Nigerian Senate Moves to Slash $2bn Rice Import Bill, Establish National Rice Council
The Nigerian Senate is pushing to cut the $2 billion rice import bill by setting up a National Rice Council to enhance local production and food self-sufficiency. Sponsored by Senator Adamu Aliero, the bill seeks to coordinate research, regulate product standards, support farmers, and promote innovation in the rice value chain.
The move aligns with President Bola Tinubu's agricultural transformation agenda. The initiative is expected to create millions of jobs, reduce foreign exchange spending, and elevate Nigerian farmers from subsistence to commercial status.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nasarawa State Aims to Boost Rice Production, Targets 1.2 Million Bags Harvest
Senator Ndume Urges FG to Cut National Assembly Budget for Security
NDLEA and Army Eradicate Cannabis Farms in Edo State
REA Advocates Unified Strategy for Nigeria's Electricity Access
Nigerian Armed Forces Intensify Fight Against Terrorism
NDLEA Dismantles Cannabis Farms, Arrests Two in Edo
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
