BlackMaria:
Local rice that tastes like corn. Tueh.

BlackMaria:
Sure. But I'm not the only Nigerian who dislikes local rice.

BlackMaria:
Sure. But I'm not the only Nigerian who dislikes local rice.

Menace2Society:
Very dumb post yeye

BlackMaria:

Ode,oya kill ur-sef

StrawberryCream:

Not sure

Hmmm, you ..... I

20bc:

Hmmm, you ..... I

StrawberryCream:

20bc:

So you are 247, hmmmm

StrawberryCream:

Haba uve forgotten so quick

20bc:

Nope, I didn't. I knew one day you will come back. So what made you change your mind....

StrawberryCream:

Nothing really ..

Well its good to have you back, welcome on board.....

Menace2Society:
This one dey form plonker

BlackMaria:

Mur-fucker.

Menace2Society:
Go play with sand

Mykellio:
We need a revolution.

http://www.premiumtimesng.com/news/headlines/195509-investigation-inside-the-massive-fraud-in-nigerias-n117billion-rice-import-quota-scheme.html?utm_source=&utm_medium=twitter

First, it was petroleum subsidy scam, now it is our rice. How long will Nigerians sell their destiny for a plate of Thai rice? But, wait whose fault is it? Can they thrive if there is no market and appetite for it?

Last year I was in the UAE, stayed in Bur Dubai. I entered a Tesco Franchise store off Al Rolla crescent and picked up a 10kg bag of premium quality rice for 15Dirhams (1Dirham = NGN50). That's NGN750. This implies a 50kg would have cost about NGN3,750.
Now, this is not just about rice. I took a cab, 2015 model Hyundai Elantra to Al Mahktoum, driven by a young man named Hussein. Out of curiosity I asked him how much the car cost. He smiled and answered 55,000Dirhams with 0% interest bank loan and comprehensive 3rd party insurance. That's about NGN2,750,000. But same vehicle at Stallion Group, Nigeria is about NGN4million. So, what is it about?

This is about our greed and abysmal "long-throatedness". The desire to make colossal profit margins without regard to whose detriment is mind-buggling and infernal. So, this is not about whether Nigeria is importing or producing rice. It's just we are greedy and lazy.

All the companies listed in that scam want to make quick and huge money, whereas agribusiness takes patience and requires a long term investment mentality to thrive. The rice value chain in particular is very long. Several processes, so yes, instead of going through all that to refine the quality, they just catapult the funds out to import and then sell at ridiculous prices. But mind you they spend most of their time in such places as I mentioned above, so the price here is not their business. Go and ask Oba Otudeko how much a bag of rice is? If they have their way, a bag of rice will sell at N20,000 and a litre of fuel for N1,000.

Yes, I produce rice. But beyond that, for the sake of the economy, for the sake of our pockets for the sake of several millions of Nigerians that eat rice as just "a Sunday meal". Let's develop Nigeria's rice value chain. And your own contribution to it is by buying it and eating it. The rice the Thai family eat on their table in Bangkok is not international, it is local to them. So, let's stop the negativity attached to the word local.

It has chaff, it has stone, it is colored. Yes. But, with adequate investment, the indigenous quality will attain and can surpass foreign standard. Stone in the rice is not the farmers' fault. Rice is not planted in the air, it grows from the soil. Between harvest and bagging, rice loses over 20% of its weight in form of chaff, husk and other sediments as well as moisture. This is the terrain of capital-intensive investment, which is significantly lacking. The farmer can not be the one to plant and be the one to process at the same time. You cannot be the deceased and be the bereaved at the same time. There are people that view this nairaland everyday. There is somebody who has access to investment. Do you know that with just NGN50million, a major processor can be installed and operated in a strategic rice zone in the country that will service over 500 farmers and turn out over 300,000MT of quality rice per annum. Did I just say just? Yes, because there are people who spend that on just one or two cars, which become obsolete within a couple of months. Rice has no model, yes the varieties but there is no fashion attached to it just the appetite.

Let's wake up and stop our nation from being the global dustbin of everything. From rice, to frozen foods, cars etc. Let's make our nation great. Instead of looking for quick money invest in long term agricultural infrastructure. Every other thing may change, but we will always eat. That's the secret behind the lucrativeness of agriculture. Only that the Thai are using their "loaves of bread to pack our stew", crass exploitation of the highest order.

If 1 million Nigerians buy 1 Derica (small unit that measures 64 times in a 50kg bag) of Nigerian rice for N100 thrice a week. We will succeed in retaining at least NGN300million in the economy per month, and NGN3.6billion per annum that should have escaped as capital flight in importing rice.

Food for thought.

Regards,

Mykellio

Sunnycliff:
Nigeria - have a long way to freedom! Corruption, Greed and wickedness is what we see. No body is a Saint in this nation. I better face my front door!!

Sunnycliff:
Speedy Acceleration of the Youth Employment in Agriculture Program of the last Administration should be sustained and the qualified Agropreneurs empowered and monitored, this will go a long way in saving capital flight and reduce cost of food imports! But will the Change Government not say is a Scam??

mikolo80:
em, Erm, beht oga, do,.. land boku na. you sef fit plant rice na. abi?

20bc:

Well its good to have you back, welcome on board.....

Mykellio:
We need a revolution.

http://www.premiumtimesng.com/news/headlines/195509-investigation-inside-the-massive-fraud-in-nigerias-n117billion-rice-import-quota-scheme.html?utm_source=&utm_medium=twitter

First, it was petroleum subsidy scam, now it is our rice. How long will Nigerians sell their destiny for a plate of Thai rice? But, wait whose fault is it? Can they thrive if there is no market and appetite for it?


for as long as 'you or I' do not SHOW them that it is worth a trailer load.
MARKETERS (ESKIMO ICE SELLING VARIety) can create the market and appetite

Last year I was in the UAE, stayed in Bur Dubai. I entered a Tesco Franchise store off Al Rolla crescent and picked up a 10kg bag of premium quality rice for 15Dirhams (1Dirham = NGN50). That's NGN750. This implies a 50kg would have cost about NGN3,750.
Now, this is not just about rice. I took a cab, 2015 model Hyundai Elantra to Al Mahktoum, driven by a young man named Hussein. Out of curiosity I asked him how much the car cost. He smiled and answered 55,000Dirhams with 0% interest bank loan and comprehensive 3rd party insurance. That's about NGN2,750,000. But same vehicle at Stallion Group, Nigeria is about NGN4million. So, what is it about?


demand and supply



This is about our greed and abysmal "long-throatedness". The desire to make colossal profit margins without regard to whose detriment is mind-buggling and infernal. So, this is not about whether Nigeria is importing or producing rice. It's just we are greedy and lazy.



tis the nature of the beast
and awa laziness(refusal to step up to the plate)


All the companies listed in that scam want to make quick and huge money, whereas agribusiness takes patience and requires a long term investment mentality to thrive.



why should they wait for slow when they can make fast money?

The rice value chain in particular is very long. Several processes, so yes, instead of going through all that to refine the quality, they just catapult the funds out to import and then sell at ridiculous prices. But mind you they spend most of their time in such places as I mentioned above, so the price here is not their business. Go and ask Oba Otudeko how much a bag of rice is? If they have their way, a bag of rice will sell at N20,000 and a litre of fuel for N1,000.

Yes, I produce rice. But beyond that, for the sake of the economy, for the sake of our pockets for the sake of several millions of Nigerians that eat rice as just "a Sunday meal". Let's develop Nigeria's rice value chain. And your own contribution to it is by buying it and eating it. The rice the Thai family eat on their table in Bangkok is not international, it is local to them. So, let's stop the negativity attached to the word local.



again missed this
much respect


It has chaff, it has stone, it is colored. Yes. But, with adequate investment, the indigenous quality will attain and can surpass foreign standard. Stone in the rice is not the farmers' fault. Rice is not planted in the air, it grows from the soil. Between harvest and bagging, rice loses over 20% of its weight in form of chaff, husk and other sediments as well as moisture. This is the terrain of capital-intensive investment, which is significantly lacking. The farmer can not be the one to plant and be the one to process at the same time.


yes he can
he planted and harvested cassava doesn't he?


You cannot be the deceased and be the bereaved at the same time. There are people that view this nairaland everyday. There is somebody who has access to investment. Do you know that with just NGN50million, a major processor can be installed and operated in a strategic rice zone in the country that will service over 500 farmers and turn out over 300,000MT of quality rice per annum. Did I just say just? Yes, because there are people who spend that on just one or two cars, which become obsolete within a couple of months. Rice has no model, yes the varieties but there is no fashion attached to it just the appetite.



can we chat/talk about this in greater detail?


Let's wake up and stop our nation from being the global dustbin of everything.


hear hear


From rice, to frozen foods, cars etc. Let's make our nation great. Instead of looking for quick money invest in long term agricultural infrastructure. Every other thing may change, but we will always eat. That's the secret behind the lucrativeness of agriculture. Only that the Thai are using their "loaves of bread to pack our stew", crass exploitation of the highest order.

If 1 million Nigerians buy 1 Derica (small unit that measures 64 times in a 50kg bag) of Nigerian rice for N100 thrice a week. We will succeed in retaining at least NGN300million in the economy per month, and NGN3.6billion per annum that should have escaped as capital flight in importing rice.

Food for thought.

Regards,

Mykellio

mikolo80:
my bad, I skipped thru and missed the part. seriously can we talk,

Mykellio:


Yes, we can. Call, SMS or whatsapp 08032615423. Compliments of the season. Cheers.