Agribusiness
Otti describes as shameful, Nigeria’s food importation bill of N7.8trn
Governor Alex Otti of Abia State has described as shameful the N7.8 trillion spent by Nigeria for food importation in the last six years.
Otti, who made a case for the establishment of agricultural ventures across Nigeria as a panacea to food insecurity, also underscored the need for all to embrace agriculture for sufficiency.
Otti said this during a capacity-building training program for the first batch of 300 candidates selected for agricultural training at CSS Global Integrated Farm, Nasarawa State.
The governor emphasized the role of agriculture in not only addressing issues of food security but also in curbing unemployment and fostering socio-economic stability
Otti pointed out that the country is blessed with abundant arable land and as such should not be burdened with exorbitant import bills, stressing the need for a paradigm shift and the urgency of stakeholders to take the issue seriously.
He said: “It is a shame that a country of over 200 hundred million people with so much arable land, reputed as the largest producers and cultivators of food items spend so much money importing food.
“Statistics show that in the last six years, this country has spent about N7.8 trillion to import food.
“In 2021, we spent about N1.9 trillion, 2022 & 2023 we spent about N2 trillion each year importing food, so to put it in context, our budget for 2024 is somewhere around N28 trillion; 27.5 trillion and then upgraded to about N28 trillion.
“Don’t also forget that these kind of numbers were not seen between 2015 and 2019.
ALSO READ : Boundary Dispute: Osun, Ekiti resolve to explore peace option
The budget numbers were hovering around 7-10 trillion.
So when you spend over 11% of your total buffet importing food, it is a big shame, particularly when you are blessed with land.”
While noting that the two-week agricultural training is aimed at enhancing local food production, Otti urged trainees of the programme to be good ambassadors of the state as well as leverage the opportunity and equip themselves with the knowledge and skills to spearhead agricultural transformation in the state.
He reassured participants of comprehensive support, saying that the state government would cover all expenses from inception to completion of their agricultural training.
-
Trending Stories7 days agoDavido, Wizkid, Burna Boy or Asake: Who is having the biggest 2026 so far?
-
Football6 days agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Business5 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Crime6 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business6 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Energy1 week agoBrent crude tops $100: What higher oil prices mean for Nigeria
-
Business6 days agoNaira gains ground as Euro holds around N1,548, reserves hit 18-year high
-
Business3 days agoDangote IPO rush crashes Bamboo login as investors flood platform


