backbencher:


God bless you and good evening.

backbencher:


So, how would you then pay the farmer, transporter, wholesaler, supplier, miller, etc etc...out of that N6000.

What you are suggesting is tantamount to me suggesting that we should pay you a third of your salary instead of the whole lot.

Why I am making fun is that you people want cheap stuff, because you think that people should suffer loss so that you can have 50kg rice for 6000 naira?

No wonder your country is in debt. It really costs a lot in loans to keep things cheap.

Communist countries tried what you are suggesting now, and most of them went broke eventually.

backbencher:


So, how would you then pay the farmer, transporter, wholesaler, supplier, miller, etc etc...out of that N6000.

What you are suggesting is tantamount to me suggesting that we should pay you a third of your salary instead of the whole lot.

Why I am making fun is that you people want cheap stuff, because you think that people should suffer loss so that you can have 50kg rice for 6000 naira?

No wonder your country is in debt. It really costs a lot in loans to keep things cheap.

Communist countries tried what you are suggesting now, and most of them went broke eventually.


Modified

Rice can never be 6000 naira for a 50kg bag for the simple reason that we don't have an economy that attracts forex and a strong Naira as a result.

Also, even then, rice cannot be as low as N6000 only. Rice price is determined by farmers, transporters, wholesalers and retailers., and millers. They determine the price they would sell rice to you so that they can make a profit.

Plus we import most of the rice we use. Cost of transporting the rice is another matter.

backbencher:


So, how would you then pay the farmer, transporter, wholesaler, supplier, miller, etc etc...out of that N6000.

What you are suggesting is tantamount to me suggesting that we should pay you a third of your salary instead of the whole lot.

Why I am making fun is that you people want cheap stuff, because you think that people should suffer loss so that you can have 50kg rice for 6000 naira?

No wonder your country is in debt. It really costs a lot in loans to keep things cheap.

Communist countries tried what you are suggesting now, and most of them went broke eventually.

openmine:

So whats the essence of parading locally made rice when its more expensive than the foreign rice?
If the issue is production cost,why cant the government tackle the issue of unavailable power supply. Multiple taxations and accessibility of roads to ensure a reduction in the cost of these products?
Mind you if the prices dont come down,more consumers will keep patronizing rice from countries where their production cost!

tunjijones:


Good evening sir.

Hope you had a Stress free day!!!

backbencher:


Ask your government, you voted for them . I didn't. Nor do i regard the rice pyramid as a sign of success.

backbencher:


So, how would you then pay the farmer, transporter, wholesaler, supplier, miller, etc etc...out of that N6000.

What you are suggesting is tantamount to me suggesting that we should pay you a third of your salary instead of the whole lot.

Why I am making fun is that you people want cheap stuff, because you think that people should suffer loss so that you can have 50kg rice for 6000 naira?

No wonder your country is in debt. It really costs a lot in loans to keep things cheap.

Communist countries tried what you are suggesting now, and most of them went broke eventually.


Modified

Rice can never be 6000 naira for a 50kg bag for the simple reason that we don't have an economy that attracts forex and a strong Naira as a result.

Also, even then, rice cannot be as low as N6000 only. Rice price is determined by farmers, transporters, wholesalers and retailers., and millers. They determine the price they would sell rice to you so that they can make a profit.

Plus we import most of the rice we use. Cost of transporting the rice is another matter.

backbencher:


So, how would you then pay the farmer, transporter, wholesaler, supplier, miller, etc etc...out of that N6000.

What you are suggesting is tantamount to me suggesting that we should pay you a third of your salary instead of the whole lot.

Why I am making fun is that you people want cheap stuff, because you think that people should suffer loss so that you can have 50kg rice for 6000 naira?

No wonder your country is in debt. It really costs a lot in loans to keep things cheap.

Communist countries tried what you are suggesting now, and most of them went broke eventually.


Modified

Rice can never be 6000 naira for a 50kg bag for the simple reason that we don't have an economy that attracts forex and a strong Naira as a result.

Also, even then, rice cannot be as low as N6000 only. Rice price is determined by farmers, transporters, wholesalers and retailers., and millers. They determine the price they would sell rice to you so that they can make a profit.

Plus we import most of the rice we use. Cost of transporting the rice is another matter.

Modified 2

I don't support the rice pyramid. As far as I am concerned, Nigeria has a long way to go before we can call ourselves a major rice producer. Less than 10% of our agriculture is not mechanized, and we are not like Thailand and Brazil that have lots and lots of wetland...far more than we can ever hope for, to produce rice by the tens of millions of tonnes.


The point of my rant is that many Nigerians have this idea that things should be cheap to help the poor. That's not how an economy is run, and running our power and petrol industries on such a principle is why they are in a mess

backbencher:


So, how would you then pay the farmer, transporter, wholesaler, supplier, miller, etc etc...out of that N6000.

What you are suggesting is tantamount to me suggesting that we should pay you a third of your salary instead of the whole lot.

Why I am making fun is that you people want cheap stuff, because you think that people should suffer loss so that you can have 50kg rice for 6000 naira?

No wonder your country is in debt. It really costs a lot in loans to keep things cheap.

Communist countries tried what you are suggesting now, and most of them went broke eventually.


Modified

Rice can never be 6000 naira for a 50kg bag for the simple reason that we don't have an economy that attracts forex and a strong Naira as a result.

Also, even then, rice cannot be as low as N6000 only. Rice price is determined by farmers, transporters, wholesalers and retailers., and millers. They determine the price they would sell rice to you so that they can make a profit.

Plus we import most of the rice we use. Cost of transporting the rice is another matter.

Modified 2

I don't support the rice pyramid. As far as I am concerned, Nigeria has a long way to go before we can call ourselves a major rice producer. Less than 10% of our agriculture is not mechanized, and we are not like Thailand and Brazil that have lots and lots of wetland...far more than we can ever hope for, to produce rice by the tens of millions of tonnes.


The point of my rant is that many Nigerians have this idea that things should be cheap to help the poor. That's not how an economy is run, and running our power and petrol industries on such a principle is why they are in a mess

Etuagievin:
But the price of rice at the market in no way suggests we have enough rice in Nigeria. Ordinarily, when you have enough, prices goes down . If the price remains same before this administration hand over the Batton , then it means the rice project, border closure thing is highly unnecessary and hoax

Etuagievin:
But the price of rice at the market in no way suggests we have enough rice in Nigeria. Ordinarily, when you have enough, prices goes down . If the price remains same before this administration hand over the Batton , then it means the rice project, border closure thing is highly unnecessary and hoax

RIFANNigeria:
Nigeria’s Iconic Rice Paddy Pyramids to be Evacuated Tomorrow
Eight days after the unveiling of Africa’s largest pyramids of rice paddy, the pyramids are about to be evacuated to integrated millers within the country.
This was revealed in an interview by Engr. Saleh Alhassan, the Director of Administration, RIFAN, who oversaw the building of the giant pyramids. He stated that, with the magnificent pyramids, the Rice Farmers’ Association of Nigeria has converted perceived challenges to robust opportunities by installing in Nigerians the possibility of making wealth from the land.
Engr. Alhassan added that with the collaborative efforts of RIFAN and the Central Bank of Nigeria (CBN), Nigeria is self-sufficient in rice production as the country outdoes Egypt to become Africa’s largest rice-producing nation.
Meanwhile, the Director invited all and sundry to witness the evacuation process at the Abuja Centre for Commerce and Industry, Lugbe. He maintained that the evacuation process will silence naysayers who propagate malicious information concerning the iconic achievement of RIFAN and the Buhari – led administration.
The evacuation begins by 10:00 am tomorrow, 27th January 2022 and the bags of rice paddy will be channeled to 61 integrated millers within Nigeria.

naijaboy756:
quit long grammer. How did PDP make rice sell @8k?

Will your long grammer return rice to PDP price?

backbencher:


1.Power supply is in private hands, and we have bad power because government sets the price of power , instead of the power companies, leaving many of them running at a loss (and three discos have already gotten into trobule, with at least one under AMCON control

backbencher:

2.We don't pay enough tax as it is...tax to gdp is 6.4% . In a way, that's why we don't have enough cash to link every state by rail...which could bring transport costs low.

backbencher:

3.Rice cannot sell below N6000.....unless we run an industrial economy with a very very strong naira, or we run a communist economy of pretending our currency is strong...till it isn't.

backbencher:


It costs more than 6000 naira to transport rice from the growing regions to the market.

And you chaps are suggesting we sell that rice at N6000 ....so where is the farmer going to make a profit?

From the sky?

You know you people are asking for a rice subsidy...that would cost billions , and would leave little money for other sectors....

Nigerians and cheap things.

If you want N6000 rice, vote in leaders who will make our country an industrial nation. Not people like Tinubu, Atiku, Buhari, Obi, GEJ and Obasanjo,...and company.

RIFANNigeria:
Nigeria’s Iconic Rice Paddy Pyramids to be Evacuated Tomorrow
Eight days after the unveiling of Africa’s largest pyramids of rice paddy, the pyramids are about to be evacuated to integrated millers within the country.
This was revealed in an interview by Engr. Saleh Alhassan, the Director of Administration, RIFAN, who oversaw the building of the giant pyramids. He stated that, with the magnificent pyramids, the Rice Farmers’ Association of Nigeria has converted perceived challenges to robust opportunities by installing in Nigerians the possibility of making wealth from the land.
Engr. Alhassan added that with the collaborative efforts of RIFAN and the Central Bank of Nigeria (CBN), Nigeria is self-sufficient in rice production as the country outdoes Egypt to become Africa’s largest rice-producing nation.
Meanwhile, the Director invited all and sundry to witness the evacuation process at the Abuja Centre for Commerce and Industry, Lugbe. He maintained that the evacuation process will silence naysayers who propagate malicious information concerning the iconic achievement of RIFAN and the Buhari – led administration.
The evacuation begins by 10:00 am tomorrow, 27th January 2022 and the bags of rice paddy will be channeled to 61 integrated millers within Nigeria.

backbencher:


How did PDP not return the rice to the 2000 naira they met it?

Nigeria has a problem with resource depenendecy which accounts for the increase in prices of eveything...we so don't earn enough forex to keep the value of the naira high.

It is why your PDP cannot return the price of bread to the N20 of some thirty years ago, or the 77kobo that beer used to cost in the late 1970's.

Which is why I scream on this site that you people should support leaders who would make us an industrial nation, exporting industrial goods, like cars, phones even blenders. And also vote for leaders who would raise our tax to gdp ratio....to around 40% ...so that we would have enough cash for welfarist projects, and be a really developed naiton in several years.

And forex that would make the naira so strong, that 5 kobo would get you one dollar.

But you want leaders who would give you cheap things, which is why you vote for PDP and why your opposite numbers vote for APC.You want leaders who would share money for you and keep prices so cheap so that you can go and buy imported stuff, while we have no jobs because our domestic industries have been overrun by imports you want.

Good evening. Economics is not about cheap goodies. or keeping things cheap, or expensive. Economics is about making sure that the economy makes enough money to create jobs, and pay the taxman their share....so that the government can keep the economy focused on creating jobs and profit, and innovation and more profit.

openmine:


So who loses from not buying or patronizing the local products or commodity due to the unavailability of power?
The manufacturer or the consumer?
Are you aware that there is a purchase of huge amount of rice smuggled from countries that share border with us at a far lower price than the amount in Nigeria?

@ highlighted...This is totally untrue!
Nigerians have paid more than enough taxes unless you are not in this country or commenting from another country!
We pay about more than four different taxes when when transacting online!
For every purchase made on any commodity,there is a VAT
Lets even admit without conceding that we dont pay enough taxes as you are alleging,what have the authorities done with the ones that they currently have?
How many major roads have the FG(both past and present) done with the taxes that have been given?
What about the health and educational sector that keep going on strike to press home their demand for enough funding which is a necessity?
Furthermore,aside tax payment,one of the reasons why FG is finding it hard to get funds is because most of the revenue generating agencies do not remit their actual cashflow.....Imagine an agency like NPA that was meant to remit 500billion at a particular year only remited 50 billion...is that the fault of Nigerians?
Lets even ask....are we not suppose to run a federated system of government where state own their own resources and remit to the centre?
Most of the rail projects could have been handled by most of the states with or without the involvement of the FG!

Rice can be sold for even less if the FG fixes the power sector and reduce the multiple taxes that have ensured the manufacturers reflect it on their production cost!
Is it rocket science that countries with adequate power supply like Ghana sell their products a lot cheaper than Nigeria?

naijaboy756:
With the way this government talks about rice revolution, by now rice suppose don be 6k for 50kg. If not the revolution is useless because affordable rice is all that matters.

Without revolution, good foreign rice was Bought for 8k. With revolution it is above 30k.

Which is better?What is happening?

How I wish say Buhari and Lai Mohammed dey chop the local rice sef.
Na foreign rice go full dem kitchen

Limassol:
You are seemingly always eager to analyse on typics you know little about, if at all you know(no offence, just an observation). Besides, just as recently as 2014,a bag of rice was 7000, that it is almost quadruple that price now is a result of mismanaged inflation, weak economy and bad policies,of which this goverment is partly to blame. So what are you talking about(your beating around the bush makes litte sense)?