Nigeria govt relaxes ban of maize importation for 4 firms

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By Admin

Deputy Comptroller General of Custom, Talatu Isa has disclosed that the Central Bank of Nigeria, CBN has approved importation of maize for four firms in the country notwithstanding the ban placed on it.

This was contained in a circular by the Nigeria Customs Service with reference number: NCS/T&T/I&E/021/S.93/VOL he signed on behalf of the Comptroller General of Customs at the weekend.

He said in the circular that CBN has granted the approval to the following companies; Wacot Limited, Chi farms Limited, Crown Flour Mills Limited and Premier Feeds Company Limited to import cumulatively 262,000 tons of maize into the country despite announcing a ban on maize importation.

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The circular reads, “In line with the government’s policy on food security, sufficiency and striking a balance between food imports and local production capacities to meet anticipated shortfall, the CBN has granted approval for the under listed companies to import maize in the quantities stated below: “Wacot Limited 30,000 tons, Citi Bank30,000 tons; Chi Farms Limited 60,000 tons, Titan Trust Bank; Crown Flour Mills Limited 22,000 tons, Coronation Bank; Premier Feed Mills Limited 120,000 tons, Zenith Bank”

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“Approval is strictly for the companies listed above and stemmed to the months of August, September and October alone. Given the clarification, all CACs are directed to note the above and approved companies and duration accordingly.”

It would be recalled that the CBN had in August announced a ban on maize import, a decision it said was taken as part of effort to control imports and encourage local production.

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Source: Nigerian Pilot

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