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FG Is Taking Steps To Prevent Food Crisis In Nigeria

“the report of Central Bank of Nigeria (CBN) showed that Nigeria is the world’s largest importer of United States’ hard red and white winter wheat with annual food import of N635 billion. “It is also the second largest importer of rice (N700 billion in 2014), sugar (N217 billion) and fish (N97 billion).”

He, however, said “Nige­ria’s food imports are grow­ing at an unsustainable rate of 11 per cent per annum while relying on import of expensive food on global markets fuels domestic in­flation, as the country is importing what it can pro­duce in abundance. “Import dependency is hurting Nige­rian farmers, displacing lo­cal production and creating rising unemployment.”

 

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