• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigeria to stop the importation of rice by the end of the year

Opeyemi Yekini by Opeyemi Yekini
July 13, 2017
in Business News
Customs Lifts Ban On Rice Importation Through Land
Share on FacebookShare on TwitterShare on Linkedin

 

 

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has announced that Nigeria will stop the Importation of rice by December as the country has started large scale production of rice. He made this announcement during his courtesy visit to the Osun state governor, Ogbeni Rauf Aregbesola, in his office at Osogbo.

RelatedStories

Rice prices crash by over 20% in relief for Nigerian households

Local rice production can only meet 57% of demand in Nigeria – AFAN official 

July 7, 2024
CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022

He said the goal of the visit was to strengthen the existing relationship between the Osun State Government and the Federal Ministry of Agriculture on the need to achieve better agricultural productivity.

According to Ogbeh, the Federal Ministry of Agriculture has been restructured to meet the nation’s needs on food production so as to bring an end to all forms of food importation. Nigeria is still spending billions of dollars on food importation. He further said that Nigeria spends about five million dollars on importation of rice daily and solicited the maximum collaboration and partnership between and among the various authorities to improve agriculture in Nigeria.

He also said “We have no choice in this country now but to  go back to the farm and begin to cultivate it so as to be able to free ourselves and the land from poverty because oil and gas can no longer do it.”

What are the benefits of the ban of rice importation?

• The ban of rice importation will help to reduce the money Nigeria spends on importation thus leading to economic growth.
• There will be an increase in the productivity of farmers in Nigeria.
• This increased productivity will thus lead to more employment opportunities for Nigerians.
• The ban of rice importation will help to curb the inflow of substandard rice especially the deadly plastic rice.

Even as the ban of rice importation will benefit Nigeria, it is still not certain if there are any plans by the government to improve the quality of the local rice as most people prefer to use the foreign rice to cook Jollof rice and Fried rice.

There is likely to be a significant rise in the prices of foreign rice in Nigeria even more as we are gradually approaching the festive season.

Tags: Agriculture in Nigeriaban of rice importationChief Audu Ogbehforeign riceimportation of ricelocal riceNews ReviewOfada ricethe Federal Ministry of Agriculture
Opeyemi Yekini

Opeyemi Yekini

Related Posts

Rice prices crash by over 20% in relief for Nigerian households
Agriculture

Local rice production can only meet 57% of demand in Nigeria – AFAN official 

July 7, 2024
CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
Food security threatened as Benue, and Kogi communities submerged
Exclusives

Price of onions, melon, pepper, oil, others spikes across Lagos markets

June 11, 2021
Food security threatened as Benue, and Kogi communities submerged
Consumer Goods

Traders lament low sales as prices of flour, pepper, others surge

May 28, 2021
Nigerian Rice Processors hints FG to take actions to curb sales of foreign rice
Business

Nigerian Rice Processors urge FG to take actions to curb sales of foreign rice

February 1, 2021
prices of food items, SBM Jollof Index, Smuggling of imported rice hits Lagos major markets, as residence brace for shutdown
Exclusives

Prices of major food items crash further as local and foreign rice continues to ease off

January 30, 2021
Next Post
Saka Who? Etisalat Claims 50% Lead In Ported Numbers

Etisalat Nigeria has rebranded into 9Mobile Telecom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • GTCO to list ordinary shares on London Exchange, targets global capital and higher market volume 
  • Kogi State distributes N3.2 billion worth of fertilizers to 30,000 farmers 
  • Jaiz Bank reports N24.4 billion profit for full-year 2024, on strong top-line income and other operational gains 

Follow us on social media:

Recent News

GTCO to write off Aiteo loan and switch to aggressive recovery plan

GTCO to list ordinary shares on London Exchange, targets global capital and higher market volume 

July 3, 2025
Supreme Court quashes Ajaka’s request to replace Kogi governor Ododo 

Kogi State distributes N3.2 billion worth of fertilizers to 30,000 farmers 

July 3, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics