Nigeria has been reportedly said to be spending several billions of naira annually on wheat importation despite its potentials to produce wheat for local consumption and export.

CEOAFRICA news desk has gathered this statement from the Chairman of House Committee on Agriculture, Mohammed Monguno during a Workshop in Abuja.

Monguno stated that if the nation’s wheat potential was unlocked, Nigerians would create food for themselves and save the nation the billions of naira spent annually importing the product.

According to him, there was need to diversify the Nigerian economy from being a mono-product one that depends on oil as a source of revenue to agriculture and other sectors, stressing that oil was wasting asset, which would dry up one day.

He pointed out that there is need to diversify our economy to make it agriculture-production based as source of income so that it will continue to grow and also provide employment for the teeming unemployed youths.