FG orders importation of maize as food shortage looms
In preparation for the looming shortage of foods items in Nigeria, the Central Bank of Nigeria, CBN, has ordered the importation of 262,000 tons of maize and corn.
This contained in an internal memo dated August 6, 2020, endorsed by the Deputy Comptroller–General, T.M Isa (Tariff and Trade) and confirmed by the spokesperson, Joseph Attah.
The Nigeria Customs Service, in the memo with reference number: NCS/T&T/I&E/021/S.93/VOL and sighted by Ashenewsonline, granted approval to four agro-processing companies to import.
“In line with government policy on food security, sufficiency and striking a balance between food imports and local production capacities to meet anticipated shortfall, the Central Bank of Nigeria has granted approval for the underlisted companies to import maize in the quantities stated below,” the memo reads in parts.
The apex bank granted approval to Wacot and Chi Farms Limited to import maize of 60,000 tons each, while Crown Flour Mills and Premier Feed Mills Company Limited, were granted approval to import maize of 22,000 and 120,000 tons, respectively, within the period of August, September and October.
“Note, approval is strictly for the four (4) companies listed above and stemmed to the months of August, September and October only.
“Given the clarification, all CACs are directed to note the companies, approved quantity, duration and jerque accordingly,” the memo further reads.