The Custodian Newspaper Online
No Result
View All Result
Friday, March 20, 2026
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • World
  • eStore
The Custodian Newspaper Online
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • World
  • eStore
No Result
View All Result
The Custodian Newspaper Online
No Result
View All Result
Home Business

Nigeria has ‘no money’ to import food

by Mohammed Gadafi
May 26, 2020
in Business, General News
0
Nigeria has ‘no money’ to import food
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Nigeria’s President Muhammadu Buhari has said that Nigerian farmers must produce enough for the country to eat, saying that the country has “no money to import” food.

The comments follow concerns around food insecurity during the coronavirus pandemic and rising food prices in Africa’s most populous nation.

According to the UN’s Food and Agriculture Programme, even before the Covid-19 crisis, farmers had not been able to satisfy demand for Nigeria’s population of some 200 million.

Although the agricultural sector remains a major employer, it has suffered years of neglect as the country’s economy focused heavily on oil revenue.

Nigeria’s President Muhammadu Buhari

Nigeria has been trying to boost domestic rice production for some time, cracking down on smuggled imports from Thailand by closing the country’s land borders last year.

Prior to the ban, Nigeria used to import over a million tonnes of rice from Thailand annually.

Now it only allows foreign rice through its ports – and imposes high import taxes.

Food prices have risen in Nigeria since the onset of coronavirus and government revenues have been hit badly by the fall in global oil prices.

The International Monetary Fund predicts that Africa’s biggest economy will contract by 1.5% points in 2020.

  • Latest
  • Trending
Tomato Burkina Faso

Tomato supply crisis in Ghana as Burkina Faso suspends exports

March 19, 2026
GJA demands end to Police intimidation of journalists in Ghana

GJA demands end to Police intimidation of journalists in Ghana

March 19, 2026
Newspaper Frontpages – Thursday, 19th March, 2026

Newspaper Frontpages – Thursday, 19th March, 2026

March 19, 2026
Atebubu Metro Mass

Atebubu chief urges Metro Mass expansion to Municipality

March 18, 2026
Headmaster Agbana Dzosec

Agbana slams Lobbyists trying to replace DZOSEC Headmaster

January 29, 2026
Dzosec Arrest Headmaster

DZOSEC: Audit Report Calls for Arrest of Former Headmaster

August 23, 2025
Newspaper Frontpages – Thursday, 29th January, 2026

Newspaper Frontpages – Thursday, 29th January, 2026

January 29, 2026
Newspaper Frontpages – Monday, 9th February, 2026

Newspaper Frontpages – Monday, 9th February, 2026

February 9, 2026

The CustodianGh Online’s vision is to become the most preferred go-to news brand in Ghana.

Contact Us

thecustodiangh@gmail.com

Popular Categories

  • News
  • Business
  • Politics
  • Sport
  • Arts & Showbiz
  • Tech

Archives

© 2025 The CustodianGh Online - All rights reserved.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • eStore

© 2025 The CustodianGh Online - All rights reserved.