Importers to pay N300b freight rates on foreign rice to Nigeria, others

Foreign rice importers will pay a total of N300 billion ($579. 75million) to shipping lines as freight rates by the end of this year.

The rice importers, who are expecting their consignments from Thailand and other Asian countries are from Nigeria, Republic of Benin, Togo and Ghana, it was learnt.

Last Thursday, the Nigeria Customs Service, Federal Operation Unit (FOU) Zone ‘A’ said, confiscated 13, 342 bags of 50kg just within the last five weeks.

Investigation revealed that in the first week of October, 2021, the shipping lines imposed $150 on a ton of parboil rice valued at $405 because of scarcity of containers.

Read more from the source- EIN