Fake News! – Emefiele Dismisses Nigeria’s Rice Importation Claims

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has dismissed as fake news the reports that Nigeria’s rice import has increased by 400,000 tonnes.

This follows a report by a United States agency that Nigeria’s rice imports had increased by 400,000 tonnes in 2018.

His dismissal comes after another report by the United States Department of Agriculture (USDA) which projects Nigeria will import 400,000 tonnes of rice in 2019, becoming the second largest importer of rice in the world, after just China.

But in his speech at the 2018 Nigeria Investment Conference hosted by the Chartered Financial Analysts (CFA) Society of Nigeria in Lagos last week, Emefiele said Nigeria has imported only 25,000 tonnes of rice in 2018, TheCable writes.

“I was reading a report where the United States said the volume of imports of rice increased by 400,000 tonnes,” he said.

“I am not a politician, but people should be very mindful when they open their mouths to say what is untrue because we would come out as central bank to attack it particularly if you use data incorrectly.

“I seize the opportunity to say that it is untrue. The data that we have today shows that rice imported legally into the country is less than 25,000 tonnes in 2018 so far.

“Then how come an agency which has not been to Nigeria or even been to the farms to see what we are doing, just come up and say that Nigeria has imported 400,000 tonnes above what it normally should import?

“Go to the data of countries that export rice, you would see their data; you would find the quantity of rice imported by Nigeria. This is false and fake news.”

According to the CBN, over N100 billion has been invested into the Anchors Borrowers Programme for the cultivation of rice, wheat, sorghum and many other farm produce.

The CBN says over 800,000 farmers have benefitted directly from the scheme, which has been responsible for a drastic fall in Nigeria’s rice imports.

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