The Ministry of Economy and Finance published on Saturday, February 3, a note according to which Guinea became the ^2nd rice-producing country in West Africa in 2023 after Nigeria in 2023 after Nigeria, with an investment of more than 1.9 trillion Guinean francs ( around 220 million US dollars).

The note from the Ministry of Economy and Finance mentions that Guinea's ranking as the 2nd largest rice producer in West Africa has allowed the country to ensure more than 65% of its national rice consumption, compared to less than 50% for the majority of countries in the western subregion African. The government statement mentions that “between 2022 and 2023, rice imports fell by 9% in volume and a 12% increase in rice production is expected in 2024.”

In its briefing note, the Government indicated that “the increase in local production and the decrease in market prices are encouraging indicators of the national agricultural policy implemented”.