Thursday, July 29, 2021

    Nigeria targets rice export to boost foreign reserve as local production jumps to 9m metric tonnes

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    Godwin Okafor
    Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

    Kaduna, June 24, 2021 Nigeria’s local rice farmers production increased from two million tonnes in 2015 to nine million tonnes in 2021.

    Making the declaration in Kaduna on Thursday, Aminu Goronyo, President, Rice Farmers Association of Nigeria (RIFAN) said with the current production rate, Nigeria was poised to become a rice exporting country.

    “Before the coming of the President Muhammadu Buhari administration in 2015, we used to produce just about two million metric tons of rice paddies annually.

    “Today, we can boast of nine million metric tons annually; there is a clear difference and now we can boldly say that Nigeria is self-sufficient in rice,’’ he said.

    He was speaking at the inauguration of sale of rice paddy to millers at reduced rate jointly agreed to with the CBN.
    Farming implements, fertilisers and inputs were also distributed to rice farmers for the 2021 wet season cultivation at the occasion.

    The RIFAN president said rice paddy was being sold to millers in 16 states now at N190 per kilogram to enable them to mill and also sell rice to consumers at affordable prices.

    “We will sell the paddy to the millers at N190 per kilogram as against the price range of N200 to N230 per kilogram sold by others.

    “The directive came from the CBN that we reduce the price so that millers can also sell to Nigerians at a cheap rate,’’ he said.

    Goronyo said the current production level was achievable only because of courage, commitment and patriotism of rice farmers who remained on the farm despite security challenges.

    He noted that RIFAN members were able to surmount insecurity because the military and other security agencies gave support.

    In his remarks, Ahmad Wali, Kaduna Branch Controller of the CBN who represented the governor, Mr Godwin Emefiele, said the bank had been supporting a lot of agricultural initiatives to boost agricultural production in Nigeria.

    He expressed delight that rice farmers made impressive efforts to repay loans granted to them.

    Wali urged farmers in other value chains to emulate the rice farmers for the benefit of others.

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