Following the depreciation in Naira and unstable rate of the United States Dollar, Importers Association of Nigeria, IAN, has said that its members are beginning to move into farming business.
The National Secretary of the group, Kingsley Chikezie, said that the unstable rate of the Dollar and the depreciation of the Naira, have made importers to stop trading for some time now.
Chikezie said that even the charges at the ports have not helped matters adding that the group is watching and monitoring the situation before they know what to do.
He said nobody is currently importing and challenged our correspondent to go around the Supermarkets and see how commodities have been depleted.
He stated: “Nobody is importing, there are too many problems in the country, and even the tariffs at the ports have also been increased.
“For instance, when you buy something for $100 this week and exchange it for N370, but before the end of the following week, the rate would have changed to N400 or more.
Everybody is waiting to see what happens, and we are trying to go into agriculture and look at the export opportunities, we are trying to get some markets abroad and using this farming period to source for these markets.
“Within this period of planting, we will be looking for customers for our produce.’’
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