News Formal

Nigeria will soon stop food imports – Finance Minister, Edu

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Edu News

Canada Canada Latest News,Canada Canada Headlines

Minister of Finance, Wale Edun, has said that the Federal Government has outlined a strategy to increase domestic agricultural production and increase food security. Edun, disclosed this at a press conference in Abuja on Thursday to mark the country’s 64th Independence Day.

He declared that that the era of heavy food importation must end, and insisted on driving this shift as a cornerstone of the government’s economic recovery plan. “We should not be importing food,” Edun stated, stressing that Nigeria’s future lies in self-sufficiency. The government, he said, was committed to maximum support for small-scale farmers by providing critical inputs like seeds and fertilizer under schemes such as the Nigerian Agricultural Growth Scheme.

Also, he noted government's initiative will focus on enhancing both the wet and dry season harvests, reducing the need for imports in the short term while boosting productivity in the long term. As an immediate measure, the government has ordered maize and wheat imports to stabilize the food market. However, Edun stressed the importance of balancing this with domestic production “It is critical that we do not disrupt domestic production of food.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VAT remains 7.5% in Nigeria – Finance Minister, EdunNigeria's Minister of Finance, Wale Edun, on Monday, dismissed reports making the rounds that the rate for Value-Added Tax, VAT, has been adjusted to 10 percent from 7.5 percent.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Nigeria’s net inflow hits about $2.35bn – Finance Minister, EdunThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria's currency, the Naira, is relatively stable as the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves. Edun disclosed this recently while speaking at the Access Bank annual cooperate forum of 2024 in Lagos.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Finance Minister Wale Edun reacts to Atiku’s claims on VATFinance minister Wale Edun says claims by Atiku and other critics on VAT are false and unwarranted.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

UPDATED: Finance Minister reacts to Atiku’s claims on VATFinance minister Wale Edun says claims by Atiku and other critics on VAT are false.
Source: PremiumTimesng - 🏆 3. / 78 Read more »