FG To End Milk Importation, Price of Rice To Crash To N14,000 - EDU-BIZNEWS


Wednesday, October 14, 2020

FG To End Milk Importation, Price of Rice To Crash To N14,000

Federal Government has announced its plan to ban the importation of milk into Nigeria, within the next two years.

 Minister of Agriculture and Rural Development, Mr. Muhammad Sabo Nanono who unfolded the plan on Tuesday in Abuja, the nation's capital, also revealed that the country has become Africa's largest producer of rice and world's largest producer of Cassava.

He equally predicted crashes in the prices of foods stuff in the next two or three months, particularly Milled rice to between N14,000 and 15,000.

"We anticipated reduction in the price of rice", Nanono assured.

The minister attributed the feat to a range of policies and initiatives put   in place by the Muhammedu Buhari's administration to
strengthen the rice and cassava value chains in the country.

Nanono at a press briefing to commemorate the 2020 World Food Day celebration, said the livestock industry had an asset base of nearly N33 trillion that must not be allowed to waste.

His words“We are planning in this ministry and watch my words, in the next two years we will ban the importation of milk into this country."

Nigeria according to the minister, has 25 million cows to produce five million litres per day.

 “The issue is now logistics, which we have started by setting up milk processing plants across the country. I see no reason why we should import milk in the next two years. W should stop the importation of milk”, he maintained.

He also said fish importation will also be considered for an outright ban

The minister disclosed that since the beginning of the 2020 farming season, the ministry had distributed inputs in all the states of the federation to boost food production.

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