Business
Nigeria’s Rice Consumption Rises 7% Annually
Nigeria’s rice consumption is projected to reach 35 million tonnes by 2050, from five million tonnes currently, rising at the rate of 7 per cent yearly, due to population growth.
The Minister of Agriculture and Rural Development, Dr Akinwunmi Adesina, who gave these statistics to newsmen on Thursday in Abuja also said that 500,000 tonnes of rice was being imported into the country annually.
He said that conscientious efforts were being made under the Agricultural Transformation Action plan (ATAP) to reduce rice importation to zero by 2013 and achieve 2.1 million tonnes local production over the next 12 months.
The minister said: “the country imports today 500,000 tonnes of brown rice which is imported into the country from other countries.
“Now our plan is by 2013 to reduce that down to zero; which means the 500,000 metric tonnes of rice would be produced by Nigeria.
“But our strategy is between now and 2015, that Nigeria would have totally replaced the 2.1 million tonnes of rice that we are currently importing.”
He expressed regret that past efforts by the Federal Government to put the local rice industry on a sound footing had not yielded the desired results.
He blamed the situation on the exploitative behaviour of foreign companies that got government funding to build rice milling plants, but instead engaged in importation.
Adesina told newsmen that the N10 billion rice Intervention Fund was intended to build 17 rice mills which never happened and neither did the MoU the ministry signed with the Stallion Group of Thailand achieve the desired results.
“The fact of the matter is that a lot of these companies have been making quite a lot of money importing brown rice into this country and with the impression that over time, they would build the rice mills and therefore process the rice locally.
“Unfortunately, that has not been happening, so the country continues to import a lot of rice from other countries.
“And I have said that I will not let that continue; as minister of agriculture, my job is to put farmers in Nigeria to work; it’s to create jobs, it’s to reduce foreign exchange on rice import.
“And to make sure whatever rice we are eating in Nigeria, is produced here; we have great rice, we have Ofada rice; we have Abakaliki rice; we have all kinds of rice in this country.
“So basically what am saying is that, Nigeria cannot just depend on foreign companies to mill its rice for it, Nigerian businessmen and businesswomen and business entrepreneurs are the ones that have to get into the business of rice.
“The government set aside N10 billion as rice Intervention Fund and it was supposed to have completed our 17 rice mills with that particular fund.
“Some of the same companies were the ones that got the money but they didn’t do it; why should they? They are making a kill importing rice into Nigeria; they will not invest in the rice mills so they didn’t”.
Adesina said that since his assumption of office, three rice mills had been completed, including the Ebonyi Rice Mill with the capacity to process 35,000 tonnes of rice, which would soon be commissioned by President Goodluck Jonathan.
The minister said the balance of N9.8 billion of the rice fund domiciled in the Bank of Industry would be re-advertised to attract serious private sector operators to participate in the development of the local rice industry.
“I’m happy to say that since I have been made minister, we have now completed three of those, the most recent which is going to be commissioned soon by Mr President, is the Ebonyi Rice Mill.
“The Ebonyi Rice Mills capacity is 35,000 metric tonnes of paddy, and the rice is fantastic I have tasted this rice, it’s fantastic rice there’s no way that rice from Thailand can beat this rice, it is very, very nutritious rice as well.
“We are going to re-advertise the utilisation of the balance of money; we still have about close to N9.8 billion or so in the Bank of Industry, to get the private sector that are serious about rice to come into rice business in Nigeria.
“In addition to that, we are working right now in Nigeria to give Nigeria the capacity to have milling capacity for 2.1 million metric tonnes.
“Bear in mind that is the total amount we import every year; so not only are we in the ministry in our rice transformation plan increasing production of rice; we are bringing in new areas into cultivation.”
Adesina said that the ministry was also collaborating with the Ministry of Water Resources to complete some dams and irrigation facilities to raise rice production level by expanding the use of new variety of rice.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Zidane’s Son Switches Allegiance To Algeria