Nigeria Spends N600bn Annually On Food Importation ~ Official

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The Special Adviser on Agriculture and Food Security  to Osun State Governor, Mr Festus Agunbiade, on Wednesday said Nigeria spent over N600bn annually to  import food items.

Agunbiade said this in his key note address on the second day of the ‘Farmers Festival and Agric Show 2013?, in Osogbo.

The News Agency of Nigeria reports that the forum was organised by the Ministry of Agriculture for farmers in the state.

According to him, Nigeria is ranked the largest importer of frozen fish and the second largest importer of rice, spending about N356bn  on two million metric tonnes of milled rice annually.

He said, “Nigeria is boosting the economy of countries where these importations are made, whereas we have vast agriculture potential to cater for our food needs.”

Agunbiade said the huge sums of money spent on importation should be invested in farming while the government could substitute food importation with domestic food production to create jobs.

He said such an option would significantly boost domestic food production in the country.

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