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

PenCom Engages Lagos State over Increase in Pension for Lagos State Retirees

The National Pension Commission (PenCom) acknowledges the concerns expressed...

The Nigeria Prize for Literature: Eze, Ifowodo, Oburumu in the Race for $100,000

The field has narrowed and the race for the...

Ecobank Unveils N20m InnovateX 2026 Opportunity for Young Nigerians

Ecobank Nigeria has called on young Nigerians, particularly students,...

Leadway Assurance Partners Orivon to Unveil EEWYLA Program at LAUTECH

Oriyon International Limited, a livestock production and aggregation company focused...

Tinubu to Declare Niger Delta Economic, Investment Summit Open Sept 15

President Bola Ahmed Tinubu is expected to declare open...

Topics

CAMCONIA Holds Annual Retreat August 22 in Abeokuta

The Corporate Affairs Managers Committee of the Nigerian Insurers...

NNPCL: Port Harcourt Refinery Not for Sale

Group CEO, NNPC Limited, Engr. Bashir Bayo Ojulari addressing...

NAICOM, NDPC to Partner on Data Protection

The Commissioner for Insurance/CEO NAICOM Mr. Olusegun Ayo Omosehin...

Chinedu Moghalu Appointed Snr Comm Specialist by UN Body

Chinedu Moghalu Chinedu Moghalu, a Nigerian, has been appointed the...

AIG CEO Rejects Plan to Split Insurance Firm

American International Group Inc. Chief Executive Officer, Peter Hancock...

NNPC Inks Floating LNG Agreement with UTM Offshore, Advancing Domestic Gas Use in Nigeria

The Nigerian National Petroleum Corporation (NNPC) signed a Heads...

Coping in Nigeria’s High-Inflation Economy

 By Elvis Eromosele Economists say inflation is a persistent rise...

Microsoft, Angola Cables Drive Africa Digital Transformation

Angola Cables announced yesterday that it has become a Microsoft...