Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Any chairman who fails to win his council for APC will be sacked and replaced – Governor Francis Nwifuru threatens LG Chairmen

Uber ends operations in Nigeria after 12 years, cites shift in African investment strategy

Lionel Richie hospitalized in ICU for ongoing cardiac issues

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»It is a shame Nigeria spent N7.8 trillion on food importing – Alex Otti
Breaking News

It is a shame Nigeria spent N7.8 trillion on food importing – Alex Otti

DailyblastBy DailyblastMay 10, 202402 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

Abia State Governor, Alex Otti, has made a case for the establishment of agricultural ventures across Nigeria as a panacea to food insecurity.

While underscoring the need for all to embrace agriculture for sufficiency, Otti highlighted that a whooping  N7.8 trillion was spent by the Nigerian government on food imports over the past six years.

Related posts:

  1. Dave Umahi reveals the 3rd Mainland Bridge rehabilitation will cost N3.8 trillion while reconstruction will cost N3.6 trillion
  2. Canadian lady bags 11 years imprisonment for importing illicit drug into Nigeria
  3. NDLEA arrests NYSC member in Abuja for importing drugged candies from the UK
  4. Abia State budget confirms Governor Otti spent N927million on meals, welfare packages in three months, N25million on public schools

Otti made the call during a capacity-building training program for the first batch of 300 candidates selected for agricultural training at CSS Global Integrated Farm, Nassarawa State.

The governor emphasized the role of agriculture in not only addressing issues of food security but also in curbing unemployment and fostering socio-economic stability.

He pointed out that the country is blessed with abundant arable land and as such should not be burdened with exorbitant import bills, stressing the need for a paradigm shift and the urgency of stakeholders to take the issue seriously.

He said, “It is a shame that a country of over 200 hundred million people with so much arable land, reputed as the largest producers and cultivators of food items spend so much money importing food.

“Statistics show that in the last six years, this country has spent about N7.8 trillion to import food.

“In 2021, we spent about N1.9 trillion, 2022 & 2023 we spent about N2 trillion each year importing food, so to put it in context, our budget for 2024 is somewhere around N28 trillion; 27.5 trillion and then upgraded to about N28 trillion.

“Don’t also forget that these kind of numbers were not seen between 2015 and 2019. The budget numbers were hovering around 7-10 trillion. So when you spend over 11% of your total buffet importing food, it is a big shame, particularly when you are blessed with land.”

The governor while noting that the two-week agricultural training is aimed at enhancing local food production, urged trainees of the programme to be good ambassadors of the state as well as leverage the opportunity and equip themselves with the knowledge and skills to spearhead agricultural transformation in the state.

He reassured participants of comprehensive support, saying that the state government would cover all expenses from inception to completion of their agricultural training.

Post Views: 577
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleAlleged N2.7bn fraud: Hadi Sirika, daughter arrive Abuja court for trial
Next Article 50 Kogi University students kidnapped by terrorists during invasion
Dailyblast

Related Posts

North Is the biggest beneficiary of my economic reforms – Tinubu

September 2, 2026

Tinubu spent 261 days abroad, 52 trips, N37.6bn

September 2, 2026

INEC Denies Allegation of ‘Smuggled’ Candidates by NDC, Says Party Responsible for Candidate Nominations

September 1, 2026
Add A Comment

Comments are closed.

Recent Posts
  • Any chairman who fails to win his council for APC will be sacked and replaced – Governor Francis Nwifuru threatens LG Chairmen September 2, 2026
  • Uber ends operations in Nigeria after 12 years, cites shift in African investment strategy September 2, 2026
  • Lionel Richie hospitalized in ICU for ongoing cardiac issues September 2, 2026
  • North Is the biggest beneficiary of my economic reforms – Tinubu September 2, 2026
  • Tinubu spent 261 days abroad, 52 trips, N37.6bn September 2, 2026
Top Posts

FCMB issue fake dollars to customer in Abuja

August 3, 2021

June 12 book: Ubani settles Dr Uzor Ngoladi & Chief Abimbola Aboderin matter out of court

August 4, 2021

Apostle Suleman slept with me twice and paid me N500,000 – Nollywood actress, Ifemeludike

August 21, 2021
Latest Reviews
Most Popular

FCMB issue fake dollars to customer in Abuja

August 3, 2021

June 12 book: Ubani settles Dr Uzor Ngoladi & Chief Abimbola Aboderin matter out of court

August 4, 2021

Apostle Suleman slept with me twice and paid me N500,000 – Nollywood actress, Ifemeludike

August 21, 2021
Our Picks

Any chairman who fails to win his council for APC will be sacked and replaced – Governor Francis Nwifuru threatens LG Chairmen

Uber ends operations in Nigeria after 12 years, cites shift in African investment strategy

Lionel Richie hospitalized in ICU for ongoing cardiac issues

© 2026
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.