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Nigeria can generate over $15b from rice export yearly

Rice
Nigeria
Published Apr 12, 2021

Tridge summary

Nigeria can generate over $15b from rice export yearly if the states complement each other in cultivation and processing and at the same time, mobilize farmers to improve production tremendously.

Original content

Nigeria can generate over $15b from rice export yearly if the states complement each other in cultivation and processing and at the same time, mobilise farmers to improve production tremendously. The Kebbi State Governor, Atiku Abubakar Bagudu, who revealed this during an interview with The Guardian, said rice production is a big economic opportunity for the country in terms of its ability to contribute to employment and enhance the country’s foreign exchange. “Why can’t we be rice exporters? Bangladesh, which is about one-fifth of the Nigerian landmass, produces over 38 million metric tonnes of rice. So, that means nothing stops us in Nigeria from achieving that. If we produce 30 million metric tonnes of rice, even at $500 per tonne, that is about $15b. States should complement each other, and that is what we have been doing in Kebbi. We share knowledge. “Kebbi is becoming the hub of rice production in Nigeria; we are not competing with other states. If you recall, I have always ...
Source: Guardian
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