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Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash - Business - Nairaland

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Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by okpismart: 2:16pm On Aug 27, 2016
The much expected Dangote Rice is billed to hit the market very soon as the management has commenced the harvest of its first tranche.

Sources within the organisation said Aliko Dangote has been very happy with the news of the harvest, especially as it will be launched in the right time to ease the pains of Nigerians, who currently buy rice at N20, 000 per bag.

“We are really excited about the progress so far recorded in this our rice projects. Once we commence the sales of our rice, I can authoritatively tell you that the price of rice will crash in the country as we should have enough, in the next few years to make importation of rice non-attractive again into the country” the source said.

Earlier in the year, Dangote inaugurated its 8,000-hectare Rice Out-growers’ Scheme in Hadejia, Jigawa State, with the distribution of rice seedlings to farmers.

According to a statement by the group, the scheme, which is part of its partnership with government at all levels to reduce Nigeria’s food imports, has the potential to provide 10,000 direct and indirect jobs.
It said the rice project being executed by the Dangote Rice Limited would be replicated in six other states of the federation.

It said the project was the fallout of a Memorandum of Understanding signed between Dangote and the Federal Government, on the one hand, and the Jigawa State Government on the other.

Dangote lamented that the Nigerian agricultural commodities and food imports’ bill had averaged over N1tn in the past two years, with items such as sugar, wheat, rice and fish accounting for 93 per cent of the amount.

He described the situation as unacceptable, adding that this informed his decision to go into agriculture
According to him, under the Dangote Rice Out-growers Scheme, farmers will be given training and other necessary inputs with guaranteed buy-back at agreed prices.

The Minister of State for Agriculture, Senator Heineken Lokpobiri, was quoted as saying that the Federal Government was ready to support the scheme and make it a success.

It would be recalled that Dangote Industries Limited (DIL) recently signed a Memorandum of Understanding (MoU) with Federal Ministry of Agriculture and Rural Development (FMARD) to invest $1 Billion (N165 million) for the establishment of fully integrated rice production and processing operations across Nigeria. Former President Goodluck Ebele Jonathan presided over the signing of the MoU then.
The company has acquired farmland in Edo, Jigawa, Kebbi, Kwara, and Niger states totalling 150,000 hectares to be used for the commercial production of rice paddy. Dangote has also established a two state-of-the-art large-scale rice mills each with a capacity to mill 120,000 metric tons of rice paddy, bringing total capacity to 240,000 Metric Tons, with plans to double capacity this within two years. With this installed capacity, the project will become the largest integrated rice mill project in Africa.


http://thenationonlineng.net/dangote-rice-hits-market-soon/


See earlier thread here http://www.nairaland.com/3281606/dangote-rice-coming-market-cheap

18 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by psucc(m): 2:21pm On Aug 27, 2016
Has the price fallen already? 'Cos I buy @N150 per cup.

14 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by thesicilian: 2:26pm On Aug 27, 2016
Let the price drop first before you shout hallelujah

38 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by agwom(m): 2:26pm On Aug 27, 2016
Glory be to God!

5 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Justiyke4u: 2:28pm On Aug 27, 2016
That's great

4 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by abokibuhari: 2:30pm On Aug 27, 2016
Flooding the internet with false information undecided

16 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Keneking: 2:30pm On Aug 27, 2016
Useless government, a family of five needs N1300/for lunch with low quality protein.

- Tuber of Yam 1pc : N1000
- Pepper dried : N100
- Onions : N100
- Red oil : N100

Excl gas cost etc

56 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Pidggin(f): 2:32pm On Aug 27, 2016
So Dangote is now our saving grace? Hmmmm

5 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by fotadmowmend(m): 2:35pm On Aug 27, 2016
APC and Internet propaganda...... we neva see anything..... abi wic market una dey talk?

14 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by duullie88(m): 2:36pm On Aug 27, 2016
Waiting

1 Like

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by alsudaes1(m): 2:37pm On Aug 27, 2016
psucc:
Has the price fallen already? 'Cos I buy @N150 per cup.
I wonder o sad

2 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Aufbauh(m): 2:38pm On Aug 27, 2016
It was not a surprise to some of us who understand the pain and gains of the change process because Nigeria will bounce back to exceed her former glory.

To those who never saw anything good or wish our dear country to crumble just because their hero failed,to you all I say ndo cheesy

148 Likes 11 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by fendorf(m): 3:52pm On Aug 27, 2016
Nice one

4 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by okonja(m): 6:14pm On Aug 27, 2016
Aufbauh:
It was not a surprise to some of us who understand the pain and gains of the change process because Nigeria will bounce back to exceed her former glory.

To those who never saw anything good or wish our dear country to crumble just because their hero failed,to you all I say ndo cheesy

God bless you dude...they don't know but they would soon know anyway. grin

84 Likes 4 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by bdemix(m): 6:14pm On Aug 27, 2016
To Wailers

73 Likes 5 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by rozayx5(m): 6:14pm On Aug 27, 2016
till i buy rice cheap
....








all of this is noise

14 Likes 2 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Yinkatolu: 6:14pm On Aug 27, 2016
Nice one

2 Likes

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Femich18(m): 6:15pm On Aug 27, 2016
Dangote again? I salute this man entrepreneurial brain.
He should just buy up Nigeria biko...kudos to him!!!

20 Likes 6 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by SleekyP(m): 6:15pm On Aug 27, 2016
Interesting smiley

4 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Nobody: 6:15pm On Aug 27, 2016
See propaganda
Until the price of rice crash, I don't believe this story.

7 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by LEERICIST(m): 6:15pm On Aug 27, 2016
Crash further Was it crashing before?? Here in Choba Port Harcourt a rubber of rice is being sold at #2,000. The other day I went to the market to buy rice and I was forced to buy 2 rubbers of garri instead because of the price of rice.

8 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Mandynews(f): 6:16pm On Aug 27, 2016
We can't wait... #buyMadeInNigeria

1 Like 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by TheGoodJoe(m): 6:16pm On Aug 27, 2016
According to a statement by the group, the scheme, which is part of its partnership with government at all levels to reduce Nigeria’s food imports, has the potential to provide 10,000 direct and indirect jobs.

It said the rice project being executed by the Dangote Rice Limited would be replicated in six other states of the federation.


This is the kind of news I like. Unlike the myopic, greedy, stupid politicians who only think about stealing.

There are innovative ideas that can benefit the rich and promote growth in the nation.

Nice development. Props to the Government of Nigeria and Dangote group.

Sai Buhari
Sai Dangote.

Please do more.

38 Likes 4 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Pavore9: 6:17pm On Aug 27, 2016
Hate or like him, Dangote is the game changerl! cheesy cheesy

10 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by rhektor(m): 6:18pm On Aug 27, 2016
psucc:
Has the price fallen already? 'Cos I buy @N150 per cup.

Bros for where?
shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked

12 Likes

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by yorhmienerd(m): 6:18pm On Aug 27, 2016
psucc:
Has the price fallen already? 'Cos I buy @N150 per cup.

Haha

18 Likes 2 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by JuanDeDios: 6:18pm On Aug 27, 2016
Keneking:
Useless government, a family of five needs N1300/for lunch with low quality protein.

- Tuber of Yam 1pc : N1000
- Pepper dried : N100
- Onions : N100
- Red oil : N100

Excl gas cost etc
Your figures are wrong.

22 Likes 1 Share

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by princemillla(m): 6:18pm On Aug 27, 2016
okpismart:



http://thenationonlineng.net/dangote-rice-hits-market-soon/


See earlier thread here http://www.nairaland.com/3281606/dangote-rice-coming-market-cheap

to invest $1 Billion (N165 million)


If my eyes aint decieving me, is it 165b naira or million naira.

I just woke up and honestly if 1b usd is now equals to 165million naira I I'll b more than happy. Someone should pls tell me how many decades av slept embarassed

12 Likes 2 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by thundabot(f): 6:19pm On Aug 27, 2016
good development
.

guys visit this new entertainment site for latest naija music @ http://mp3247.com.ng
Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by Lighthouseman: 6:20pm On Aug 27, 2016
To those up stairs hailing the propaganda government in place, this deal was done and sealed by the one the hate most... Gej... The exchange rate tells the fact @165 to a dollar.
Nice development though... A leader sees ahead and plans.
Buhari saving grace is the works of gej that are being manifested today... Eg the train station in kadunA, now the dangote rice...
What's buhari achievement if not travelling without results

24 Likes 3 Shares

Re: Dangote Rice Hits Nigerian Market As Price Of Rice Is Set To Crash by oweman: 6:21pm On Aug 27, 2016
I always knew this bogey of rice ban will bust sooner than later !

2 Likes 1 Share

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