A pyramid of 1.2 million bags of rice unveiled in Abuja last February: a perfect backdrop chosen by Muhammadu Buhari to announce that the country had doubled on paddy rice production [riz à l’état brut, non décortiqué, ndlr] at 9 million metric tons per year since 2015. But also a symbol of the self-sufficiency policy advocated by the president.
À lire sur The Africa Report – Buharinomics : Rice, border closures, FX… Evaluating the impact of Buhari’s key policies
The Governor of the Bank central of Nigeria (CBN), Godwin Emefiele, confirmed that the milling capacity of Nigerian rice had increased to 3 million metric tons against 350,000 metric tons before the launch of the government program to support farmers, the Anchor Borrowers [micro-crédit à destination des petits agriculteurs, ndlr].
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However, the price of a bag of rice of 50 kg a