Rice Production Generates N400b To Nigeria’s Economy – Adesina

Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, said on Monday that rice production in the country over the last three years has generated about N400billion to the Nigerian economy.

Adesina who stated this in Abuja at the Second Nigeria Rice Investment Forum, said Nigeria has currently attained 80 per cent self-sufficiency in paddy rice production as well as added seven million metric tonnes of paddy rice to the domestic food supply in 2013.

He maintained that with the establishment of 18 rice integrated mills across the country, that Nigeria would not only achieve self-sufficiency in rice production but also would become a net exporter of food.

He explained that the challenge confronting the nation in its bid to attain self-sufficiency in rice production was the milling of the paddy rice which has been produced in the country in large quantities

While explaining various initiatives introduced Agricultural Transformation Agenda and the successes recorded he said, “What has happened as a result of this is that our rice farmers have allowed us to add N400billion worth of value of rice into the economy.”

“The challenge we have today is not in the production of paddy rice but how to close the milling gaps.

“When we started, there was only one integrated rice mill in the country, but today there are 18 of them within the period of two and half years.”

He posited that Nigeria has no reason whatever to continue to import rice worth N365 billion yearly, in view of the fact that the nation is endowed with arable land and deep water resources.

The minister said already that the Federal Government has reached six million rice farmers across the country through the provision of fertilizers and high quality seeds.

Apart from the provision of jobs for the teeming youths across the country, Adesina said the introduction of both wet and dry seasons farming under the present administration, has helped tremendously to revive the rural economy.

He added that 24 States in Nigeria are now growing rice during the dry season, adding that all 36 States and Abuja are equally engaged in rice production during the wet season.

On the improvement of the quality of the locally produced rice, he argued that Nigerian rice now competes favourably with the imported rice from Asian countries.

Advertisements

About kalusam

I am a graduate of Agriculture with options in Soil Science and Meteorology from Michael Okpara University of Agriculture, Umudike- Nigeria. I am the lead Agribusiness consultant at Agritechnovate Solutions Entreprises. I have underwent several trainings, conferences and studies in Agriculture and entrepreneurship with University of Maryland, U.S.A , IHAV Foundation Conference, Association of Africa Business School (AABS) Agric business Launch to mention but a few. As a young farmer and entreprenuer with a passion for research and writing, I use this blog to share my experiences as well as inform Youths of the opportunities available in Agriculture and Entrepreneurship. Follow me on twitter: @kalusamanya Facebook: http://www.facebook.com/kalusam Skype: kalusam WHatsapp: +2347036931636
This entry was posted in Agri-Innovation, Agric News and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s