Nigeria Loses N1bn Daily To Rice Importation

For a very long time agriculture was the mainstay of the economy, however, but since the discovery of oil, the sector and many others, have been left unattended to.

The boom in crude oil resulted in the present situation, where the country imports several consumable products, at the detriment of its economic growth.

According to the  Special Adviser to the President on the New Partnership for Africa’s Development, NEPAD and African Peer Review Mechanism, APRM, Ambassador Fidelia Akuabata Njeze, Nigeria loses N1billion daily to rice importation.

Speaking at a one-day stakeholders forum on the establishment of the Nigeria/ECOWAS rice sector policy and regulation advocacy platform held in Abuja on Wednesday, February 4, Njeze noted that due to the importation of rice, Nigeria has been exporting jobs and financial resources meant for the transformation of the domestic rice sector in the country.

While commending the Competitive African Rice Initiative program CARI for organizing the event, she said the effort would compliment government efforts to end rice importation into the country.

 

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