Nigeria’s rice boom raises output but old problems persist - News Summed Up

Nigeria’s rice boom raises output but old problems persist


The reason is that domestic rice prices have more than doubled in the last two years due to an import ban and a dive in the Nigerian currency. As a result, the industry has so far failed to fill a supply shortfall amounting to about 3 million tonnes of milled rice created by the import ban. TALKING VS IMPLEMENTINGUntil 2015, Nigeria imported up to 4 million tonnes of rice annually, much of which was smuggled from the western neighbour Benin Republic. They sell it then,” said Mohammed Tafida, the local head of a rice farmers’ association, who is also expanding his own fields. It works with rice farmers on 15,000 hectares and plans to expand to 165,000 hectares within 10 years.


Source: The North Africa Journal March 10, 2017 15:56 UTC



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