Bag Of Rice To Sell For N10,000 From June, Says Rice Farmers

rice bags
Photo file: Bags of Rice

Rice farmers under the auspices of Rice Farmers Association of Nigeria, RIFAN, has assured Nigerians that in June 2017 a 50 kilogramme of the commodity will sell at N10, 000, against the almost N20,000 it is sold now.
The assurance was given by the National President, RIFAN, Aminu Goronyo, while speaking on the current development in the rice industry.

Goronyo disclosed that rice farmers under the association now have direct access to fertiliser.

He said, “Fertiliser was a very big challenge, but today it has become a history. We have signed MoU where the fertiliser is sold N5, 500 per bag of fertiliser, and is now a government policy. We have more fertiliser in the country and go direct to the hands of the farmers and is everywhere in the country.

“We have already achieved rice sufficiency in the last two years because all the rice we eat is grown here in the country. With the government through the Nigeria Customs Service on the land borders, including the high exchange rate no importer can go to other countries and import rice for profit. I assure you in the next three months a 50kg bag of rice will come down to N10, 000.

“The Anchor Borrowers Scheme was conceived through collective effort by the Central Bank of Nigeria, RIFAN and other relevant key stakeholders, and we are everyday meeting with the CBN reviewing the process.”


Source: NigerianBulletin

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