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Nairaland Forum / Nairaland / General / Politics / FG Reduces Cost Of Importing Food By $2bn (8561 Views)
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FG Reduces Cost Of Importing Food By $2bn by msmon(m): 6:09am On Oct 12, 2014 |
By Okon Bassey in Uyo Through heavy investment in agriculture, the Federal Government has now reduced the cost of importing food items into the country by $2 billion, the Vice President, Alhaji Namadi Sambo, said in Uyo, Akwa Ibom State capital. The Vice-President spoke at the weekend during the official opening of Lifetime Africa Achievement Prize Economic Forum in the state, saying reducing the cost of importing food into the country was achieved by encouraging the production of between 1.5 million and 2 million tonnes of rice locally. Also, Sambo disclosed that the federal government had released a take-off grant of N220 billion to support small medium enterprises in the country. According to him, in the last three years, the federal government has established 12 new, functional universities in the country to address specific areas of development. On the control of Ebola Virus Disease, he said President Goodluck Jonathan took the outbreak of the disease seriously and assured of the country’s readiness to support other countries in the world to eradicate the disease. Commenting on electricity supply, Sambo pointed out that the President had prioritised power supply and hoped that by 2018-2020, Nigeria would produce about 20,000 megawatts for transmission. He lauded the State Governor, Chief Godswill Akpabio for hosting the foundation which coincided with the celebration of 100 years millennium goal and its 54th independence anniversary and for transforming the state through such major infrastructure as roads, airport, sea port, security, health and education, among others. Governor Akpabio had thanked President Jonathan and Vice President Sambo for the proper handling of Ebola disease and the sending of about 500 health workers to Sierra Leone to help control the disease. Earlier, the President of Millennium Excellence Foundation, James Victor Gbeho, had said the forum was meant to generate ideas for the development of Africa, saying the choice of hosting the forum in Uyo was to showcase the achievements of Akwa Ibom State and to let the world have a glimpse of infrastructural development for other states and countries to emulate. www.thisdaylive.com/articles/fg-reduces-cost-of-importing-food-by-2bn/191060/ 3 Likes 1 Share |
Re: FG Reduces Cost Of Importing Food By $2bn by kazmanbanjoko(m): 6:16am On Oct 12, 2014 |
Hmmmnn, that is good but it does not affect the price of food items in the market na. They may even increase the price of goods in the market 2 Likes 1 Share |
Re: FG Reduces Cost Of Importing Food By $2bn by jeffizy(m): 6:16am On Oct 12, 2014 |
1.5 million and 2 million tonnes of rice I'm yet to eat a local rice. I wonder where it is located. 7 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by bright007(f): 6:53am On Oct 12, 2014 |
Does this reduction also reduce the price of garri in the market 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by Mynd44: 7:04am On Oct 12, 2014 |
And still prices don't reduce. Irony of the highest order 2 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by overhypedsteve(m): 7:05am On Oct 12, 2014 |
jeffizy:you may have ate them but you wont notice because of their improved packaging 20 Likes 1 Share |
Re: FG Reduces Cost Of Importing Food By $2bn by yuzjet(m): 7:05am On Oct 12, 2014 |
Hmmmmm... Namandi Sambo on the news dis time around. Its been a while hv heard from him. Anyway, u do well. 3 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Blackchampion(m): 7:06am On Oct 12, 2014 |
GEJ working snc his days as a governor, n haters hating snc he became 9ja President. 5 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Nobody: 7:06am On Oct 12, 2014 |
Dis two fool can lie ooo, how come u did all dis things u mention and rice price per bag is still skyrocketing, jonahdumb think everybody is dumb as he is 3 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Dahmum(f): 7:06am On Oct 12, 2014 |
![]() 3 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by QMark: 7:06am On Oct 12, 2014 |
Good to hear they have increased support for Agriculture in Nigeria by almost same amount? |
Re: FG Reduces Cost Of Importing Food By $2bn by Nobody: 7:06am On Oct 12, 2014 |
At least, this would encourage food production. Job for we Agric and Biosystems Engr student in the nearest futuRe. ![]() ![]() 4 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Nobody: 7:06am On Oct 12, 2014 |
The price only reduced on the headlines ,garri and rice and beans will never reduce, in nigeria what Goes up can never come down unless there is a serious general riot 2 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by uken73(m): 7:07am On Oct 12, 2014 |
Wow. Wish we can see the positive impact of this. Meanwhile this statement is not very clear. Shouldn't reduction in cost mean that govt is encouraging food import by making it cheaper to import? Looks like someone is trying to say that the import of food has reduced, not the cost. 1 Like
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Re: FG Reduces Cost Of Importing Food By $2bn by oathman(m): 7:07am On Oct 12, 2014 |
9ja......... i pity the generation unborn |
Re: FG Reduces Cost Of Importing Food By $2bn by omenka(m): 7:08am On Oct 12, 2014 |
These people tho. Smh. There is a difference between "reducing the cost of importing foodstuff" and reducing the cost of food imports. I guess the later is what they meant. 2 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Iolo(m): 7:08am On Oct 12, 2014 |
jeffizy: I heard that the popular Mama Gold rice is locally produced. there's also olam and other brands in the market. 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by hayzed2: 7:09am On Oct 12, 2014 |
Another means for GEJ and his cabinet to make more Money #number6 richest africa President ![]() 1 Like 1 Share |
Re: FG Reduces Cost Of Importing Food By $2bn by luvinhubby(m): 7:10am On Oct 12, 2014 |
jeffizy:I am currently eating local rice in my house, even today Sunday. 2 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by chinchong: 7:10am On Oct 12, 2014 |
![]() 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by jeffizy(m): 7:11am On Oct 12, 2014 |
overhypedsteve:That's possible. Just that I don't see made in Nigeria on the few bags I've seen. 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by richardjemedafe1(m): 7:12am On Oct 12, 2014 |
Enter into His gates with thanksgiving, And into His courts with praise. Be thankful to Him, and bless His name. Psalm 100:4 Mr banner note:u ban me unfairly for 3yrs without letting me know my offense but I want to let u know that u are a dumb assholes....... U banned me but within 10minute I created a new acc............. U can go ahead to ban me again assholes.....but I want to let u know that if u ban me again for saying my mind this site will be hacked. and u and seun will never retrieve it again.if u think that this is a empty trait then dare it and see..... #ANGRY |
Re: FG Reduces Cost Of Importing Food By $2bn by omanifrank(m): 7:13am On Oct 12, 2014 |
hmm |
Re: FG Reduces Cost Of Importing Food By $2bn by omanifrank(m): 7:13am On Oct 12, 2014 |
oathman:stop |
Re: FG Reduces Cost Of Importing Food By $2bn by M4gunners: 7:14am On Oct 12, 2014 |
Good move that will motivated local farmers to put more effort. 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by Entchidodo: 7:15am On Oct 12, 2014 |
You cant just pluck figures off air..We need verifications to this motherf**ker especially that of Ministers of Agric and Finance..Else this b**tch would be ticked off as propaganda and showboating |
Re: FG Reduces Cost Of Importing Food By $2bn by wiringdpt(m): 7:16am On Oct 12, 2014 |
And still expensive 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by Nobody: 7:16am On Oct 12, 2014 |
Good news for business owners, start ups and unemployed graduates. 2 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Nobody: 7:17am On Oct 12, 2014 |
Iolo:And a bag is being sold for 10,900. 1 Like |
Re: FG Reduces Cost Of Importing Food By $2bn by Chiefpriest1(m): 7:18am On Oct 12, 2014 |
Lies,lies,lies. I am sure this achievement is only on paper. 3 Likes |
Re: FG Reduces Cost Of Importing Food By $2bn by Nobody: 7:19am On Oct 12, 2014 |
wiringdpt:I'm telling you o, I bought half bag yesterday for 5450, a bag is 10,900. #RubbishPeople 1 Like |
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