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Monday, September 23, 2013

Nigeria loses 41.6tn on rice importation annually – Nwosu

Anthony Nwakaegho/NaijaAgroNet
Dr Kenneth Nwosu, the former Executive Director, National Root Crops Research Institute (NRCRI) Umudike, Abia, said Nigeria loses more than 260 billion dollars annually on rice importation, reports NAN.
NaijaAgroNet gathered that Nwosu made this statement while answering questions from members of the Abia House of Assembly during his screening as a commissioner nominee.
He disclosed that presently “Nigeria import more than 5.3 metric tonnes of rice from Thailand annually and that amounts to over $260 billion. As a nation, we have the potential to even produce more than 100 metric tonnes of rice as well as other commodities because our land is fertile and can grow a lot of things.”
He, therefore, advised the state government to key into agricultural policies of the Federal Government to boost food production in the state, while the youths should be engaged in the agriculture sector to check insecurity and unemployment problems.

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