Business A.M
No Result
View All Result
Saturday, February 14, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Grain

Low wheat production costs Nigeria $4.2bn on imports annually

by Admin
March 15, 2018
in Grain

Low productivity in wheat farming is costing Nigeria about $4.2 billion annually on the import of the commodity, according Olowasina Olabanji, the executive director, Lake Chad Research Institute (LCRI), Maiduguri, Borno State.

He said the country produces far less than its national consumption level of about 4.7 million metric tonnes, adding that the country must see to a strategic expansion of scope across the country to improve the situation.

Olabanji who spoke at a capacity building workshop for wheat farmers in the South-south Agro Ecological Zone Wednesday, said the event was aimed at bridging the gap between national consumption and local production of wheat in Nigeria.

”In order to bridge the gap between what we consume and what we produce, we need to expand our scope to the South West, the South East and the South-South. Although, wheat is mostly grown in the Northern part of the country, research has shown that it can also do well in the South-South, it is a crop that can adapt to new environment,” Olabanji stated.

According to him, plans were underway to reduce wheat importation by 60 percent in 2025, adding that Nigeria had the potentials to be self sufficient in production of the commodity.

He said Nigeria had 650,000 hectares of land for wheat production in the North and about 80,000 hectares for wheat production during rainy season in Cross River, Plateau and Taraba States.

Olabanji said the Federal Government was committed to the diversification of the nation’s economy through agriculture, adding that the capacity building for the farmers is to train the trainers.

”After the training, we are going to help the farmers get some farm equipment, organised them into cooperative groups to enable them access incentives, inputs and grants to commence expansion of wheat production.

“Our expectations are that many farmers In the South-South region will add value to the wheat value chain in Nigeria.”

Also speaking, Naplitali Telta, wheat coordinator, ministry of agriculture and rural development, said the initiative was to conserve the nation’s foreign exchange by increasing local production of wheat.

”The training is meant to expand and breech the gap between local production and imported wheat, it is also to teach the farmers how to use good agricultural practices in the cultivation of the produce” Telta said.

Previous Post

Unilever picks Netherland over UK as base, though retaining HQ of 2 divisions in London

Next Post

Soybean futures rally ahead of US export data

Next Post

Soybean futures rally ahead of US export data

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Bedrock Residences appoints Kofo Ati-John as chairman

Bedrock Residences appoints Kofo Ati-John as chairman

February 14, 2026
Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

Nigerian Breweries returns to profitability with N99bn net income

February 14, 2026
Nigerian Bottling Company advances youth development as 2026 #YouthEmpowered opens at UNILAG

Nigerian Bottling Company advances youth development as 2026 #YouthEmpowered opens at UNILAG

February 14, 2026
Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • What’s Behind the Fourth-Quarter Earnings Dip?

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Bedrock Residences appoints Kofo Ati-John as chairman

Bedrock Residences appoints Kofo Ati-John as chairman

February 14, 2026
Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

Nigerian Breweries returns to profitability with N99bn net income

February 14, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M