Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Floods destroy over 25% of Nigeria’s rice harvests

William UkpebyWilliam Ukpe
3 years ago
in Business News
order Closure: Nigerian rice farmers are struggling to feed a rice-hungry nation
Share on FacebookShare on TwitterShare on Linkedin

The recent flooding in rice-producing Kebbi State has destroyed over 25% of Nigeria’s expected 8 million tons of rice harvests this year.

This was disclosed by the Kebbi State Chairman of the Rice Farmers Association of Nigeria, Mohammed Sahabi, in an interview with Bloomberg on Saturday.

READ: MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results? 

President Muhammadu Buhari had earlier expressed worries about the effects of the flooding in Kebbi State on Nigeria’s Rice harvests this year. “It’s a setback to our efforts to boost local rice production as part of measures to stop food importation,” he said.

“This bad news couldn’t have come at a worse time for our farmers and other Nigerians who looked forward to a bumper harvest this year in order to reduce the current astronomical rise in the costs of food items in the markets.”

READ: CBN to support maize farmers, projects 12.5 million metric tons in 18 months

Mr. Sahabi said that 450,000 hectares of rice were flooded and written off, and other rice farmers in Kano, Enugu, Jigawa and Nasarawa also recorded losses. He added that heavy rainfall was predicted for the year, however, “we didn’t expect that the damage will be of this magnitude.”

“Our target at state level was 2.5 million tons this year, but now we are looking at only 500,000 tons of harvest,” he added.

The All Farmer Association of Nigeria warned that the flooding may lead to food security challenges, though it might be too soon to know the true impact of the heavy rainfall on agriculture output.

Related

Tags: Mohammed SahabiRice Farmers Association of Nigeria

Leave a Reply Cancel reply

Press one
hfm
Mega Millions
fidelity banner
SME
HFM
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Nigerian Exchange closes bearish as investors lose N341 billion
  • Just in: NLC, TUC suspend planned strike over naira scarcity
  • Xiaomi Launches Redmi Note 12 Series in Nigeria Inspiring Users to “Live Vivid”

Follow us on social media:

Recent News

The Nigerian Exchange closes bearish as investors lose N341 billion

Nigerian Exchange closes bearish as investors lose N341 billion

March 28, 2023
Just in: NLC, TUC suspend planned strike over naira scarcity

Just in: NLC, TUC suspend planned strike over naira scarcity

March 28, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!