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​Bag of rice to sell for N6,000 In Nigeria 

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NATIONAL President of Rice Farmers

Association of Nigeria, Aminu Goronyo,

yesterday, disclosed that in the next few

months, a 50kg bag of rice would be

sold at the rate of N6,000.

Goronyo made this known during a

meeting between rice farmers, processors

and the Minister of agriculture, Audu

Ogbeh, at the ministry’s headquarters in

Abuja.
According to the farmers’ boss, the

anticipated crash in prices is due to wet

season bumper harvest by rice farmers,

adding that operators have resolved to

reduce the price of a 50kg bag of rice,

which is currently priced within the

range of N15,000 to N17,000, to N13,000.

“This is just the beginning. The actual

price will still come down because we

are expecting a bumper harvest this

year; we have sat down with the millers

and agreed that we will work together

for the interest of Nigerians.

“At one time, people were buying a

bag of rice at the cost of N18,000, but they

are now buying it at between N13,000

and N15,000. The price is coming down.

In the next few months, God willing,

the price of a 50kg bag of rice will come

down to N6,000. It is achievable, it will

be a reality,’’ he said.

Chairman, Rice Processors Association

of Nigeria, RIPAN, Mohammed

Abubakar, said the association

had signed a Memorandum of

Understanding, MoU, to slash the prices

of both paddy and processed rice.

“We have agreed at N110,000 per

tonne of paddy. In the market, rice will

come around N13,000 to N13,500 per

50kg bag. Before now, we were buying

paddy at N140,000 and N150,000 per

tonne and we are selling our rice at

N16,000 per 50kg bag.

“If this MoU works, we hope to sell

a bag of rice at N13,000 to N13,500,

depending on where you are in the

country.”

Ogbeh commended the associations

for their decision to slash the price of

locally produced rice.

The minister, who noted that the

biggest challenge facing rice farmers in

the country is smuggling, said the move

would aid efforts to stamp out rice

smuggling into the country.

“Let me express the appreciation of

President Muhammadu Buhari and the

Vice-President, Prof. Yemi Osinbajo,

to both farmers and millers because

nobody can calculate what you have

done to rescue our country that was

very close to a disaster.

“What you have done is going to save

us from a lot of difficulties. What we

want to promise you is that we will help

you ease the burden of rice farming.

“Last year, we procured 80,000

threshers; this year, we will procure

another 2,500 threshers and we are

bringing in small reapers for distribution

to rice farmers.

“The equipment will enable them to

cut the rice, thresh it, winnow it and put

it in sacks; It will take away all the stress

which makes rice farming very difficult

so that you can keep to the price of N110,

000 per tonne of paddy that we agreed.

“If we are able to keep these prices

stable and we are able to contain

smuggling, I hope you will keep us

informed when there are any challenges

confronting you because no country

can claim to be strong if its citizens are

hungry.

“Let everybody know that the price

of rice for this Christmas will be good

enough for us to eat rice, chicken and

fish.”

The federal government had banned

the importation to improve local

production and some states like Lagos

and Kebbi have jointly produced rice for

commercial activities in their states.

Data made available by the National

Bureau of Statistics shows that export

activities in the agricultural sector has

been on the rise in 2017.

Source; nigerianpilot.com

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