Hmmm! Nigeria spends N365bn yearly on rice importation --FG - BIGTIMI'S BLOG

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Monday, April 22, 2013
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Nigeria is spending about N365bn annually on the
importation of 2.1 million metric tonnes of milled
rice, the Federal Government has said.

According to the government, the country is
currently the largest importer of rice in the world, a
development it notes as adversely affecting its
agricultural sector.

A document obtained by our correspondent from the
Federal Ministry of Agriculture on Friday stated,
"Nigeria is the largest importer of rice in the world,
spending N365bn per year importing 2.1 million MT
of milled rice."