Nigeria Imports N1bn of Rice Daily

N1billion. That is, according to the Arewa Consultative Forum’s former president, how much rice Nigeria imports every day.

Addressing shareholders of Jamaiyar Matan Arewa during a meeting, Alhaji Aliko Muhamed said spending so much on rice imports was needless given Nigeria’s assets. Comparing to China, he said: “China has a population of around 1.3 billion people but they don’t import food. They are able to feed themselves while Nigeria which has a population lower can’t feed its people without imports.”

He then called on government at all levels in the country to take necessary measures to reverse the trend. Muhammed also asked Nigerian women to urge their husbands to turn to agricultural activities.

This speech comes as Nigeria’s economy presently experiences some turmoil resulting from fall in price of oil. The situation which has driven authorities to turn to other sources of revenue places agriculture as a valid alternative to oil and gas.

– Aaron Akinocho

Hot this week

Sovereign Trust Insurance Receives Recapitalisation Certificate from NAICOM

Sovereign Trust Insurance Plc (STI), one of Nigeria’s leading...

SanlamAllianz Nigeria Launches Proud Moments 2.0, Celebrates Achievements Worth Protecting

Riding on the resounding success of its foundational debut,...

Insurance Meets Tech 5.0 Now Holds on November 20, 2026

Insurance Meets Tech (IMT), Nigeria’s leading platform for conversations...

Sanwo-Olu, Lai Mohammed, Gbenga Daniel to Discuss 2027 Elections, Insecurity at 7th Freedom Online Lecture

Challenges facing the economy and insecurity, especially associated with...

AXA Mansard Intensifies Hepatitis Awareness with Free Community Screening

As part of efforts to promote preventive healthcare and...

Topics

Nigeria Showcases Local Content Success Story at 2025 Namibia Conference

Nigeria’s local content successes in the oil and gas...

Transparency Shall Be Our Bedrock in Telecom Regulation – Maida

The Executive Vice Chairman of the Nigerian Communications Commission...

BPE Financial Bids for Mining Corporation Subsidiaries

L-R: Mr. Yunana Malo, Director, Post-Privatisation Monitoring at the...

Sovereign Trust Insurance Receives Recapitalisation Certificate from NAICOM

Sovereign Trust Insurance Plc (STI), one of Nigeria’s leading...

Delicious low-carb pumpkin seed bread recipe

Elementum nulla turpis cursus. Integer liberos kusto euismod aene pretium faucibus ...

NCDMB Unveils Nigerian Content Fund Certificate, Empowers 130 firms with $400m NCI Fund

The Nigerian Content Development and Monitoring Board has introduced...

NCC Mandates Service Providers to Inform Consumers about Major Outages on Networks

The Nigerian Communications Commission (NCC) has mandated telecom licensees...

Africa: Closing Gap Between Strategy & Execution

Most major corporations struggle with developing a business strategy...