The Federal Government (FG) has rejected plea by Vietnam that its rice should be allowed into Nigeria.
Instead,
the FG asked Vietnamese investors to build rice processing mills in
Nigeria, given the country’s large arable lands and potentials in rice
farming.
Speaking at the Nigeria-Vietnam Trade and Investment
Forum (NVTIF) in Abuja yesterday, the Permanent Secretary in the
Ministry of Industry, Trade and Investment, Sunday Akpan, told the
gathering that Vietnam was among the top five rice producers in the
world.
Akpan said Nigeria would welcome collaboration with
Vietnamese government and investors in the area of building rice
processing mills in Nigeria given their vast experience in rice
production.
The permanent secretary’s position appears to be a
rejection of the appeal of the Vietnamese government that the Federal
Government should allow it to export rice to Nigeria at discounted
rates.
The Deputy Prime Minister of Vietnam, Vuong Dinh Hue, had
on Tuesday made the appeal through the ruling APC when he led a five-man
delegation to meet the Adams Oshiomshole-led National Working Committee
(NWC) of the party. The appeal may not be unconnected with the
biting effect of Nigeria’s recent border closure and ban on rice
importation through the land borders.
Rejecting the appeal, the
APC Chairman, Oshiomhole, had told the visiting deputy prime minister
that Nigeria would not accept such demand from Vietnam, advising the
country to rather secure land and invest in rice production in Nigeria.
Oshiomhole
said, “If government allows importation of food, our youths will become
idle; that will lead to unemployment. We want to promote food security.
Rather than importing rice from Vietnam, your (Vietnam) farmers can
take advantage of our arable land. We have to do that not only to
protect farmers, but to tackle food security,” he said.
The Abuja
Chamber of Commerce and Industry (ACCI) President, Prince Adetokunbo
Kayode, in 2017, said the trade volume between the countries was
$303.83m, out of which Nigeria’s export to Vietnam was $232.65m and
imports from Vietnam was $71.18m.
Kayode said Nigeria’s exports
to Vietnam were mainly raw materials, especially cashew nuts, while
imports were mainly mobile phones, electronics, textiles, plastics,
chemicals and machinery parts.
He said, “Nigeria and Vietnam must
devise more areas of economic cooperation in important sectors like oil
and gas, maritime, mining, construction, power, agriculture, cement,
transportation, engineering, telecommunication and education. This is in
order to add maximal value to our economies on a win-win basis and to
ensure mutual prosperity.”
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