Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister (437 Views)
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| Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by Vee1Vee1: 5:18pm On Sep 11, 2016 |
The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that Nigeria spends about $22bn a year on importation of food. Lokpobiri made this known on Saturday at a town hall meeting in Yenagoa, Bayelsa State. He said the development had led to the astronomical rise in price of rice and other commodities, stressing that if Nigerians failed to produce some of the items being imported, before December the price of rice would skyrocket to N40,000 a bag. He said there was a projection that by 2050, Nigeria’s population would be 450 million, wondering what would happen then if the people could not feed themselves now. Lokpobiri said, “For your information, we spend about $22bn a year importing food into Nigeria. We know how many more dollars … and that is why you see the price of rice going up. “Price of rice was N12,000 some months ago, but it is now about N26,000 and if we don’t start producing, by December it could be N40,000. Read here http://www.istylmagazine.com/news/business/shocking-revelation-by-december-bag-of-rice-may-sell-for-n40000-minister/
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| Re: Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by gunuvi(m): 5:24pm On Sep 11, 2016 |
If I hear!! |
| Re: Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by dollyjoy(f): 5:27pm On Sep 11, 2016 |
Bag of rice is no where near 26k.  |
| Re: Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by MDsambo: 5:31pm On Sep 11, 2016 |
Bag of Rice is #8000 in Saminaka, Kaduna state |
| Re: Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by cckris: 5:32pm On Sep 11, 2016 |
Buhari & APC are getting out of hand. So they didn't initiate rice production in this year's PADDED BUDGET Hopeless people. 1 Like |
| Re: Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by AK6464(m): 5:34pm On Sep 11, 2016 |
2019 is not as far as you guys think 2 Likes |
| Re: Shocking Revelation! By December, Bag Of Rice May Sell For N40,000 – Minister by AustonBee: 6:30pm On Sep 11, 2016 |
God will ask buhari n his carbinet wetin him use Nigerian money do with his family n put us in severe hunger. 1 Like |
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