₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,229,669 members, 4,878,095 topics. Date: Friday, 19 April 2019 at 10:00 AM

Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg (17423 Views)

Dangote Now 64th Richest Person In The World - Bloomberg / 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview / Nigeria Proposes Jail Time, Fines As It Tries To Bolster Naira – Bloomberg (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by contigiency(m): 8:04pm On Nov 15, 2018
Jax1:
The criminal liars in APC should understand that they would need more lies to cover up initial lies they told us about rice production

criminal. did you even read this post to understand that its just somebody's projections based on prevailing circumstances? Demand for local rice has increased by 5%, flood, insecurity etc has affected output this year and therefore there is likelihood importation will increase next year. Not that the government has not increased production. Try and help yourself by being rational.
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by youngmonie: 8:05pm On Nov 15, 2018
Damn so much dumbness on nairaland these days. Government never claimed that Nigeria is self sufficient when it comes to rice production hence there will still be imports as local production cannot meet demand yet. Even reading the article, there has been an increase in demand for rice..

Government is not in the business of rice prodction, they only put.in place policies and initiatives to support local production of rice. And if local production cannot meet up with local demand yet, it is only common sense that imports will cover excess demand. Nigerians are too emotional over this 2019 election and it is affecting our ability to think through whatever we read . Economic illetrates all over this thread

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by FEGNO: 8:15pm On Nov 15, 2018
I thought they said we have stopped importing rice?

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by bizhop01(m): 8:22pm On Nov 15, 2018
Because nigerian Sabi cook stew this days
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by deji68: 8:26pm On Nov 15, 2018
Well, statistics dont support your assertation... import started dropping in 2013 due to previous Gov agric Policy.....

https://www.indexmundi.com/agriculture/?country=ng&commodity=milled-rice&graph=imports

2013 2800 (1000 MT) 0.00 %
2014 2600 (1000 MT) -7.14 %
2015 2100 (1000 MT) -19.23 %

2016 2500 (1000 MT) 19.05 %
2017 2600 (1000 MT) 4.00 %
2018 3000 (1000 MT) 15.38 %



SternProphet:
There was flood in 2018. 50% of Nigeria's rice farms were affected. That is the only reason Nigeria will import rice in 2019. It will never get up to 2013/2014 levels.

Young PDP supporters suffering inferiority complex of being supporters of the dumbest, most wasteful and most corrupt party on the African continent should think hard and research issues before posting comments.

In fact, if you deny the act of God (floods) and sit lazily in front of smart phone denying progress made in your country, let me shock you, Benue, Plateau and Nasarawa states are voting heavily for Buhari because of Agric revolution and thousands of millionaires created. There are lies on social media but there are also practical truths.

3 Likes

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by kjhova(m): 8:30pm On Nov 15, 2018
YorubaAssasin:
So we can't produce our own food, abi? Dang it! undecided

Same report says our output has been growing since 2012 to a peak of 3.7mmt. However, this is still a shortfall from our annual consumption of over 6mmt.

The report thus shed a positive light on government's agricultural program in the last 7 years and also indicate that any smart person who invests in the rice value chain now should expect exciting yield in the short to mid term at least.

As expected, the Nigerian youth won't catch this vital info as they are more interested in the mundane matters of clamouring for/against Buhari or Atiku. When the Dangotes and their children plow in and cash out massive, this same youths will run to town screaming about the rich getting richer!

Shame, really.

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by nameo: 8:30pm On Nov 15, 2018
youngmonie:
Damn so much dumbness on nairaland these days. Government never claimed that Nigeria is self sufficient when it comes to rice production hence there will still be imports as local production cannot meet demand yet. Even reading the article, there has been an increase in demand for rice..

Government is not in the business of rice prodction, they only put.in place policies and initiatives to support local production of rice. And if local production cannot meet up with local demand yet, it is only common sense that imports will cover excess demand. Nigerians are too emotional over this 2019 election and it is affecting our ability to think through whatever we read . Economic illetrates all over this thread

Bros, plzz respect your self na.

You cannot reduce import by 90%(according to govt) in 2018 and by 2019 you are projected to be the 2nd largest importer in the world. And then you attribute that to "increase in demand ".

And that is for a country that was around the 3rd or 4th largest importer by 2016.

You people should Fear God na

3 Likes

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by kucykengz(m): 8:44pm On Nov 15, 2018
Legend007:
how is this figure accurate?

Nigeria has banned importation of rice. This means there are no more containers of foreign rice being declared at the ports.

Now I know foreign rice are still being smuggled through the land boarders, usually done with small vehicles carrying few bags, but how Bloomberg put a figure to smuggling and even project a rise in the figure for the coming year is what I dont understand.

Something definitely doesn't make sense with the news.
what about the containers of rice the custom officers didn't show us on tv.

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by Abagworo(m): 8:59pm On Nov 15, 2018
This report is positive in that our rice production has increased by 50% which is very high by any standard. The bad news is that our rice demand has also increased but by meagre 4%.

1 Like 1 Share

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by Abagworo(m): 9:01pm On Nov 15, 2018
Legend007:
how is this figure accurate?

Nigeria has banned importation of rice. This means there are no more containers of foreign rice being declared at the ports.

Now I know foreign rice are still being smuggled through the land boarders, usually done with small vehicles carrying few bags, but how Bloomberg put a figure to smuggling and even project a rise in the figure for the coming year is what I dont understand.

Something definitely doesn't make sense with the news.

They used figures from our neighbouring countries of Benin, Niger, Cameroon and Togo whose rice imports increased artificially with Nigeria as the final destination.

1 Like 1 Share

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by blacknp(m): 9:30pm On Nov 15, 2018
psucc:
Lies can travel billion miles but it takes a snap for the truth to overtake
If they ban total importation of rice you would be the one shouting President Buhari wants to kill us,ordinary ban on rice importation through land you ungrateful people were shouting the Governments wants to kill us,go and enter rice cultivation there is room to be a billionaire,lazy man stop waiting for Government,see what Aliko Dangote did with cement that made him the richest black man in the world.

Was it not you that ate the imported rice?then you turn around and blame the President,why did you not eat made in Nigeria rice to patronize the local industry?the traits of a lazy man. Nigeria is an emerging economy more rice is been imported more rice is been produced locally,the largest in Nigeria’s history,so why all the shout about the Bloomberg report?

Maybe you have forgotten you are in Nigeria be waiting for pdp to come and give you cheap imported rice. Traitor.

1 Share

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by blacknp(m): 9:44pm On Nov 15, 2018
FEGNO:
I thought they said we have stopped importing rice?
Banned via the land borders only,a total ban on rice?then we would witness the 1st Nigerian revolution,that is why we will suffer for a long time,a lazy race of people not ready to sacrifice,Who are looking for a miracle and want God to come from the sky. Ever wondered why churches & mosque are everywhere?

Go and study the Communist party in China’s manifesto and see how they had to sacrifice behind the iron curtain,even the dissidents plotting against Chairman Mao when the farmers over 40 million had died in the fields tilling the land,today their grandchildren are reaping the fruits of their sacrifice & labor. Blackman no get sense simple,na importation of finished goods they sweet us,Lazy Race of People,even our own oil we can’t refine in the 21st century.
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by blacknp(m): 9:53pm On Nov 15, 2018
Abagworo:
This report is positive in that our rice production has increased by 50% which is very high by any standard. The bad news is that our rice demand has also increased but by meagre 4%.
That’s the good thing about an emerging economy there is room to grow from agriculture to the telecoms sector,a good format,the rest is history,not like the saturated west where you would probably end up washing dishes at Burger King for $12 an hour with no 401k plan.
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by SternProphet: 10:03pm On Nov 15, 2018
deji68:
Well, statistics dont support your assertation... import started dropping in 2013 due to previous Gov agric Policy.....

https://www.indexmundi.com/agriculture/?country=ng&commodity=milled-rice&graph=imports

2013 2800 (1000 MT) 0.00 %
2014 2600 (1000 MT) -7.14 %
2015 2100 (1000 MT) -19.23 %

2016 2500 (1000 MT) 19.05 %
2017 2600 (1000 MT) 4.00 %
2018 3000 (1000 MT) 15.38 %



You are quoting very fake figures. How can you tell lies so much?. Nigeria did not import rice i. 2013, 2014 and 2015?. What rubbish?. It is only the inferior that tells lies. Where is your confidence brother?. Are you a man?. Go to Thailand's rice statistics figures on the internet.
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by deji68: 10:16pm On Nov 15, 2018
Well, i dont really understand your rants.. Index mundi is a reliable Agric Database... Why dont you be a man and show us Nigeria Rice import data using your Thailand rice statistics ??
SternProphet:

You are quoting very fake figures. How can you tell lies so much?. Nigeria did not import rice i. 2013, 2014 and 2015?. What rubbish?. It is only the inferior that tells lies. Where is your confidence brother?. Are you a man?. Go to Thailand's rice statistics figures on the internet.

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by arrestdarrester: 10:28pm On Nov 15, 2018
Where Audu Ogbe? APC lies don dey exposed.

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by deebrownneymar: 10:39pm On Nov 15, 2018
Buhari and his cohorts will definitely end up in hell. Let them continue to enjoy their wealth in life which is very short. Bastards!

1 Like 1 Share

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by bossrillboss: 11:27pm On Nov 15, 2018
lilbest4:
Buyer What about the pyramids?
..they r in sudan.lol

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by sonature1: 11:46pm On Nov 15, 2018
Legend007:
how is this figure accurate?

Nigeria has banned importation of rice. This means there are no more containers of foreign rice being declared at the ports.

Now I know foreign rice are still being smuggled through the land boarders, usually done with small vehicles carrying few bags, but how Bloomberg put a figure to smuggling and even project a rise in the figure for the coming year is what I dont understand.

Something definitely doesn't make sense with the news.

Oga, be realistic, there's more foreign rice than local in the market

The last time I ate local rice was in 2001
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:00am On Nov 16, 2018
Legend007:
how is this figure accurate?

Nigeria has banned importation of rice. This means there are no more containers of foreign rice being declared at the ports.

Now I know foreign rice are still being smuggled through the land boarders, usually done with small vehicles carrying few bags, but how Bloomberg put a figure to smuggling and even project a rise in the figure for the coming year is what I dont understand.

Something definitely doesn't make sense with the news.

Am sure they used d estimate based on rice importation b4 d ban on importation. Since we are still eating foreign rice like nothing has changed, then it would have been easy 4 them 2 make estimates
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:02am On Nov 16, 2018
arrestdarrester:
Where Audu Ogbe? APC lies don dey exposed.

Audu ogbeh...wow!!! I thought that guy has migrated to Libya or something. Been a while a heard that name
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:10am On Nov 16, 2018
youngmonie:
Damn so much dumbness on nairaland these days. [b]Government never claimed that Nigeria is self sufficient [/b]when it comes to rice production hence there will still be imports as local production cannot meet demand yet. Even reading the article, there has been an increase in demand for rice..

Government is not in the business of rice prodction, they only put.in place policies and initiatives to support local production of rice. And if local production cannot meet up with local demand yet, it is only common sense that imports will cover excess demand. Nigerians are too emotional over this 2019 election and it is affecting our ability to think through whatever we read . Economic illetrates all over this thread

https://punchng.com/nigeria-to-achieve-self-sufficiency-in-rice-in-2018/amp/
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:16am On Nov 16, 2018
blacknp:
If they ban total importation of rice you would be the one shouting President Buhari wants to kill us,ordinary ban on rice importation through land you ungrateful people were shouting the Governments wants to kill us,go and enter rice cultivation there is room to be a billionaire,lazy man stop waiting for Government,see what Aliko Dangote did with cement that made him the richest black man in the world.

Was it not you that ate the imported rice?then you turn around and blame the President,why did you not eat made in Nigeria rice to patronize the local industry?the traits of a lazy man. Nigeria is an emerging economy more rice is been imported more rice is been produced locally,the largest in Nigeria’s history,so why all the shout about the Bloomberg report?

Maybe you have forgotten you are in Nigeria be waiting for pdp to come and give you cheap imported rice. Traitor.

Have u entered into rice production urself or don't u want to b a billionaire? What did dangote do in d cement industry?
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:21am On Nov 16, 2018
kjhova:


Same report says our output has been growing since 2012 to a peak of 3.7mmt. However, this is still a shortfall from our annual consumption of over 6mmt.

The report thus shed a positive light on government's agricultural program in the last 7 years and also indicate that any smart person who invests in the rice value chain now should expect exciting yield in the short to mid term at least.

As expected, the Nigerian youth won't catch this vital info as they are more interested in the mundane matters of clamouring for/against Buhari or Atiku. When the Dangotes and their children plow in and cash out massive, this same youths will run to town screaming about the rich getting richer!

Shame, really.

Are u a Nigerian youth or an elder?

1 Like

Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:29am On Nov 16, 2018
SternProphet:
There was flood in 2018. 50% of Nigeria's rice farms were affected. That is the only reason Nigeria will import rice in 2019. It will never get up to 2013/2014 levels.

Young PDP supporters suffering inferiority complex of being supporters of the dumbest, most wasteful and most corrupt party on the African continent should think hard and research issues before posting comments.

In fact, if you deny the act of God (floods) and sit lazily in front of smart phone denying progress made in your country, let me shock you, Benue, Plateau and Nasarawa states are voting heavily for Buhari because of Agric revolution and thousands of millionaires created. There are lies on social media but there are also practical truths.
B4 50% of rice farms were affected by flood, were u eating locally produced rice? U say Nigeria will import rice in 2019. Didn't d govt ban importation or is it going 2 unban what it banned earlier?
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by lexy2014: 12:33am On Nov 16, 2018
Abagworo:
This report is positive in that our rice production has increased by 50% which is very high by any standard. The bad news is that our rice demand has also increased but by meagre 4%.

There's some contradiction in that report. It say

"Production had increased more than 50 percent since 2012 to 3.7 million tons last year. Domestic demand rose 4 percent to 6.7 million tons in the 2017-18 year that ended in May".

Yet it says

"Nigeria’s rice imports will jump 13 percent next year to 3.4 million metric tons..."

It doesn't make sense
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by Afonja007: 3:33am On Nov 16, 2018
Legend007:
how is this figure accurate?

Nigeria has banned importation of rice. This means there are no more containers of foreign rice being declared at the ports.

Now I know foreign rice are still being smuggled through the land boarders, usually done with small vehicles carrying few bags, but how Bloomberg put a figure to smuggling and even project a rise in the figure for the coming year is what I dont understand.

Something definitely doesn't make sense with the news.
ogbeni Nigerian government banned tokunbo fridge but Nigeria is highest buyer of tokunbo fridge
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by athorello(m): 4:42am On Nov 16, 2018
ladiesreject:
All these farmers association people, where are they that we don't get to see them?
I want to become a member of that association.
At least I have upto 2 hectares of rice farm, 7 hectares of beans farm and just 3 plots of sorghum farm. I think I'm qualified to be a member.

PS.
Nigeria will continue to import all what they consume until the government decides to make farming attractive. Farming in Nigeria is hard labour (I know what we're going through).

Even after the hard labour, somebody will just price your goods as if he's doing you a favour buying it.

The agro industries that are supposed to be in the north to buy from farmers and process it are all in the south.
Who wants to suffer?

If the government of this country will invest in agriculture, I will not even hunt for any white collar job cos I know how much I'll get from my farm. But what do we have today? Absolutely nothing! Let them keep importing every food they need till the end of time. Useless country.

Farmer, don't give up. True cost of inputs has risen, farmers had lots of challenges this year too especially because of floods.

We're expecting scarcity and price hikes next year. So if you farm successfully this year, cheer up especially if you can store.

Investing in farming is the highest paying venture now, ceteris peribus.
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by E2power3: 6:59am On Nov 16, 2018
After all the lies that Buhari/ APC on told Nigerians on they have crashed the economy of Thailand by ending rice with imports?
Re: Nigeria Is Biggest Rice Buyer In 2019, Behind China - Bloomberg by psucc(m): 9:43am On Nov 16, 2018
I can't imagine sharing a nationality with a one so daft in idea and knowledge. It is sad but can't blame God because I am meant for a purpose; may be to tutor you.

Sir, I will first admonished you to tow the path of civility. Attack issues not the messenger. By so doing you must have given your mind a chance to learn than allowing hatred, insult, and foolishness to ruin your already battered life.

Sir, I am surprised that most of the times people tried to equate progress with the highly placed. No! All fingers were not meant to be equall. Dangote was Dangote and I am who I am. Go and read more on Dangote and how it all started. If you care, and are real, noticed that rice farming, especially on commercial basis is capital intensive. Where are the loans coming from?

Besides, do you read the report by Bloomberg? Where are the rice that Audu Ogbeh claimed has lead to the closure of milling facilities in Thailand? Please for God's sake be yourself. Do not sell your conscience for a peanut.


blacknp:
If they ban total importation of rice you would be the one shouting President Buhari wants to kill us,ordinary ban on rice importation through land you ungrateful people were shouting the Governments wants to kill us,go and enter rice cultivation there is room to be a billionaire,lazy man stop waiting for Government,see what Aliko Dangote did with cement that made him the richest black man in the world.

Was it not you that ate the imported rice?then you turn around and blame the President,why did you not eat made in Nigeria rice to patronize the local industry?the traits of a lazy man. Nigeria is an emerging economy more rice is been imported more rice is been produced locally,the largest in Nigeria’s history,so why all the shout about the Bloomberg report?

Maybe you have forgotten you are in Nigeria be waiting for pdp to come and give you cheap imported rice. Traitor.

1 Like

(1) (2) (3) (4) (Reply)

What Is Required To Open A Pharmacy Store In Nigeria / How Can I Become A Billionaire At 36! / Earn Weekly Pay With Longrich Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 222
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.