{"id":132129,"date":"2024-09-26T15:57:22","date_gmt":"2024-09-26T14:57:22","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-will-soon-stop-food-imports-finance-minister-edun"},"modified":"2024-09-26T17:00:21","modified_gmt":"2024-09-26T16:00:21","slug":"nigeria-will-soon-stop-food-imports-finance-minister-edun","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun","title":{"rendered":"Nigeria will soon stop food imports \u2013 Finance Minister, Edun"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Minister of Finance, Wale Edun, has said that the Federal Government has outlined a strategy to increase domestic agricultural production and increase food security.<\/p>\n

Edun, disclosed this at a press conference in Abuja on Thursday to mark the country\u2019s 64th Independence Day.<\/p>\n

He declared that that the era of heavy food importation must end, and insisted on driving this shift as a cornerstone of the government\u2019s economic recovery plan.<\/p>\n

\u201cWe should not be importing food,\u201d Edun stated, stressing that Nigeria\u2019s future lies in self-sufficiency.<\/p>\n

The government, he said, was committed to maximum support for small-scale farmers by providing critical inputs like seeds and fertilizer under schemes such as the Nigerian Agricultural Growth Scheme.<\/p>\n

Also, he noted government\u2019s initiative will focus on enhancing both the wet and dry season harvests, reducing the need for imports in the short term while boosting productivity in the long term.<\/p>\n

As an immediate measure, the government has ordered maize and wheat imports to stabilize the food market.<\/p>\n

However, Edun stressed the importance of balancing this with domestic production<\/p>\n

\u201cIt is critical that we do not disrupt domestic production of food. We mustn\u2019t disrupt farming in Nigeria by flooding the market with imports,\u201d he warned.<\/p>\n

This comes as the Central Bank of Nigeria\u2019s data showed that the country spent N903.95 billion on food imports in the first quarter of 2024 alone as inflation stood at 32.15 percent in August.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Minister of Finance, Wale Edun, has said that the Federal Government has outlined a strategy to increase domestic agricultural production and increase food security. Edun, disclosed this at a press conference in Abuja on Thursday to mark the country\u2019s 64th Independence Day. He declared that that the era of heavy food importation […]<\/p>\n","protected":false},"author":84,"featured_media":132128,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[11169,254],"class_list":["post-132129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-edu","tag-nigeria"],"yoast_head":"\nNigeria will soon stop food imports \u2013 Finance Minister, Edun - Nigeria<\/title>\n<meta name=\"description\" content=\"Minister of Finance, Wale Edun, has said that the Federal Government has outlined a strategy to increase domestic agricu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria will soon stop food imports \u2013 Finance Minister, Edun\" \/>\n<meta property=\"og:description\" content=\"Minister of Finance, Wale Edun, has said that the Federal Government has outlined a strategy to increase domestic agricu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-26T14:57:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-26T16:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1727353799.34409.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"862\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria will soon stop food imports \u2013 Finance Minister, Edun\",\"datePublished\":\"2024-09-26T14:57:22+00:00\",\"dateModified\":\"2024-09-26T16:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1727353799.34409.jpg\",\"keywords\":[\"Edu\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-will-soon-stop-food-imports-finance-minister-edun\",\"name\":\"Nigeria will soon stop food imports \u2013 Finance Minister, Edun - 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