WHY NIGERIA IS CUTTING DOWN ON FOOD IMPORTATION, BY VP OSINBAJO

OFFICE OF THE VICE PRESIDENT

PRESS RELEASE

WHY NIGERIA IS CUTTING DOWN ON FOOD IMPORTATION, BY VP OSINBAJO

*Invites Russian farmers to engage in local agric production

Foreign exchange constraints and the availability of arable land in Nigeria makes the case for improved local agricultural production in Nigeria an imperative, rather than continued importation with its significant pressure on dwindling foreign earnings of the country.

Vice President Yemi Osinbajo, SAN, gave this explanation earlier today while receiving in his office a Russian delegation led by the Russian Minister of Agriculture who is also the Co-Chair of the Nigeria-Russia Joint Commission, Mr. Alexander Tkachev.

"The oil prices have gone down tremendously and yet large amount of foreign exchange is used to purchase food abroad and we have large arable land for agric. It won't make sense, if you don't use the land," according to the Vice President.

Prof. Osinbajo then invited Russian farmers to invest in Nigeria, produce and import from here, saying "we are just 6 hours away from Europe by air. Vegetables, flour can be exported to Europe from here, even our local market here is a lot."

Both the Vice President and the delegation that included the Russian Ambassador in Nigeria, Ambassador Nikolay Udovichenko, Russian Deputy Minister of Agriculture, Mr. Evgeny Gromyko and officials of Russian's firm-United Company (Rusal) agreed that Nigeria and Russia should deepen the existing diplomatic relationship, especially economically.

According to Prof. Osinbajo "there is a lot of money to be made if Russian technology in agriculture is deployed locally," adding that there are better opportunities for economic cooperation between both countries.

Speaking earlier, the Russian Agriculture Minister expressed his country's willingness to enhance the existing trade relations with Nigeria. He observed that the Nigeria-Russia trade volume as at the end of 2015 exceeded $300 million, but added that there are potentials for improvement in the years ahead.

Laolu Akande

Senior Special Assistant on Media & Publicity

Office of the Vice President

November 10, 2016

Comments

I pity President Buhari- Nasir El-Rufai says

Kaduna state governor, Nasir El-Rufai says he pities President Buhari because the two times he's become president of Nigeria was when the country was going through rough economic periods. El-Rufai said this while speaking at the Sunday Service of the Latter Rain Assembly which he attended yesterday July 31st. “We have always known that there is massive corruption in Nigeria but the revelations of the past one year have shocked even the most pessimistic of critics. Nearly 70 per cent of Nigeria’s oil revenues disappeared without a trace. Of course, there must be consequences for that. When we sit down with President Buhari these days, I pity him. I pity him because he has always become President anytime Nigeria is in trouble. First, it was after the NPN (National Party of Nigeria) government had almost grounded the economy (in 1984) and now, after a massive looting of the nation’s treasury; and he has to lead the team to fix it”he said Attend Professional Blogging

Picking A Vice President In 1999 Was A Mistake – Obasanjo

Former president Olusegun Obasanjo on Saturday said picking a running mate in the 1999 presidential election was a mistake. He made the comment while speaking in Abeokuta at a leadership and entrpreneurship mentoring session with selected school students. Obasanjo, who won the 1999 and 2003 presidential elections, ran alongside Atiku Abubakar. See full story here https://www.channelstv.com/2022/06/25/picking-a-vice-president-in-1999-was-a-mistake-obasanjo/

How to Twitter: The Ultimate Beginner’s Guide For Using Twitter

Learning how to use Twitter can seem overwhelming at first, but with this guide you’ll soon be on your way to becoming a tweeting superstar. Before you get started, just remember that like all things in life, you get out what you put in it. If you genuinely take the time to build a community on Twitter you’ll see it can be an amazing place full of endless possibilities. Let’s get started! How to Twitter: The Ultimate Beginner’s Guide For Using Twitter What is Twitter? Twitter is an extremely fast moving social network that uses microblogging as a way to get instant news/updates. Twitter is called a microblogging platform because you’re only allowed to use 140 characters to send your “tweet” (message or status). If you can’t get creative enough to keep your tweets to 140 characters you can check out this article on extending your tweets . Create A Twitter Account The first thing you’ll need to do is create an account. Go to Twitter.com and using your email, sign

Fully Reported

Search This Blog