Vice President Yemi Osinbajo has said that Nigeria now produces about 11 million metric tons of paddy rice and has reduced importation of the commodity.
Osinbajo also noted that the country has now reduced its importation of paddy rice by 98 percent.
He said this on Monday during a chat with some Nigerians at a town hall meeting in Minnesota, the United States of America.
According to him, “We are doing a lot of work in agriculture. Take rice, for instance, we are doing a lot in rice production and we have increased local production such that we are no longer spending $5 million daily on rice import.
“Today, we are doing 11 million metric tons of paddy rice and are now importing only 2 percent of what we used to import.”
He added that “If you look at the port issue, for example, we must be able to clear our port system; people must be able to import and export their goods in hours not weeks and months.”