Close Menu
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
    • Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
  • Videos
  • About Us
    • Contact Us
Facebook X (Twitter) Instagram
Trending
  • Lamido to Tinubu: Pay Abiola’s family N45b FG owes him
  • Is ‘Nigeria First’ initiative the latest political rhetoric?, by Ola Emmanuel
  • Court berates Natasha for wrong social media usage
  • Unlocking Nigeria’s Energy Future: Case for CNG adoption, by Olusola Aluko
  • Senate to Military After Soldiers’ Killing: Redeploy troops, advanced weapons
  • NDLEA intercepts fuel tanker stocked with India hemp in Niger
  • Lagos shuts 35 supermarkets for selling expired products
  • Bill to upgrade Yabatech to University scales second reading in Senate
Facebook X (Twitter) Instagram
The Eagle OnlineThe Eagle Online
  • Home
  • News

    Lamido to Tinubu: Pay Abiola’s family N45b FG owes him

    May 13, 2025

    Court berates Natasha for wrong social media usage

    May 13, 2025

    NDLEA intercepts fuel tanker stocked with India hemp in Niger

    May 13, 2025

    Lagos shuts 35 supermarkets for selling expired products

    May 13, 2025

    Bill to upgrade Yabatech to University scales second reading in Senate

    May 13, 2025
  • Sport

    NOC unveils revolutionary safeguarding handbook: SAFE SPACE

    May 13, 2025

    Owa’s Coronation Cup enters quarterfinals

    May 13, 2025

    U-20 AFCON: Nigeria defeat Senegal, qualify for semifinal, World Cup

    May 13, 2025

    U-20 AFCON: Nigeria defeat Senegal in penalty shootout to reach semi-finals

    May 12, 2025

    NPFL: Rangers humble Katsina United in Enugu

    May 12, 2025
  • Politics

    Tinubu swears in INEC commissioners, CCB board members

    May 13, 2025

    PDP inaugurates 39 new BoT members

    May 13, 2025

    2027: Why PDP can’t zone presidential ticket to North — Wike

    May 13, 2025

    Alleged anti-party activities: LP suspends ex-Lagos chair, Dayo Ekong, dissolves ward executives

    May 12, 2025

    PDP governors name seven-member reconciliation committee

    May 12, 2025
  • Column

    Is ‘Nigeria First’ initiative the latest political rhetoric?, by Ola Emmanuel

    May 13, 2025

    Unlocking Nigeria’s Energy Future: Case for CNG adoption, by Olusola Aluko

    May 13, 2025

    The blood profits of Nigerian banks, by Michael Owhoko

    May 13, 2025

    Islamic theocracy in Nigeria? Why jihadists can’t win, but can’t be defeated, by Julius Ogunro 

    May 13, 2025

    Open letter to Minister of Interior, by Olayinka Oyegbile 

    May 13, 2025
  • Business

    NEPC, NBS join forces to capture informal cross-border trade data

    May 13, 2025

    ‘Nigeria First’ procurement policy will boost GDP by 56% — Manufacturers

    May 13, 2025

    BPP urges compliance with presidential directives on public procurement

    May 12, 2025

    Global Money Week: Unity Bank deepens commitment to financial literacy with nationwide youth outreach

    May 12, 2025

    World Bank unveils four-points strategy to accelerate growth in Nigeria

    May 12, 2025
  • Entertainment
    1. Photos
    2. Fashion
    3. Movies
    4. Music
    5. Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
    Featured

    FG plans ‘World Orisha Congress’ to boost spiritual tourism

    By The Eagle OnlineMay 13, 2025 Featured 4 Mins Read
    Recent

    FG plans ‘World Orisha Congress’ to boost spiritual tourism

    May 13, 2025

    Ten things that stood out at the Wema Bank 80th celebration themed ‘Timeless Elegance’ – Web tonight

    May 9, 2025

    Tragedy of a defenceless people: A review of ‘Raped to the Grave’, by Michael Olatunbosun 

    May 8, 2025
  • Videos

    Video: 2027: Alliance to have Atiku as president for one term, Obi as VP, to then run for presidency in 2031

    April 12, 2025

    APC Crisis: Why Tinubu demanded for Sanwo-Olu’s resignation

    April 10, 2025

    How Driver Of Gas-Bearing Truck Brought Misery To Many Under Otedola Bridge – Dotun Oladipo

    March 15, 2025

    Korra Obidi calls out ex-husband for failing to pay child support

    December 7, 2023

    2024 will be year of turbulence -Apostle Selman

    December 7, 2023
  • About Us
    • Contact Us
The Eagle OnlineThe Eagle Online
Home»Business»Senate approves establishment of National Rice Development Council
Business

Senate approves establishment of National Rice Development Council

Hassan MuazBy Hassan MuazJanuary 19, 2022No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Senate has passed a bill seeking to establish the National Rice Development Council, a move that would see to Nigeria saving about $2 billion dollars on rice importation and improve the country’s foreign exchange earnings.

The passage of the bill followed the consideration of a report by the Committee on Agriculture and Rural Development.

Chairman of the Committee, Abdullahi Adamu (Nasarawa West), in his presentation, said that the bill seeks to establish a Council that would lead to a comprehensive development of the rice sector and the organisation of rice stakeholders to enhance local production of rice in Nigeria.

He explained that the establishment of the Council would transform the activities of rice farmers, rice processors, millers, researchers, marketers and other important stakeholders across the entire rice value chain, particularly the clusters of smallholder rice farmers and small scale millers spread all over the country.

“Mr. President and Distinguished Colleagues, with our natural comparative advantage in the area of rice production as a country, Nigeria should consider the need to put in place a National Rice Development Council and a fail-safe comprehensive national rice development roadmap that will guide us not only into a regime of self-sufficiency in production, but also for export purposes, employment generation for our teaming youth and growth of our economy.

“The Nigerian rice industry exists in abstract as there appears to be no form of coordination in the absence of a properly structured rallying point.

“Today, we have Paddy Rice Dealers Association of Nigeria (PRIDAN), Rice Farmers Association of Nigeria (RIFAN), Rice Processors Association of Nigeria (RIPAN), Rice Millers Association of Nigeria (RIMAN) and many more.

“This Bill seeks to establish that rallying point and a comprehensive National operational and governance structure for a complete rice value chain process.

“Mr. President and Distinguished Colleagues, this Bill on its own merit will improve government efforts for efficient policy and regulatory framework for the Nigerian Rice Industry; promote enabling business and investment environments for Rice stakeholders; support the growth of the Rice industry in Nigeria and in the sub-region as well as promote the sustainability of foreign exchange earnings put at about 2 billion dollars annually for Rice related importation to the country.

“The framework created by this Bill will pull investment into rice production, provide the missing link between rice production and industrialization, provide employment, reduce migration from rural to urban cities and enhance socio-economic activities all over the country.

“Few countries having Rice Council include Rice Council of Tanzania, USA Rice Council, Directorate of Rice Development (India), Rice Association of Thailand, among others”, Senator Adamu said.

Post Views: 123

Follow The Eagle Online Channel on WhatsApp

Foreign Exchange rice Tanzania
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleSenate urges military to block escape routes of fleeing terrorists 
Next Article Primate Ayodele to notorious bandit, Bello Turji: Your days are numbered
Hassan Muaz

Related Posts

NEPC, NBS join forces to capture informal cross-border trade data

May 13, 2025

‘Nigeria First’ procurement policy will boost GDP by 56% — Manufacturers

May 13, 2025

Nigeria has fully repaid $3.4b IMF loan – Minister

May 13, 2025
© 2025 All Rights Reserved. The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.