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

The First Foundations of Inclusion: Mobility, Education and Nigeria’s Future

Chuma Nwokocha | Chief Executive, Stanbic IBTC Holdings Discussions about...

NAICOM Issues Official Disclaimer, Public Notice over Suspected Impersonation of CFI

DISCLAIMER ON FRAUDULENT SOCIAL MEDIA ACCOUNTS, IMPERSONATION OF THE...

‘Nigeria Unseen’: NLNG Announces 2027 Creative Arts Prize Call for Entries, Appoints Advisory Board

Nigerian filmmakers are being challenged to show audiences a...

Ecobank Adire Lagos Returns with Bigger Dec Edition, Targets 35,000 Visitors, 150 African Brands

Ecobank Nigeria has announced the return of Ecobank Adire...

InvestBeta Gameshow 3.0 by Stanbic IBTC Asset Management Now Live on YouTube

InvestBeta Gameshow 3.0 is officially live on the Stanbic...

Topics

Lagos Comic Con Show Returns Sept 19

The Lagos Comic Con, now known as the Fearless...

FCMB May Shut 36 Branches to Save Cost

There are growing indications that First City Monument Bank...

INEC Ready for Election as Yakubu Arrives Awka, Meets Anambra Police Chief

L-R: Commssioner of Police, Anambra State, Mr. Echeng E....

NCC Reports 97% Readiness Level for 5G Deployment in Nigeria

The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation...

Mobile Technology Connects Africa with Global Markets

The growth of mobile phones and services across the...

A Climate Change Agreement Is a Global Health Agreement

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

Sovereign Trust Insurance Wins “Best Digital Innovation Insurance Company of the Year’ Award

L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations...