“Rice Sub-sector has generated N470 Billion To Nigeria’s Economy” says Minister of Agriculture and Rural Development, Akinwumi Adesina.

The rice sub-sector has generated about N470 billion to the Nigerian economy in the three and half years of the implementation of the rice transformation agenda of the present administration.

The Minister of Agriculture and Rural Development, Akinwumi Adesina, stated this on Thursday, February 26, in Abuja, at the signing of Memorandum of Understanding (MoU) between the Federal Ministry of Agriculture and Rural Development and Alvan Blanch on the establishment of 26 paddy aggregation centres.

The minister,while addressing a delegation from India,said over 7 million metric tonnes of paddy rice have been produced and added to the domestic food supply.

It would be recalled that he had said in 2014 that the rice transformation programme of the present administration had added N320billion to the nation’s economy.

He also noted that over the last three years that the rice sub-sector in Nigeria has attracted over $2.6billion of private sector investments.

Biz Watch Nigeria