FMCG

Food Importation: Good or Bad Business?

Despite the abudance of fertile lands and favourable weather considered very good for agriculture in Nigeria, the country still ranks amongst the top three net importer of food items in the world, a situation some analyst have described as worrisome.

According to the Minister of Agriculture, Dr. Akinwumi Adesina, the Federal Government spent over N99 trillion on the importation of food between 2007 and 2010.

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