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Agriculture

Nigeria says $4.6 billion could be saved from wheat importation by 2018

Wednesday, 09 March 2016 22:34

(Ecofin Agency) - Becoming self-sufficient in wheat production is a new goal to which Nigeria committed. In this regard, Nigerian Minister of Agriculture, Audu Ogbeh, said the country could save up to $4.6 billion each year from wheat importation starting from 2018 when it reaches self-sufficiency in production of the cereal.

Africa’s leading economy expects at the end the ongoing wheat season, an output of 350,000 tons in the Northern region. With the gluten free wheat, Nigeria now returns to being a wheat producer, nearly 30 years after its wheat yield was label unacceptable.

Ogbeh added that self-sufficiency was vital for the country whose population should be about half a billion by 2050. He also emphasized on the need that there is for Nigeria to stop considering agriculture as a seasonal activity and put everything in place to attain its goals.

Aaron Akinocho

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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