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

PufferPay CEO, Emmanuel Ovaga, to Keynote Business Journal Fintech & Financial Inclusion Roundtable 2026

Mr. Emmanuel Ovaga, the Chief Executive Officer (CEO) of...

SERAP asks Akpabio, Abbas to Explain ₦1.3bn Allocation to ‘Fictitious Presidential Council’

The Socio-Economic Rights and Accountability Project (SERAP) has urged...

FG to IMF: Response to Recent Misrepresentations on Public Expenditure

The Federal Government has noted recent public commentary alleging...

Topics

AIG to Invest $1.3bn by 2023 on Technology, Services

  American International Group (AIG) says it will invest $1.3...

PenCom, EFCC Partner on Non-Remittance of Pension Funds

The National Pension Commission and the Economic and...

Cars45 Expands Retail Footprints with Enyo Partnership

In continuation of its drive to facilitate ease of...

CIIN Names Abimbola Tiamiyu as New DG

Mrs. Abimbola Tiamiyu Director-General CIIN The Chartered Insurance Institute of Nigeria (CIIN)...

MTN Nigeria Reports Net Loss of N515bn in 9 Months of 2024

MTN Nigeria Plc net losses grew by more than...

BPE Financial Bids for Mining Corporation Subsidiaries

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

CIIN Unveils Programme for Insurance Week 2026

The Chartered Insurance Institute of Nigeria (CIIN) has rolled...

Densiva.ng: Open for Business, Investment in Digital Ecosystem

Densiva.ng, a frontline online marketplace where buyers and sellers...