.”

To intensify local production, Nigeria Incentive-Based Risk Sharing System for Agriculture (NIRSAL) is deploying an innovative nation-wide field structure to 225,000 farmers under the CBN Anchor Borrowers Scheme.

Curiously though, Nigeria’s neighbours, Republic of Benin, recorded an astronomical increase in rice imports from Thailand, from 805,765 metric tonnes in 2015 to 1,647,387 million metric tonnes as at November 2017 — leading to suspicion that the drop in Nigeria’s import may not have to do with the claim by the Federal Government that the country now produces enough rice for domestic consumption, but the zero dollar allocation that has placed the burden of sourcing foreign exchange for the importation of the affected 41 items on the importer.

Meanwhile, Thailand is expected to have some 9.5 million tons of rice for export this year, a senior government official said.

The 9.5 million tons of the Thai rice will bring some 4.7 billion U.S. dollars in export value throughout 2018, according to acting Foreign Trade Department director-general Adul Chotinisakorn.

That compared to last year’s 11.48 million tons of the Thai rice which secured 5.1 billion U.S. dollars in export value, the acting department chief said.

However, Thailand has remained the world’s largest exporter of Hom Mali (fragrant jasmine) quality rice, he said.

The forecast drop in the export volume of the Thai rice would apparently result from unfavorable weather conditions and the government’s policy to cut down the overall producing volume for fear of oversupply to the world market.

 

SOURCE: https://brandspurng.com/thailands-rice-export-to-nigeria-drops-by-91/

this is information to ponder

Ekugbeh:
Believe this at ur own p....

peril

tempex88:
To some it good news but what we know is that rather than Thailand to Lagos, it goes Thailand to cotonou and then from cotonou it’s smuggled to Lagos.

lexy2014:
if d amount from Thailand 2 Nigeria has dropped by 91%,then which rice have we been eating in Nigeria?

Nigerian rice.

Dhayor001:
Thank God

thank God for what?

Nonsense. The rice figures from Thailand to Cotonou increased to close the gap. So all the rice is still entering Nigeria.

Be honest to yourselves, when last did you enter market and see Nigerian brands? The markets are still filled with royal stallion and Mama Gold Rice.

Ask Buhari or Oyegun if they eat Nigerian rice.

D

What about their export to Benin Republic (Cotonou)?

OK

Ijaya123:


Nigerian rice.

no b small thing...no b only Nigerian rice, na Cotonou rice

This is a very good development, May Allah continue to make things easy for all Nigerians and Nigeria as a whole