The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that Nigeria spends in regards to $22bn a year on importation of food.
Lokpobiri made this known on Saturday at a town hall meeting in Yenagoa, Bayelsa State.
He said the advancement had prompted the astronomic rise in cost of rice and different products, focusing on that if Nigerians neglected to deliver a portion of the things being foreign, before December the cost of rice would skyrocket to N40,000 a bag.
He said there was a projection that by 2050, Nigeria's populace would be 450 million, pondering what might happen then if the general population couldn't bolster themselves now.
Lokpobiri said, "For your data, we spend about $22bn a year importing food into Nigeria. We know what number of more dollars … and that is the reason you see the cost of rice going up.
"Cost of rice was N12,000 a few months prior, yet it is presently about N26,000 and on the off chance that we don't begin delivering, by December it could be N40,000.
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