Dr. Akinwunmi Adesina, President of the African Development Bank, recently expressed deep concern over Nigeria's decision to increase food imports, labeling it as a discouraging move. Speaking at a retreat organized by the Council of Anglican Provinces of Africa in Abuja, he emphasized the theme of 'Food Security and Financial Sustainability in Africa'.
Adesina argued that relying on imports to stabilize food prices could undermine Nigeria's agricultural policies and long-term food security goals. He stressed the importance of boosting domestic food production to stabilize prices, alleviate pressure on foreign exchange reserves, and generate employment opportunities.
"Nigeria's recent decision to open its borders for extensive food imports to tackle short-term price hikes is disheartening," Adesina remarked. "Importing food cannot sustain stable prices; instead, Nigeria should focus on increasing domestic production to stabilize the economy and reduce dependence on foreign exchange, thereby bolstering the Naira."
He further highlighted Africa's pivotal role in global food security, noting that the continent holds significant uncultivated arable land crucial for feeding the projected global population of 9.5 billion by 2050. Adesina emphasized that transforming Africa's agricultural sector is essential for poverty alleviation and economic diversification.
In response to recent government measures allowing duty-free importation of food items like maize, rice, and wheat, Adesina's remarks underscored a shift in policy direction. This move contradicts previous statements from the Presidency advocating for self-sufficiency in food production.
The decision has sparked criticism from local farmers' associations, including AFAN and RIFAN, who argue that increased imports could jeopardize gains made in rice, maize, and wheat production. Nigeria has faced significant food price inflation, pushing millions into poverty and exacerbating food insecurity.
Adesina concluded by urging Nigeria to prioritize agricultural transformation to secure its food future and mitigate the impact of global food crises on vulnerable populations.