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Nairaland Forum / Nairaland / General / Business / Rice Price’ll Fall By Nov. — FG (29904 Views)
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Rice Price’ll Fall By Nov. — FG by Taeewo(m): 4:56am On Oct 11, 2016 |
Okechukwu Nnodim, Abuja The Federal Government on Monday declared that the price of rice would start to fall from November this year. It stated that more Nigerians had returned to their various farms, adding that at the next harvesting season next month, the price of rice would start to crash. This came as the government said that the delay in the approval of the 2016 budget had made it impossible to implement the capital expenditure in the agricultural sector. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this while addressing members of the Senate Committee on Agriculture and Rural Development at the headquarters of the ministry in Abuja. Ogbeh, who stated that the government could not be involved in the importation of rice as speculated in some quarters, stressed that his ministry would not encourage rice importation because it would be detrimental to local production. He said the Federal Government was against rice smuggling and noted that the Seme border had become a notorious route for the smuggling of contraband products into the country. “We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production. By November when the full-scale harvest starts, rice prices will fall,” the minister said. Early last month, the government had warned that the price of rice might hit N40,000 a bag. It is currently being sold around N20,000. The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, said that the $22bn annual food import bill had led to the astronomical rise in the price of rice and other commodities. He stressed that if Nigerians failed to produce some of the items being imported before December, the price of rice could skyrocket to N40,000 a bag. On why the ministry had yet to start implementing its capital budget, Ogbeh said, “It is about now that the capital expenditure is beginning. One of the reasons why money is not circulating is that we need to follow the due process on issues of procurement, advertisement and others.” According to him, his ministry has spent just N882.58m, representing four per cent of the N21bn budgeted for it in the 2016 Appropriation Act. He also said, “You may be surprised to know that only six to seven states in Nigeria are showing enthusiasm in agriculture. Some by nature don’t seem interested, while others just can’t connect with whatever we are doing at the federal level.” Ogbeh further stated that his ministry inherited N67bn debt when the present administration came on board, but added that N20bn had been paid to agro-dealers and distributed 900 million oil palm seedlings to farmers across the country. http://punchng.com/rice-pricell-fall-nov-fg/ 5 Likes
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Re: Rice Price’ll Fall By Nov. — FG by madridguy(m): 5:00am On Oct 11, 2016 |
Good news. 8 Likes |
Re: Rice Price’ll Fall By Nov. — FG by sdindan: 5:02am On Oct 11, 2016 |
I pray so! Cos' this exam gonna hot if it didn't come down. But Buhari is a dunderhead! 4 Likes |
Re: Rice Price’ll Fall By Nov. — FG by coolebux(m): 5:30am On Oct 11, 2016 |
This time the FG didn't allow Lai Mohammed to circulate the lie Is this another change or substitute because the anointed Liar won't find it funny (lying on his behalf) We already got the message, a bag of rice is going to be N40,000. Thanks for the information 47 Likes 1 Share
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Re: Rice Price’ll Fall By Nov. — FG by DrPrickson: 6:06am On Oct 11, 2016 |
The reverse was the case when good old GEJ was president less than two years ago. God bless that man and forgive the ungratefuls. 69 Likes 5 Shares |
Re: Rice Price’ll Fall By Nov. — FG by Nobody: 6:15am On Oct 11, 2016 |
u better stop this fake promises if you can't fulfill them at the stipulate time 15 Likes 2 Shares |
Re: Rice Price’ll Fall By Nov. — FG by kingphilip(m): 6:30am On Oct 11, 2016 |
Personally I'm tired of hearing it from the media.. I think the farmers association of Nigeria will be in a better position to tell us all this But the damage has already been done though even though from all indications it will never be the same again in coming years i.e. a bag of rice can never go back to below #10000 again not now not the next few years 22 Likes 2 Shares |
Re: Rice Price’ll Fall By Nov. — FG by jeffizy(m): 6:34am On Oct 11, 2016 |
This statement does not install confidence in my brain at all. But price of rice should come down from the skyscraper it climbed to. Christmas is coming and I don't want to hear Lalasticlala is inviting me over for Amala ati ewedu o. Kolewerk. 22 Likes 1 Share |
Re: Rice Price’ll Fall By Nov. — FG by Benjom(m): 6:37am On Oct 11, 2016 |
Well, it's a cheering news but until then, my fingers and legs are crossed. |
Re: Rice Price’ll Fall By Nov. — FG by saintkel(m): 6:39am On Oct 11, 2016 |
Another promise made, we r waiting 5 Likes |
Re: Rice Price’ll Fall By Nov. — FG by veekid(m): 6:50am On Oct 11, 2016 |
Yeye talk; na today you dey promise us Lies? Oga abeg open border o Jare 4 Likes 1 Share |
Re: Rice Price’ll Fall By Nov. — FG by wunmi590(m): 6:51am On Oct 11, 2016 |
What is the problem of this people, so people should stop buying and eating rice until November. I wonder what you want people to be eating from now till that November, knowing fully well that rice is the most consume food in Nigeria. You people will not finish Nigerians with hunger. 3 Likes |
Re: Rice Price’ll Fall By Nov. — FG by orlarbissy(f): 6:51am On Oct 11, 2016 |
OK, thank God November is around d corner. |
Re: Rice Price’ll Fall By Nov. — FG by beemzy2014(f): 6:51am On Oct 11, 2016 |
amen |
Re: Rice Price’ll Fall By Nov. — FG by SamuelAnyawu(m): 6:51am On Oct 11, 2016 |
Let's all wait till then..... But I've stocked my kitchen with two big bags of rice already |
Re: Rice Price’ll Fall By Nov. — FG by MrPresident1: 6:52am On Oct 11, 2016 |
I hope it is rice that is good for consumption. |
Re: Rice Price’ll Fall By Nov. — FG by Vaxt(m): 6:53am On Oct 11, 2016 |
We pray |
Re: Rice Price’ll Fall By Nov. — FG by SuperBlack: 6:53am On Oct 11, 2016 |
So they even know that the prize is High. Nonsense people 5 Likes |
Re: Rice Price’ll Fall By Nov. — FG by jerryunit48: 6:53am On Oct 11, 2016 |
Una still dey believe dem ? 6 Likes |
Re: Rice Price’ll Fall By Nov. — FG by gebest: 6:54am On Oct 11, 2016 |
lie lie government 1 Like |
Re: Rice Price’ll Fall By Nov. — FG by Nobody: 6:54am On Oct 11, 2016 |
I claim it by fire in Jesus name. 1 Like |
Re: Rice Price’ll Fall By Nov. — FG by Fantastic2m(m): 6:54am On Oct 11, 2016 |
Another lie obviously 4 Likes |
Re: Rice Price’ll Fall By Nov. — FG by grownaira: 6:54am On Oct 11, 2016 |
Amen. Meanwhile, for your livestock feed production, pls contact us for your good quality soyabean cake and groundnut cake. Direct from factory. Good price. 1 Like |
Re: Rice Price’ll Fall By Nov. — FG by Nobody: 6:54am On Oct 11, 2016 |
All predictions and promises made by this administration has failed woefully.Why should I trust this one? Believe this administration at your own peril. |
Re: Rice Price’ll Fall By Nov. — FG by sky43(m): 6:55am On Oct 11, 2016 |
This is same tin u people said dat fuel price will crash after two months of subsidy removal 5 Likes |
Re: Rice Price’ll Fall By Nov. — FG by erico2k2(m): 6:55am On Oct 11, 2016 |
I thought they lifted the Ban on importation of rice |
Re: Rice Price’ll Fall By Nov. — FG by sanandreas(m): 6:56am On Oct 11, 2016 |
It is a lie. He only passed the information that rice would be 40,000 by November. Be prepared! |
Re: Rice Price’ll Fall By Nov. — FG by Okaakoko(m): 6:57am On Oct 11, 2016 |
let's wait and see. because na next month I won do my grandpa burial, make the price come down abeg |
Re: Rice Price’ll Fall By Nov. — FG by spiffyzaki: 6:57am On Oct 11, 2016 |
Hmmmmm |
Re: Rice Price’ll Fall By Nov. — FG by ancientbanana: 6:57am On Oct 11, 2016 |
Hmmm one too many lies by FG |
Re: Rice Price’ll Fall By Nov. — FG by spiffyzaki: 6:58am On Oct 11, 2016 |
coolebux:. Guy u be fool o, just saying.lol 1 Like |
Re: Rice Price’ll Fall By Nov. — FG by martineverest(m): 6:58am On Oct 11, 2016 |
coolebux:those information came from wailers.....rice can never be 40k 2 Likes |
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