Rice Production in Nigeria: An overview, Challenges and Opportunities.
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Rice Production in Nigeria: An overview, Challenges and Opportunities.
Rice is one of the most consumed foods in Nigeria. Nigeria currently consumes about 7.9million metric tons of Rice annually while production is currently at 5.8million metric tons.
To make up for the shortfall in production, Nigeria spends over N356 million annually in importation of Rice. Hence, if we do not grow our own rice, our import bill may also go up by 50 per cent. In essence, Nigeria, not only spends N1billion daily on rice importation but also risk paying more in foreign currency in future to import rice.
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