Business
Nigeria’s Annual Wheat Importation Hits N635bn
The Minister of Agricul
ture, Dr
Akinwumi Adesina, has said that Nigeria was spending about N635 billion
annually to import wheat for bread production.
Speaking at the inauguration of the Cassava Bread Initiative
in Ado Ekiti, Adesina described the importation as wasteful and a misplaced
priority.
He said the development made the Federal Government to opt
for the cassava bread option in Nigeria.
The minister also said that Nigerians were spending N10
billion to import food items annually, a development he described as wasteful
and inimical to the growth of local agriculture.
He said the country should increase its productive capacity
in agriculture and patronise made-in-Nigeria products for the Federal
Government to achieve its proposed 20 million jobs for Nigerians in 2015.
Adesina said that countries like the U.S. and Britain were
making enormous progress in economic development because they were exporting
more of their finished products than importing primary products.
The minister debunked insinuations that cassava bread
consumption would increase diabetes among Nigerians, saying it had low glycemic
index compared to other brands of bread in circulation.
He said the initiative had drawn the attention of other
African nations, including Malawi from where experts had been brought to
Nigeria to understudy cassava bread production.
Adesina said that with the way things were going, Nigeria
might end up importing over a million metric tons of wheat yearly which would
have adverse effects on the economy.
The Ekiti State Governor, Dr Kayode Fayemi, promised
adequate funding for cassava growers in the state.
The governor said that about 20,000 jobs would be created
under the Commercial Agriculture Programme before 2014.
Fayemi said his administration would encourage cassava
revolution in the state by funding cassava production to sustain the cassava
bread initiative and ignite industrial growth.
The governor commended President Goodluck Jonathan’s support
for agriculture in the state with the construction of a 100,000-capacity metric
tons silo in Ado-Ekiti.
He urged the Federal Government to expedite action on the
erection of the rice processing mill promised the state by the President during
his electioneering campaign.
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