Nigeria Imports $1.297bn Agric Products In Q4’20

The National Bureau of Statistics (NBS) has disclosed that agricultural products valued at $1.297 billion (N532.4 billion) were imported into the country in Q4’20. The figure showed an increase of 5.75 per cent compared to N503.4 billion in Q3’20. A breakdown by NBS also revealed that the major agriculture imports included durum wheat (not in seeds) worth N62.9 billion imported from Russia, Lithuania (N55.3 billion), the United States (N54.6 billion) and Canada (N51.8 billion).
 
Also, herrings (fish) valued at N14.8 billion were imported from The Netherlands, while Russia accounted for N6.62 billion worth of the product. Palm oil worth N22 billion was imported from Malaysia. While speaking on the Federal Government’s plans to ban the importation of fish into the country, the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, revealed that there were so many resources in Nigeria, hence the need to ensure that all the food imported are produced locally in line with the current administration’s agenda…
 
More details through:
https://www.newtelegraphng.com/nigeria-imports-n532bn-agric-products-in-q420/