Nigeria to Add 2.1 Million Tons of Rice in 4 Years
(Corrects to show production figure is additional output.)
Nigeria will raise its annual rice production by 2.1 million metric tons within the next four years, making the West African nation self-sufficient in output of the staple crop, said Agriculture Minister Akinwunmi Adesina.
The country will sign a deal with U.S.-based Dominion Farms Ltd. to start a 300,000-ton, $40 million rice farm that would be the biggest of its kind in Africa, he told reporters in Abuja, the capital, today. The plantation’s output will save Nigeria 54 billion naira annually in rice-import costs, Adesina said.
To contact the reporter on this story: Maram Mazen in Abuja at mmazen@bloomberg.net
To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net
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