Nigerians eat too much rice, that’s why it is expensive – Audu Ogbeh

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Wednesday in Abuja said Nigerian businessmen demanded 2.5 billion dollars (about N492 billion) a week for importation of goods and services into the country.

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Ogbeh made this known in a meeting with officials of VICAMPRO, an indigenous Agro Company investing in production of Irish Potato on Wednesday in Abuja.

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He said that the ministry was willing to support local investors with capacity to produce goods and save the country’s foreign exchange.

He said that the consumption of rice in the country was rising and that a lot of people were not aware that the rice had some degree of arsenic.

The minister said that consuming rice in large quantity on a regular basis was a bit of health risk, adding that substituting it with potato would be welcomed development.

“The volume of importation of virtually everything into this country is too much.

“The demand for dollars in this country as at today is 2.5 billion a week; this is the quantum of dollars Nigerians are asking for to import things.

“Since 1986, we began this habit of importing everything and doing virtually nothing at home to sustain ourselves; now, we do not have the dollars and people are very hungry.

“This day was coming anyway, no matter who was in power; we have the most ridiculous method of devaluing our currency; every week, we auction the dollar and naira goes up.

“We sat and were hoping that by devaluation, we are going to arrive at Eldorado; if we continue like this, it will be a thousand naira to a dollar,’’ he said.

While commending the investor, Ogbeh said that any private sector effort that would develop local production of goods would be fully supported by the ministry.

“We should aggressively take the West African market; there is no reason why we should allow Irish potato from Ireland and France and Belgium into West Africa; it is the same story with onions.

Earlier, the Chief Executive Officer of VICAMPRO, Mr Michael Agbogo, said that potato could bring value worth over one trillion naira annually if properly harnessed.

He said that potato was the fourth most important crop in the world and that a barrel of oil was an equivalent of 14 kilogrammes of potatoes.

According to Agbogo, while current price of crude oil will fetch the country about N16,000 per barrel, the equivalent in potato will fetch the country N39,000.

He said that in terms of value, potato had three times the value of crude oil, adding that it was a huge industry the country could get into.

Agbogo said that Egypt and Algeria were the leading potato producing countries in Africa, with Egypt producing four million tonnes annually from about 100,000 hectares of land.

He said that Nigeria, which had close to 500,000 hectares, was struggling to produce one million tonnes of potato per annum.

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18 Comments

  1. The minister is not Complaining that Nigerians eat too much rice as captured by the headline “Consuming rice in large quantity is a health risk” this is advisory folks please we should stop these toxic criticism of everything this administration is doing, this minister is one of the best in this administration, if this man continues like this, food importation will soon become a thing of the past in Nigeria, no pain no gain let us endure this harsh situation and cooperate with the Government instead of pulling it down, the consequences of pulling down this Government if we succeed might spell doom for this Nation

  2. How did we get here oh Nigeria……..are this people ready to tackle anything?i know they have always been bereaved of ideas but not to this extent.this is truly a sad one for me today,but as time ticks it slowly tends to another Election Day,please do what is right this time around.

  3. This is MOST Useless Stupid Fucking Idiot Old Man, I ever seen in my life, denying his people basic necessity of life – FOOD. Ha ha, This Audu Ogbeh, or what is fucking name is, MUST not resign, but must be terminated !!!

  4. Typographical Correction in my previous post ::: ….
    This Audu Ogbeh, or what is fucking name is, MUST NOT ONLY RESIGN, but be Terminated – killed !!!

  5. I see the problem of not thinking of how people will interpret whatever we say in our leaders. They need to be TRAINED TO COMMUNICATE CLEARLY.
    The press also need to learn to not exaggerate every error, your news might sell but it leaves a bitter taste in the souls of the consumers.

    Honestly, all he wanted to say was SIMPLE ECONOMICS: DEMAND & SUPPLY.

    The disposable income of Nigerians is going to the outsiders (the suppliers), instead of circulating within the economy and better still turn the table and become suppliers too.
    His example of rice is just not well thought out, I hope other leaders learn from this; think of how your people hear!

  6. Rice used to be his favorite food and so, he ate so much of it and his doctor just told him he has eaten enough rice for his life. He does not want to see people around him eating rice so he won’t miss it. Do not listen to him.

  7. THIS BABA AUDE OGBEH DEY CRAZE, IT SHOWS HE HAS NO BRAIN TO SOLVE NAIJA PROBLEM, WHERE ARE THE INFRASTRUCTURE THAT WILL ENCOURAGE LOCAL PRODUCTION OF ANYTHING , EVEN TO PRODUCE QUALITY PURE WATER NEEDS MILLION NAIRA INVESTMENT DUE TO ELECTRICITY COST. AEON BABA WEERE

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