The focus in Nigeria is now on reducing the country’s reliance on food imports, as outlined by the Minister of Finance and Coordinating Minister of the Economy. The aim is to enhance domestic agricultural production and ensure food security within the nation.
During a recent press conference in Abuja, the Minister emphasized the necessity of moving away from heavy food importation, stating that self-sufficiency is crucial for Nigeria’s future. The government plans to support small-scale farmers by providing essential resources like seeds and fertilizer through initiatives such as the Nigerian Agricultural Growth Scheme.
Efforts will be directed towards improving both wet and dry season harvests to decrease the need for imports in the short term and enhance productivity in the long term. While immediate measures like importing maize and wheat have been taken to stabilize the food market, the Minister emphasized the importance of maintaining a balance with domestic production.
The strategy to shift from food imports is not only an economic imperative but a vital step towards Nigeria’s self-reliance. The goal is to significantly increase agricultural productivity by improving local seedlings and farming practices. This agricultural drive is part of a broader economic reform agenda as the country adjusts to the recent removal of fuel subsidies.
The Minister of Budget and National Planning also highlighted the challenge posed by Nigeria’s growing population, which has doubled from 119 million in 1999 to 230 million today. This rapid population growth has increased the demand for government services, infrastructure, education, and healthcare, underscoring the need for sustained development efforts.