Nigeria’s reliance on wheat importation is a significant drain on the country’s economy, with a staggering annual spend of $3.03 billion. As a Nigerian clearing agent , we recognize the urgent need to address this issue. With only 1% of the 5-6 million metric tons of wheat consumed annually being produced locally, it’s clear that Nigeria’s wheat production is in dire need of a boost.
The Central Bank of Nigeria (CBN) has taken steps to tackle this challenge, aiming to reduce wheat importation by 60% over the next two years. This initiative is part of the Nigerian Brown Revolution, an offshoot of the Anchor Borrowers’ Programme (ABP), which seeks to revolutionize the wheat value chain in Nigeria.
As a freight forwarding agency in Nigeria, we support efforts to promote local production and reduce reliance on imports. By doing so, we can stimulate economic growth, create jobs, and ensure food security for Nigeria’s population. Let’s work together to build a more sustainable future for Nigeria’s wheat industry.
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