The federal government says it will completely phase out the N941.6 billion annual wheat importation in Nigeria in four years.
The Minister of Agriculture, Abubakar Kyari, disclosed this on Friday when he visited various seed wheat productions in Kano.
According to him, the government had unveiled a 50 per cent subsidy to wheat farmers in the upcoming dry season to guarantee massive grain production in Nigeria.
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He lamented that wheat importation drains a significant portion of the country’s foreign reserves.
“The breeder and foundation seeds underwent rigorous examination, and we are now content with our plan to phase out wheat importation before next year’s irrigation farming season.
“This is necessary as wheat importation is draining a significant portion of Nigeria’s foreign reserves.
“In the next 4-5 years, with the programmes we have put in place, Nigeria will completely cease importing wheat seeds and become self-sufficient through local production, which will enhance food production and security.”
FTN reports that according to the National Bureau of Statistics foreign trade data, Nigeria spent N941.6 billion importing wheat in 2022
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