The Governor of Kebbi state, Abubakar Bagudu, says Nigeria is competitive in rice production, adding that the country has done well in the area of rice production in the last few years.
According to him, while Nigeria sells freshly produced rice, countries that started rice production earlier than Nigeria sell rice stored for years in warehouses.
“We have done well in the last few years. Nigeria is competitive with other countries in rice production. There is no country that can sell rice to us if we compare things. What has been happening is that countries that are stronger than us, countries that started early are selling subsidised rice to us, or rice that has been kept in storage for many years but we are selling freshly produced rice,” Bagudu said on Tuesday.
He, however, expressed optimism that the country has the prospect to dominate the rice market in West Africa and on the continental level with the right investment in critical infrastructure and capital.
“With the support we are receiving, the funding from the domestic economy, the Central Bank of Nigeria, the Capital Market that is beginning to get interested, we believe that we have what it takes to continue to dominate and expand ourselves outside the shores of Nigeria,” he added.
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