Nigeria saved over ₦216bn on rice importation from Thailand

Nigeria has saved over $600m dollars (₦216bn) from the importation of rice from Thailand and other countries since the nation’s domestic mass production flooded the markets under the Anchor Borrowers’ Programme. The figure represents a fraction of a staggering $22bn (₦7.92tr) spent on importation of foods into the country annually prior to the advent of […]

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Rice importation rate drops by 88.4 pct – FG

The importation of rice rate into the nation has significantly dropped by 88.4 per cent in one year, the Federal Government announced on Friday. It stated that rice importation dropped from 500,000 metric tonnes imported in 2015 to 58,000MT in 2016. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, disclosed this to delegates […]

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