Rice Importation Drops By 91 Percent

Official figures on rice exportation from Thailand to Nigeria between 2014 and 2016, has revealed that the volume of rice imported to Nigeria has dropped.

According to the figures, the importation dropped from 1.24 million tonnes in 2014, to 58,260 tonnes in 2016, representing a 91 per cent decline. The drop in importation has been attributed to President Muhammadu Buhari New Year broadcast, to ban the importation of rice import in 2018.

Industry sources believe that the reduction in Nigeria’s importation trend was facilitated by the successful implementation of the Anchor Borrowers’ scheme of the Central Bank of Nigeria (CBN), from which many states had benefited.

He said: “We have got to get used to discipline and direction in economic management. The days of business as usual are numbered. Two years ago, I appealed to people to go back to the land. “I am highly gratified that agriculture has picked up, contributing to the government’s effort to restructure the economy.“Rice imports will stop this year. Local rice, fresher and more nutritious variants would be on our dishes from now on.”

According to Buhari:

“Great nations are built by enterprising people who turn their hands to anything that circumstances dictate.”

To intensify local production, Nigeria Incentive-Based Risk Sharing System for Agriculture (NIRSAL) is deploying an innovative nation-wide field structure to support 225,000 farmers under the CBN Anchor Borrowers Scheme.

However, the report added that Benin Republic’s rising rice export figures is posing a challenge in its border with Nigeria. A USDA review of the agricultural situation in Benin, published in March 2014, stated: “Benin serves as a delivery corridor for West Africa, reaching more than 100 million people in the landlocked countries of Niger, Mali, Burkina Faso, Chad and the northern states of Nigeria.”


Nigeria To Ban Rice Importation This Year

In recent times, the agricultural sector has worked towards empowering farmers. The focus on agriculture is in a bid to ensure the country does not rely on importation to feed.

President Buhari in his New Year speech delivered in a live broadcast this morning, disclosed that the Federal government will stop the importation of rice beginning from this year

”Two years ago I appealed to people to go back to the land. I am highly gratified that agriculture has picked up, contributing to the government’s effort to re-structure the economy. Rice imports will stop this year. Local rice, fresher and more nutritious will be on our dishes from now on” he said


Prices Of Food To Fall Soon: Ogbeh

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has given Nigerian hope concerning the prize of food in the country, promising that it will fall soon. He disclosed that the Federal Government will stop

He disclosed that the Federal Government will stop the importation of rice this year. Explaining the reason behind the policy, Ogbeh hinted that the country has enough internal production that can sustain home consumption and meet foreign exchange earnings that can guarantee diversification of the economy.

Audu Ogbeh In order to further boost internal production of the commodity and enhance the country’s comparative advantages in rice and yam production, Ogbeh stated that the federal government will sign a memorandum of understanding with Afe Babalola University, Ado Ekiti (ABUAD) and Ekiti State Government in the two critical sectors.

“Of recent, prices of diesel increased from N130 pr litre to about N280, which makes the cost of tractors to move up to N14 million from N7 million. The interest rate on every loan given to farmers also went up, so the aggregate of all these factors caused an increase in the prices of food items. “We are concerned with the plights of Nigerians. We knew that many are hungry but we are working around it because it doesn’t speak well of us in government that people are hungry.”