Vice President Yemi Osinbajo, has declared that foreign exchange constraints and the availability of arable land in Nigeria makes the case for improved local agricultural production in Nigeria an imperative, rather than continued importation with its significant pressure on dwindling foreign earnings of the country.
He gave this explanation earlier on Thursday while receiving in his office a Russian delegation led by the Russian Minister of Agriculture who is also the Co-Chair of the Nigeria-Russia Joint Commission, Mr. Alexander Tkachev.
“The oil […]
According to reports, the Nigerian National Petroleum Corporation has stopped the importation of Dual Purpose Kerosene into the country for three months running, its latest financial and operations report has revealed.
According to the August 2016 edition of the report, the last time that the corporation imported kerosene into Nigeria under the Direct-Sale Direct-Purchase/Offshore Processing Agreement was in May.
An analysis of the report on Wednesday showed that in the months of June, July and August this year, the NNPC did not […]
According to reports, the Special Adviser on Media and Publicity to President Muhammadu Buhari, Femi Adesina, has decried the widespread propaganda that the Federal Government has place on outright ban on rice importation.
Adesina said this when he appeared on SweetFm’s flagship programme, The Podium.
He said the government only placed a ban on rice importation via land borders.
He said the ban on rice importation via land borders was placed so as to curtail smuggling and ensure revenue generation from rice importation.
Nigeria is presently in short supply of 600,000 tons of dairy milk and is partnering with major national and international stakeholders in the dairy sector to inject a considerable volume and drastically reduce importation of milk in 2019, the Federal Government has said.
The Minister of Agriculture and Rural Development, Audu Ogbeh, represented by the Director of Animal Production and Husbandry Services, Dr. Egejuru Eze, said this during the just concluded two-day multi-stakeholders roundtable conference in Abuja with the theme: “Milky […]
Rice importation into the country is to end next year, the Minister of Agriculture and Rural Development, Chief Audu Ogbe, has assured.
He spoke at a joint Anchor Borrowers rice farm inspection with the Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, and the Governor of Niger State, Alh Abubakar Bello, at Sunti, Lavun Local Government Area of Niger State, at the weekend.
According to him “The federal government’s massive rice production programme, has made huge impacts on the […]
According to reports, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Thursday disclosed that Nigeria, with the current surplus of rice production maintains the ban of importation as it is set to beat its year 2017 target of self-sufficiency.
The Minister, who was represented by his Ministry’s Director of Planning, Musa Alhassan, stated this at a roundtable meeting of Rice Supply Chain of the Agribusiness Supplier Development Programme jointly organised by the Ministry, the United Nations Development Programme […]
According to reports, the Campaign for Democracy, CD, has given the Federal Government a 14-day ultimatum to lift the ban on rice importation, to help reduce premature deaths by suicidal actions by hungry and frustrated Nigerians.
National Publicity Secretary of CD, Dede Uzor Uzor, who gave the ultimatum in Onitsha, Anambra State yesterday, said since government does not have any incentive for farmers to produce enough rice for local consumption, there is no need banning importation of such an important commodity.
According to reports, the Federal Government has denied insinuations that it had completely banned rice importation into the country, saying that it only restricted the importation of the product through the designated Sea Ports.
The Comptroller General of Customs, Col. Hameed Ibrahim Ali (retd), explained that the restriction became necessary in order to protect the country’s local industry and enhance national food security.
Ali, who stated this at a joint press conference on illegal rice importation to Nigeria, in Abuja, maintained that […]
Nigeria Customs Service said it has not reversed the ban on Rice importation through the land borders.
Service Public Relations Officer, Deputy-Comptroller Wale Adeniyi, said this while reacting to an online report which quoted an interview purportedly granted by him.
Adeniyi in a statement on Sunday said, “It has become necessary to re-state the true position in view of the confusion which these online publications may create in the industry.
“It is even more expedient to provide this clarification given that the fact […]
President Muhammadu Buhari on Saturday said Nigeria would save $10 billion annually from importation of petroleum products when the nation’s four refineries were fully repaired.
The president disclosed this in a nationwide broadcast to mark the nation’s 56th Independence Anniversary on Saturday.
The President frowned at the situation where half of the nation’s foreign exchange earnings were being spent on importation of petroleum and food items.
He attributed the current socio-economic hardship being experienced in the country to inability of the previous administrations […]
Nigeria has the people and the resources to surmount her economic problems, President Muhammadu Buhari has assured.
Receiving President of the African Development Bank, ADB, Akinwunmi Adesina, at State House, Abuja, on Monday, President Buhari said: “God has given us people and resources. It will take hard work on our part, but we will make it. We will get out of our problems. We are determined to produce what we eat, and stop importation. We will also chase those who stole, […]