Nigeria Can Become Africa’s Rice Export Hub, NGF Says

Author: Henry UmoruPublished on: November 4, 2026Country: Nigeria
Business & Economy
Nigeria Can Become Africa’s Rice Export Hub, NGF Says

Nigeria Governors’ Forum Director-General Abdulateef Shittu said in Abuja that Nigeria could close its 5.3-million-tonne rice production deficit and become a net exporter. The country consumes about 8.6 million tonnes annually, compared with domestic production of 3.3 million tonnes, and consumption is projected to reach 9.1 million tonnes next year. Shittu blamed the shortfall on inconsistent policies and poor coordination, and called for sustained support across the agricultural value chain. He also urged all 36 states to establish functional statistics bureaus and improve agricultural data collection.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Former Afreximbank President Oramah Urges Africa to Turn Global Shocks into Opportunities
Business & EconomyTechnologyNigeria
Henry Ojelu & Deborah Oladeji•

Former Afreximbank President Oramah Urges Africa to Turn Global Shocks into Opportunities

At the 20th AELEX Annual Lecture in Lagos, former Afreximbank President Benedict Oramah urged African countries to use geopolitical upheaval and technological advances to accelerate economic transformation. He criticized reliance on foreign capital, currencies and raw-material exports, noting that between $350 billion and $500 billion in African foreign-exchange reserves are held outside the continent. Oramah called for stronger African financial institutions, more local-currency financing, expanded PAPSS and effective implementation of the AfCFTA, alongside investment in energy, data centres and critical-mineral processing. Event chair Bola Adesola stressed preparation for disruptions, while AELEX founding partner Fubara Anga urged state and local governments to take a greater role in attracting investment.

Read More
Hamzat Seeks a Stronger Private-Sector Role in Lagos Development
PoliticsBusiness & EconomyNigeria
Olasunkanmi Akoni•

Hamzat Seeks a Stronger Private-Sector Role in Lagos Development

Lagos State Deputy Governor and APC candidate in the 2027 governorship election, Kadri Obafemi Hamzat, called for stronger public-private collaboration, higher public revenue and continued infrastructure investment. Speaking at an investor engagement organized by Aztran on Lagos Island, he cited the rollout of 11 Oracle ERP modules, which he said improved accountability and internally generated revenue, as well as the state’s rail projects. Hamzat said Lagos was reviewing waste collection funding so private operators could receive direct government payments, while subsidies would continue. Aztran Co-Managing Partner Victor Aluyi urged investors to mobilize capital to address infrastructure funding gaps in transport, power, housing, waste management and logistics.

Read More

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox