By Oladipupo Mojeed
Minister of Agriculture and Rural Development Audu Ogbeh has assured Nigerians that the increasing prices of food in the country would crash in a matter of weeks.
The minister stated this in Ekiti state during his visit to the Afe Babalola University’s (ABUAD) farm.
He also disclosed his ministry’s intention to supply the institution with 20 tons of rice seedlings in the next planting season to boost production.
Ogbeh added that the President Muhammadu Buhari administration would stop importation of rice this year.
Importation of Rice
Explaining government’s policy to stop importation of rice, Ogbeh hinted that the country has enough domestic production capacity that could sustain consumption and meet foreign exchange earnings that can guarantee diversification of the economy.
He also said the federal government would sign a memoranda of understanding with ABUAD and Ekiti government to further boost local production of rice and yam.