The Nigerian food import bill between 2007 and 2010 was N98 trillion, according to Dr Akinwunmi Adesina, the new Minister of Agriculture.

Adesina stated this on Monday in Abuja when he assumed duty in Abuja. He added that over N635 billion was spent to import wheat, N365 billion on rice, N217 billion on sugar and N97 billion on fish importation.

He noted that in spite of the volume of food importation, the natural and agricultural endowment of the country, its productivity had been “very low”, adding that such a development contributed to the growing food insecurity in the country.

The new minister, however, said that Nigeria was not lacking in the production of cassava, having been adjudged the largest producer of the commodity in the world with 45 million tonnes.

Adesina regretted that in spite of this advantage in the production of the commodity, the nation accounted for zero per cent of global value added.

On the other hand, Thailand that accounted for 10 per cent of cassava production had 80 per cent added value, he observed.

He described the Nigeria status quo in agriculture as not acceptable and called for urgent attention to be given to the agriculture sector.

“In those years, Nigeria accounted for over 60 per cent of the global supply of palm oil and 35 per cent of groundnut,” he said. “It also accounted for 23 per cent of groundnut oil and 15 per cent of cocoa, while farmers from North to South made money from their sweat. The quality of lives improved, children went to good school, our Nation was food self-sufficient, farmers fed the nation but alas today the glory has been lost.”

Adesina promised to promote the transformation agenda of the government stressing that President Goodluck Jonathan had set agriculture as one of the major forces to drive the agenda.

"We will revolutionalise agriculture and transform the sector as a business that must work for small and commercial farmers, that will unlock wealth and allow Nigeria to meet its food requirement and diversify income of the nation," he said.

buzugee:

where is this money coming from ? i know oil aint paying that much

EzeUche:

That money is coming from the Nigerian people.

buzugee:

taxes ? nigerian people dont go abroad to buy food. so am assuming the govt is doing all the buying. is it from taxes or oil ? oil revenue annually is like 70 billion. where does the rest come from ?

EzeUche:

The people themselves are importing the food. Private distributors are importing the food and selling it to Nigerians for higher prices.

Mobinga:

Such farcical journalism!

edoyad:

98trn kobo you mean

E be like so !!!

Ibime:

I would expect our imports to exceed our National budget ($27bln) and our oil income (which is roughly equal to the budget), but the only reason I doubt the figure is that it is higher than the GDP ($300 bln) which is the combined worth of the whole country.