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

AFRACA-NIRSAL Masterclass Builds Financial Institutions’ Capacity for Climate, AI-Driven Agricultural Finance

The African Rural and Agricultural Credit Association (AFRACA), in...

Shell Reinforces Safety Commitment at CEO Contractors Forum

Shell leaders and Contractor CEOs at the Annual Shell...

Guinea Insurance Receives New Licence from NAICOM Post-Recapitalisation

L-R: Ademola Abidogun, Managing Director/CEO, Guinea Insurance Plc and...

AXA Mansard Reports N7.8bn H1 Profit, Capital Base Meets Recapitalisation Threshold

AXA Mansard Insurance Plc has sustained its growth momentum...

AXA Mansard Health Int’l Health Plan Covers Cancer, Other Chronic Health Conditions

 Mr. Tope Adeniyi CEO AXA Mansard Health AXA Mansard Health’s International Healthcare...

Topics

‘Why Old Mutual is Investing Millions in Nigerian Property & Agriculture’

This month, South African financial services firm, Old Mutual...

Growth on African Business Agenda – PwC Report

Africa remains one of the preferred frontiers for investment...

NAICOM, Police Begin Crackdown Against Sale of Fake Insurance Policies

The National Insurance Commission (NAICOM) has launched a crackdown...

P+ Measurement Services, PR Intelligence Firm Celebrates 5th Anniversary

P+ Measurement Services, Nigeria's foremost Independent Public Relations (PR)...

CBN: ‘Heritage Bank is Strong, Healthy’

The Central Bank of Nigeria (CBN) has debunked widespread...

Universal, Guinea, Norrenberger Excite Stakeholders With Innovative Products, Excellent Service Delivery

Poised to increase insurance uptake and deepen insurance penetration...

A Climate Change Agreement Is a Global Health Agreement

The World Health Organisation (WHO) kicked off its global...