Border Closure: Nigeria spent N1.85 trn on food importation -- Salami

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Border Closure: Nigeria spent N1.85 trn on food importation — Salami

The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said.

Nigeria closed its land border in August 2019 to the movement of goods. The government said it planned to curb the smuggling of rice, other commodities and weapons. “This suggests a weakness in our ability to feed ourselves and raises the need to consider review of intervention policies in agriculture.”

“Agriculture continues to decelerate growing at 1.7 per cent year to date while consumer sensitive sectors like manufacturing and distribution continue to contract in double digits,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Despite all investment in agriculture, we are still importing food here and there!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.