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Nigeria loses N1bn daily to rice importation

06 February 2015, 15:20

Abuja - The Special Adviser to the President on the New Partnership for Africa’s Development (NEPAD) and African Peer Review Mechanism, Ambassador Fidelia Akuabata Njeze, says Nigeria loses N1billion daily to rice importation, Vanguard reports.

Njeze stated this at a one-day stakeholders forum on the establishment of the Nigeria/ECOWAS rice sector policy and regulation advocacy platform held in Abuja on Wednesday.

Also read: $4bn spent annually on rice importation

She also added that due to the importation of rice, Nigeria has been exporting jobs and financial resources meant for the transformation of the domestic rice sector in the country.

Read more at Vanguard

- News 24


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