…Innoson, Bobtrack show pains over FG importation policy sommersault
The bubble of the rice revolution which Nigeria enjoyed in past few years seems set to burst due to steady importation of foreign rice at cheaper prices.
Consumers may be rejoicing but investors are wailing, saying jobs may perish as they could no longer compete with foreign rice.
Now, Local producers in key sectors from rice processors, automobile makers, and agric equipment manufacturers were said to have met in Abuja in the week with key government sectors including the House of Reps, the Senate, the presidency, etc. where they were said to have poured lamentations over their plights in the face of imported versions of what they produce with huge loans.
Apart from rice processors, others like Innocent Chukwuma of Innoson Ltd and Ibifiri Bobmanuel of Bobtrack Ltd were said to have spoken vehemently against importation that is killing the local
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