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FG to save N431bn from ban on wheat importation

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#1 Sunstar191


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Posted 05 June 2013 - 05:44 AM

The Federal Government has concluded
plans to stop the importation of wheat
into the country to create markets for
farmers involved in the production of
the grain. The Minister of Agriculture and Rural
Development, Dr. Akinwumi Adesina
made this known during the inaugural
meeting of the Nigeria Agribusiness
Group, NAG, weekend in Abuja said
Nigeria would meet 68% wheat needs by 2015. He said the efforts of government
towards encouraging the substitution
of wheat with high quality cassava
flour is already yielding positive
results as the wheat imports to
Nigeria declined from an all-time high of 4,051,000 MT in 2010 to 3,700,000
MT in 2012. “As we implement accelerated
cassava flour production, with the
installation of the industrial scale
cassava flour plants, expand cassava
production and deploy hundreds of
compact modular milling systems, Nigeria’s dependency on imported
wheat will decline even further” Dr. Adesina said the government is
looking into the local production of
wheat in the Northern part of Nigeria
as he informed members of the group
that the Lake Chad Research Institute
of Nigeria has released new high yielding tropical and heat tolerant
wheat varieties that can yield up to 6
tons per hectare. This, according to
him, is about four times the yield of
temperate wheat varieties used in
Nigeria during the effort to produce wheat in the 1980s. He further explained that with the
tropical wheat varieties that are
presently available in the country and
at the high yields being obtained, he
held that it is profitable and
economically-viable to produce wheat in Nigeria. The Minister explained that “21,000 MT
was harvested in 2012, from the new
varieties, which according to him,
would be used as seeds. The target, he
said, is to plant 212,000 ha of wheat
by 2014, with expected production of over 1 million MT and a projection to
expand the cultivated area to 215,000
hectares by 2015, with an anticipated
production of 1.2 million MT. “So, in two years, if we accelerate
investment, we should be able to
produce 2.2 million MT of wheat. This
would meet 68% of our domestic
wheat requirements and save Nigeria
N 431 Billion in wheat imports annually.” He thereafter encouraged members to
seriously consider investing in
commercial wheat production to take
advantage of the new opportunities...http://www.vanguardn...at-importation/

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