# Rice farming: Kebbi’s new goldmine - Blueprint Newspapers Limited

> Kebbi State in Nigeria has expanded rice cultivation with government support in financing and farm inputs, following a federal plan for rice self-sufficiency. The state government committed N4 billion to help farmers move into commercial farming. The article reports the programme has created jobs and attracted investment.

- Date: 2018-02-24 · published 2018-02-24T12:00:00.000Z
- Category: policy · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/11657-rice-farming-kebbi-s-new-goldmine-blueprint-newspapers-limited
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Import substitution by Nigeria, Africa's largest rice consumer, would reduce demand for imported rice from India, Thailand and Brazil. This is mildly bearish for world rice prices over time.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-09-16 | [Farm export limits could be fixed even during low supplies](https://feedsoft.ai/events/62995-farm-export-limits-could-be-fixed-even-during-low-supplies.md) | -7.4% | +0.2% |
| RICE | 2024-08-06 | [Rice export ban could be lifted, says Niti Aayog’s Ramesh Chand \| Mint](https://feedsoft.ai/events/28731-rice-export-ban-could-be-lifted-says-niti-aayog-s-ramesh-chand-mint.md) | -4.8% | -1.0% |
| RICE | 2021-10-26 | [India's record rice crop brings problem of plenty for farmers juggling protest](https://feedsoft.ai/events/44513-india-s-record-rice-crop-brings-problem-of-plenty-for-farmers-juggling-protest.md) | -1.5% | +8.5% |
| RICE | 2019-04-04 | [Farmer-millers: Is P10-B fund misused under rice tariff law?](https://feedsoft.ai/events/59671-farmer-millers-is-p10-b-fund-misused-under-rice-tariff-law.md) | -4.1% | -2.4% |
| RICE | 2019-09-05 | [ANALYSIS Plummeting rice prices: How will our rice farmers cope?](https://feedsoft.ai/events/57149-analysis-plummeting-rice-prices-how-will-our-rice-farmers-cope.md) | +1.2% | +0.1% |

## Sources

- blueprint.ng: https://blueprint.ng/rice-farming-kebbis-new-goldmine/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.