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Nigeria spends N587.5bn on 247,000 tonnes wheat production

Nigeria spends N587.5bn on 247,000 tonnes wheat production

…misses target by 2.55m tonnes Despite the N587.5 billion ($1.25 billion) financial support from the World Bank, African Development Bank (AFDB) and International Fund for Agricultural Development (IFAD) and groups under the Agricultural Transformation Agenda…

CBN targets 60% cut in wheat importation

CBN targets 60% cut in wheat importation

…warns hoarders, smugglers …says no panic over food price The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the apex bank is committed to improving local production of wheat and…

Noodles producers import N193.2bn wheat

Noodles producers import N193.2bn wheat

As food consumption is on the increase, pasta and noodles producers have imported a total of 840,000 tons of wheat valued at N193.2billion ($420million) this year. The imports account for 15 per cent of the…