CBN: Nigeria spends $2 billion on wheat importation yearly

The Central Bank of Nigeria (CBN) says the country spends $2 billion annually on the importation of wheat.

Yila Yusuf, director of CBN development finance department, disclosed this in Abuja, at the wheat conference and stakeholder engagement, with the theme ‘Improving and Sustaining the Wheat Value Chain Development in Nigeria’.

He highlighted the enormous potential of the wheat value chain for ground-breaking impact in the agricultural sector.

Yusuf said the CBN sought to focus attention on the wheat value chain for 2021/2022 dry season planting after sustainable progress across the rice and maize value chains.

Read more from the source: TODAY