Bags of rice to be sold N10,000 As from june

 National president of Rice Farmers Association of Nigeria (RIFAN),Aminu Goronyo, says a 50 kilogramme of the commodity will sell at N10, 000 as from June 2017. While speaking on the current development in the rice industry, he said rice which is being sold in Nigeria presently at the rate of N20,00 will start selling at half that price in three months’ time.

“Fertilizer was a very big predicament, but today it has become a history. We have signed MoU where the fertilizer is sold N5, 500 per bag of fertilizer, and is now a government policy. We have more fertilizer 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,” he said. However, he says the association is faced with inadequate rice seeds. CLICK HERE for more details