Self-Sufficiency
Wheat farmers bemoan $6.1 billion annual import, laud CBN restriction on forex for importers
The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex in Abuja on Thursday. Muhammad commended the Central Bank of Nigeria (CBN) over the policy that placed wheat on Forex restriction. He described it as an impressive policy and a welcome development. According to him, Nigeria consumes 5 million metric tons of wheat per annum, while a meagre 420,000 tons is produced locally. He said that in view of numerous challenges that plagued local production, the policy would enable the government to unlock the unrealised potentials in the wheat sub-sector. “The forex restriction policy will give relevant stakeholders the confiden...
Minister tasks NSDC boss on ensuring self-sufficiency in sugar production
Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, has tasked the newly appointed Executive Secretary of the National sugar Development Council (NSDC), Zach Adedeji to work towards the realisation of the Federal Government’s goal in ensuring self-sufficiency in sugar production. Speaking at the inauguration of Adedeji as the Chief Executive Officer of the NSDC at the weekend in Abuja, Adebayo said the Federal Government relied on him to work assiduously towards the realisation of the country’s self sufficiency in the sugar production. He noted that the appointment of Adedeji was based on his performance in his former positions, adding that the nation expected him to leave landmark achievements by the time he would be leaving office. “You are therefore expected to discharge...
SON: We have initiated more measures to tackle importation of substandard products into Nigeria
File Photo The Standard Organisation of Nigeria (SON) said it has devised more efficient measures against importation of substandard products to protect local manufacturers in the country. The Director-General of SON, Mallam Farouk Salim stated this during a visit to the organization’s office in Awka, Anambra State, on Saturday. According to Mallam Salim, the agency will continue to discourage importers of substandard products from short-changing unsuspecting consumers. He also announced plans to improve workers welfare and increase engagement with stakeholders in the country, noting that the move by the agency would help protect the interest of the business community while also safeguarding life and property. The Director-General assured that the organization would work with stakeholders ...
Nigeria: 1,375 irregular migrants arrested during border closure
The Federal Government said on Monday that no fewer than 1,375 irregular migrants were arrested while the border drill code-named, ”Exercise Swift Response,” lasted. Newsmen report that the border drill held between Aug. 20, 2019 and Dec. 17, 2020. Speaking at a new year media briefing in Lagos on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, said the border drill was a huge success. The minister said the seizures so far during the period included 157,511 – 50kg bags of parboiled foreign rice, 10,447 bags of NPK fertiliser used for making explosives and 18,630 jerry cans of vegetable oil. The total monetary value of the seized items, according to him, is about ₦12.362 billion. Newsmen recall that ”Exercise Swift Response” was launched as part of efforts to secure th...
BMO: President Buhari stands tall in Nigerian youths’ hall of fame
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