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

Tinubu’s Biggest Opponent is Not Obi or Atiku… It’s Tinubu

  By Moses Braimah "A government that spends more time explaining...

NHIA: 22m Nigerians Embrace Mandatory Health Insurance as Momentum Rises

The National Health Insurance Authority (NHIA) has announced significant...

Warrior Mums Global to Host Inaugural Warrior Mums Conference 2026 in Lagos

  Empowering Mothers to Raise Leaders, Nation Builders and...

NLNG Wins Operational Excellence Award at NOG Energy Week 2026

NLNG Managing Director, Adeleye Falade (centre), flanked by Deputy...

Polo Avenue Invites Lagos to Its Exclusive 2026 Sample Sale

Polo Avenue, Nigeria's premier luxury fashion destination, is set...

Topics

Rosatom Empowered 1000 Girls in Eastern Cape Province

As a strategic way to celebrate the October 11...

Luanda: Most Expensive African City for Expats in 2016

Luanda, the capital of Angola is the most expensive...

AfriTech 2020: Sanofi Selects 11 Start-ups for Online Finale on June 11

  Following the cancellation of the 2020 edition of Viva...

Global Capital Standards Finalised For AIG, 8 Big Insurers

The world’s nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. Regulators decided to look at the multi-trillion dollar insurance industry following the massive public rescue of insurer AIG in the United States during the 2007-2009 financial crisis.

Nigeria, Country Example, at Paris Corruption Conference

This week, 200 leading anti-corruption leaders are meeting in...

Nigerian Exchanges Collaborate for Greater Global Competitiveness

The Nigerian capital market will on Wednesday, August 8,...

World Telecom & Information Day Targets ICT Entrepreneurship

The World Telecommunication and Information Society celebrated the fact...

Afreximbank, Islamic Group Sign $100m Africa Financing Pact

The African Export-Import Bank (Afreximbank), a multilateral financial institution...