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A significant portion of Nigeria's rice processing industry is on the brink of collapse, with nearly 90 out of over 150 rice mills ceasing operations due to intense competition from imports and smuggling, leading to price instability. Remaining mills operate at reduced capacity.
During the 7th Nigerian Academy of Science Scientific Conference in Abuja, stakeholders emphasized the need for Nigeria to transition towards local manufacturing and sustainable financing of multiple micronutrient supplementation for expectant mothers.
Vice President Kashim Shettima advocated for Africa to prioritize homegrown solutions, focusing on domestic production and investment rather than aid, during a session at the 2026 World Economic Forum in Davos. He highlighted Nigeria's Dangote Refinery as an example of shifting from import dependence to local value creation.
