Nigeria's Bread Industry Struggles Due to Heavy Wheat Imports and Economic Challenges
The article highlights Nigeria's dependence on wheat imports for bread production, with 98% sourced from countries like Russia and Ukraine. The Federal Ministry of Industry, Trade and Investment is urged to address high interest rates and import tariffs affecting local manufacturers, particularly the bread-making industry.
The Manufacturers Association of Nigeria expresses concerns over the economic challenges faced post-COVID-19, with over 60,000 bakeries struggling. President Buhari is commended for certain initiatives but urged to take further action to support local industries and boost economic growth.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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