The Federal Government has declared that the price of rice would start to fall from November this year. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this in Abuja yesterday while addressing members of the Senate Committee on Agriculture and Rural Development.
According to him, more Nigerians have returned to their various farms and by the next harvesting season next month, the price of rice would start to crash.
Ogbeh who also stressed that his ministry would not encourage rice importation because it would be detrimental to local production said:
“We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production. By November when the full-scale harvest starts, rice prices will fall,” the minister said.
Early last month, the government had warned that the price of rice might hit N40,000 a bag. It is currently being sold around N20,000.
The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, had said that the $22bn annual food import bill had led to the astronomical rise in the price of rice and other commodities.
He stressed that if Nigerians failed to produce some of the items being imported before December, the price of rice could skyrocket to N40,000 a bag.
Nah so una dey talk
#fake promises!
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Rubbish talk, will it fall back 2 8 thousand?…..stupid govt
Fake & empty promises!
Let’s see naaaa
Stupid set of ppl in gvt
abeg wic one we go believe nw dem say by December it will be 40k and nw dem say he go fall ,na wa ooo even if it’s 100k will go buy am stupid govt
Ban on importation of rice has been lifted
Dis country don’t tryer me…..
Clueless government
make una calm down naaa’ dey need una prayas ooooo”’ maka na ogbaroo aka!!! #prayer is d key#
I pray oooo
Importation of goods is not so good to our economy. We need to cultivate and grow out own food. Agricultural improvement should be looked into in Nigeria cos by selling all these imported goods we r enslaving our country while developing theirs. I support made in Nigeria goods. Again, banning the imported rice is worse cos we don’t even have enough locally made rice go round.
Sure, its going to be a long gradual process until we r able to stand on the ground with our feet.
I pray ooooo
Let’s watch n wait na
Isoryt…i pray
Amen o
Is it only price of rice dat will reduce wot of ordas
I pray o
If una like
I pray it falls
Amen ooo….I pray
Amen by thunder fall or no fall we go still do party with rice