Naira will exchange for N1000/$1 - Agric Minister | Nigeria News Today. Your online Nigerian Newspaper

Nigeria's Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has sounded a warning that the naira could become totally worthless at the international stage if the status quo is maintained.

Speaking on Wednesday in Abuja, he complained that the consumption of rice by Nigerians is on the rise and that a lot of people were not aware that rice had some degree of arsenic.

Substituting the excess rice with potato would be welcomed development, he said.

He also said Nigerian businessmen demanded 2.5 billion dollars (about N492 billion) a week for importation of goods and services into the country.

“The volume of importation of virtually everything into this country is too much," he said.

“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.

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  1. Enter your comment...Alarmist minister. you should be encourage us to hope for better days. not instil in us fear.

  2. Last week you said a bag of rice will sell for 40K, this week you said 1000 will be change for 1 dollar, Mr lai Second, you are a disgraced to this country. you and your co minister, the only thing you people konw is to share money, nothing else

  3. Blind man leading blindman.niger for u

  4. I am really surprised though. Is it that our love for rice suddenly increased or our population suddenly increased resulting in a high rate of rice consumption in the APC led government.

    Abeg APC please explain further.

  5. And an Agric minister can't make plans for mass production of rice!


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