The Central Bank Governor, Godwin Emefiele, has said that Nigeria’s monthly food import bill fell from $665.4m in January 2015 to $160.4m as of October 2018. He said the reductions in food import were recorded on rice, fish, milk, sugar and wheat, adding that the policy would be maintained. He said, “Noticeable declines were steadily […]Read More
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 […]Read More
The volume of rice importation into Nigeria (in metric tonnes) has declined drastically in 2018, figures obtained from various official sources have shown. Indeed, figures obtained from India and Thailand, which are dominant rice exporters to Nigeria indicate that as at September, the latter had so far exported about 5,161 metric tonnes of rice to […]Read More
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