Audio By Carbonatix
Nigeria’s President Muhammadu Buhari has said that Nigerian farmers must produce enough for the country to eat, saying that the country has "no money to import" food.
The comments follow concerns around food insecurity during the coronavirus pandemic and rising food prices in Africa’s most populous nation.
According to the UN’s Food and Agriculture Programme, even before the Covid-19 crisis, farmers had not been able to satisfy demand for Nigeria’s population of some 200 million.
Although the agricultural sector remains a major employer, it has suffered years of neglect as the country’s economy focused heavily on oil revenue.
Nigeria has been trying to boost domestic rice production for some time, cracking down on smuggled imports from Thailand by closing the country’s land borders last year.
Prior to the ban, Nigeria used to import over a million tonnes of rice from Thailand annually.
Now it only allows foreign rice through its ports - and imposes high import taxes.
Food prices have risen in Nigeria since the onset of coronavirus and government revenues have been hit badly by the fall in global oil prices.
The International Monetary Fund predicts that Africa's biggest economy will contract by 1.5% points in 2020.
Latest Stories
-
No Sex, No Job: Confronting Ghana’s silent abuse of power
21 minutes -
McDan Youth Connect ignites entrepreneurship drive to tackle youth unemployment in Ghana
28 minutes -
Chinese company Huayou agrees to fund Ewoyaa mine development amid Atlantic Lithium takeover talks
2 hours -
61 out of 185 SOEs met April 30 deadline for submitting 2025 financial statements
2 hours -
Heath Goldfields to invest $20m into five-year community development plan
2 hours -
3i Africa Summit connects fintechs to investors, customers
2 hours -
GMA offers legal and mental health support to staff linked to Charles Amissah case
2 hours -
Okaikwei Central NPP executive allegedly assaulted after election meeting
2 hours -
34-year-old man arrested for alleged sexual abuse of teenage boys at Kronum
3 hours -
Improve patient communication to rebuild public trust – GMA President to health professionals
3 hours -
Roads Ministry to sponsor training for heavy equipment operators
3 hours -
Okaikwei North Assembly deploys 24-Hour taskforce to sustain Lapaz decongestion
3 hours -
GMA president questions use of ‘medical negligence’ in Charles Amissah probe report
3 hours -
GWL recovers GH₵3.7m from illegal water users as crackdown intensifies
3 hours -
GWL intensifies pipeline repairs to reduce water losses in Accra, Tema
3 hours