Tinubu’s food importation policy could destroy Nigeria’s agriculture – Akinwunmi Adesina
- 62 Views
- Agribusiness Africa
- July 15, 2024
- News & Analysis
Dr. Akinwumi Adesina, President of the African Development Bank, criticized Nigeria’s decision to allow massive food imports, warning it could undermine agriculture and investments. He emphasized the need for Nigeria to boost local food production to ensure food security, create jobs, and stabilize the economy without reliance on imports. Source: Premium Time
Our Review
The recent policy allowing massive food imports in Nigeria, as highlighted by Dr. Akinwumi Adesina, President of the African Development Bank, poses significant risks to the country’s agricultural sector. This move undermines local agriculture and can lead to long-term dependency on food imports. Adesina emphasized the importance of boosting local food production to stabilize prices, create jobs, and reduce foreign exchange spending. The African Development Bank’s investments aim to support agricultural self-sufficiency and value chain development, crucial for sustainable growth and food security in Nigeria.