AfDB Calls For Enhanced Local Production As Nigeria Spent $10bn On Food Imports In 2023
submitted about 1 month ago by QT-Singh
submitted about 1 month ago by QT-Singh
- The Senior Special Adviser to the President on Industrialisation revealed that Nigeria spent $10 billion on food imports, with cereals, corn, maize, and wheat accounting for $3 billion last year.
- He emphasized the need for the country to focus on self-sufficiency in food production to address high food costs and improve overall economic stability.
- Additionally, the Managing Director of Sterling Bank highlighted the importance of providing financial support to farmers to boost food production and address security challenges in the country.
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