Nigeria crashes food importation by 60%


CBN Governor, Godwin Emefiele:

Nigeria has succeeded in reducing the importation of food items by 60 per cent from 2015 to date, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, reported.

Emefiele said that the government, in the process, saved $800 million.

The reduction was affected five major food items – rice, wheat, sugar, tomatoes and milk.

At a special town hall meeting on government’s agriculture intervention organised by the Ministry of Information and Culture in conjunction with the National Orientation Agency (NOA) in Jigawa State, he explained that $1.4 billion was spent on the importation of the five commodities by 2013, and $678.6million was spent at the end of 2017.

Emefiele who was represented by his special adviser, Mr Olatunde Akande, compared statistics and the impact of agriculture revolution in the country along the five major commodities of sugar, milk, rice, tomatoes and wheat between 2013 and 2017.

The CBN governor noted that at…

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