Hmmm! Nigeria spends N365bn yearly on rice importation –FG

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."

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