Tag
Revealing the revenue or earnings alone does not tell the whole story. The reporter tried to identify cost components for Abakiliki rice farmers. Rice farmers who spoke with the reporter identified six to seven items worrying players in Ebonyi.
After the ban of rice importation in 2015, the total value of rice produced increased from 4.0 million metric tonnes in 2014 to 5.6 million metric tonnes in 2019. In 2020, the value of production dropped to 5.4 million metric tonnes.
A trend analysis of Nigeria’s Gross Domestic Product (GDP) measured in constant prices shows that the country’s domestic output has been declining since 2010, after the Musa Yar’adua administration, while inflation has been rising lately.
