Nigeria Cannot Sustain Importation Of Rice- Buhari

President Muhammadu Buhari has explained that the Nigeria cannot sustain the importation of rice and other food items which it has capacity to produce in commercial quantities.

According to Vanguard, the president, who spoke while launching the Central Bank of Nigeria (CBN) anchor programme in Birnin Kebbi, Kebbi state, informed that the diversification of the economy was a necessity.

President Buhari explained also that the falling oil prices in the international market is one of the major reasons his  government is diversifying the economy and intensifying efforts at reinvigorating agriculture.

President Muhammadu Buhari

While recalling that agriculture was the mainstay of the economy before

the discovery of oil, the Nigerian leader stressed that all efforts must be employed towards returning the country to its glory days.

“The importance of agriculture in the economy can not be over emphasised. Prior to the advent of oil, our country‎ survived on agriculture production.

“During this period, the economy our sub region was built ‎on agricultural activities and our gross domestic product grew steady.