said that Nigeria spends about $22bn a year on importation of food. Lokpobiri made this known on Saturday at a town hall meeting in Yenagoa, Bayelsa State.
He said the development had led to the
astronomical rise in price of rice and other
commodities, stressing that if Nigerians failed to
produce some of the items being imported,
before December the price of rice would
skyrocket to N40,000 a bag...
He said there was a projection that by 2050,
Nigeria’s population would be 450 million,
wondering what would happen then if the people
could not feed themselves now.
Lokpobiri said, “For your information, we spend
about $22bn a year importing food into Nigeria.
We know how many more dollars … and that is
why you see the price of rice going up.
“Price of rice was N12,000 some months ago,
but it is now about N26,000 and if we don’t start
producing, by December it could be N40,000.
Any country that is not good in production can never be as rich as China because back in the days, the only source of income of China was films. Imagine, Nigerians can't produce even toothpicks - almost everything in Nigeria is based on importation which the present government has obstructed knowing fully well that Nigerians lack production I.e why there's economic meltdown in Nigeria now.
Most times, i wondered why many Nigerians sent to abroad to study can't import their knowledge Nigeria and invest but i just realized that our government is not encouraging us talkless of foreign investors that ran away..........
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