₦airaland Forum

Enough of exploitation from local rice farmers

300k bags to feed over 200 million people? These people are jokers! Only 50 million bags of rice can crash the price of rice in Nigeria. 300k bags cannot even feed a state for two weeks.

FG focus on exchange rate ooo
That's where the Koko is

I did not say focus on Fx rate

I actually meant focus on the underlying sociopolitical economic fundamental factors
You will be fine

NIGERIA is a land of oppression.
People are too wicked and end up throwing the blame on government.
If not for wickedness, why will locally produced rice sell for 100,000 naira and above.
Most NIGERIANS are worst than the politicians.
Keep taking advantage of the system to oppress yourselves.

ogaemma:
NIGERIA is a land of oppression.
People are too wicked and end up throwing the blame on government.
If not for wickedness, why will locally produced rice sell for 100,000 naira and above.
Most NIGERIANS are worst than the politicians.
Keep taking advantage of the system to oppress yourselves.

it begins from the bad leadership.
a leader that told you to snatch ,grab and run with ballot box and finally he is in power what do you expect from the citizens
everyone is taken advantage of opportunities ,.I won't surprise if one person corner the 300k bags store it for sometime and sell it at a more higher price.nigeria finished

Rice government. Shame.

This cannot crash anything in Lagos alone not to talk of the country as a whole

Government of Rice palliatives.

Thieves as usual.

We warned them.... Chapter one of hunger.

Nigeria will eventually beg for food even from Somalia.

APC is just starting their work.

lonecatt:
it begins from the bad leadership.
a leader that told you to snatch ,grab and run with ballot box and finally he is in power what do you expect from the citizens
everyone is taken advantage of opportunities ,.I won't surprise if one person corner the 300k bags store it for sometime and sell it at a more higher price.nigeria finished

And Peter Obi that refused to pay his state doctors for a whole year while building breweries to intoxicate your fada, he is the messiah abi?

Olodo

The price won't still crash

Kemetian:
And Peter Obi that refused to pay his state doctors for a whole year while building breweries to intoxicate your fada, he is the messiah abi?

Olodo

lol at least he never told anyone to snatch grab and run .

ogaemma:
NIGERIA is a land of oppression.
People are too wicked and end up throwing the blame on government.
If not for wickedness, why will locally produced rice sell for 100,000 naira and above.
Most NIGERIANS are worst than the politicians.
Keep taking advantage of the system to oppress yourselves.

Local rice at the source is 62k.. the rest cost additives is for profit and cost of transportation

SmartPolician:
300k bags to feed over 200 million people? These people are jokers!

Who said it was meant to feed 200 million people?

Do you have any sense at all, this boy?

Only 50 million bags of rice can crash the price of rice in Nigeria. 300k bags cannot even feed a state for two weeks.

You clearly know NOTHING about how markets work.

It’s not about “feeding a state”.

The 300k bags introduced to the Nigerian market at cheaper than current prices represents a disruption of the market by a ‘new entrant’, which can lead rival producers to lower their prices as well, generating a price war headed downwards, that favours buyers.

That’s the thinking behind the move. It’s a strategic move that should lead to falling prices for rice.

In that press meeting Tinubu had last month he said he would end inflation by flooding the market with goods, so this is it.

Kemetian:
Who said it was meant to feed 200 million people?

Do you have any sense at all, this boy?



You clearly know NOTHING about how markets work.

It’s not about “feeding a state”.

The 300k bags introduced to the Nigerian market at cheaper than current prices represents a disruption of the market by a ‘new entrant’, which can lead rival producers to lower their prices as well, generating a price war headed downwards, that favours buyers.

Your ignorance and guts to brazenly showcase it bother me. All I can say is, ping this moniker when the 300k bags crash the price.

Is the consignment for Anyi Foods Mega Store? What will 300,000 bags do? That's a big buyer's stock list.

Watch how some politicians would divert it to their personal warehouse... This isn't the first time

I wonder why Fg can not invite rice producing countries like Thailand, Brazil etc to come in, and then guarantee them of security. Allow them to produce rice in a very large quantity, the idea will be to Sell rice to Africa countries right from Nigeria. At the end rice will not only be cheap in the country, but give strong vigor to the economy.

How many was siphoned?

Lift ban on rice importation joooor. Local production na scam

lonecatt:
it begins from the bad leadership.
a leader that told you to snatch ,grab and run with ballot box and finally he is in power what do you expect from the citizens
everyone is taken advantage of opportunities ,.I won't surprise if one person corner the 300k bags store it for sometime and sell it at a more higher price.nigeria finished

let's leave your own generation out cos it is obviously zero or nothing,tell us what the government you voted in your state is doing presently that your children will enjoy then we agree that you know how to make choice.if there is none then you can shamefully and pitifully shut up when we talk about governance and government.you can't give what you don't have

300k bags to crash price in a country of 200 million. Jokers

lonecatt:
it begins from the bad leadership.
a leader that told you to snatch ,grab and run with ballot box and finally he is in power what do you expect from the citizens
everyone is taken advantage of opportunities ,.I won't surprise if one person corner the 300k bags store it for sometime and sell it at a more higher price.nigeria finished

Geddifock off, you are the real bad people cheating the system but you only blame the government because you lack the resources to outsmart other bad people in the game. If you had your way, you will keep fighting the system to ensure the rots continues as long as it favours you.

ogaemma:
NIGERIA is a land of oppression.
People are too wicked and end up throwing the blame on government.
If not for wickedness, why will locally produced rice sell for 100,000 naira and above.
Most NIGERIANS are worst than the politicians.
Keep taking advantage of the system to oppress yourselves.

and you ignorantly and foolishly forget the farmer spends a lot as well in cultivating the rice - from the seedling to transportation, security and other processes involved in the cultivation and to fortifying himself for the other needed commodities

mokwechineme:
and you ignorantly and foolishly forget the farmer spends a lot as well in cultivating the rice - from the seedling to transportation, security and other processes involved in the cultivation and to fortifying himself for the other needed commodities

While not shut up this early morning.
What did the farmer spend a lot to cultivate?
I lived in the Core north before travelling out.
The acre's of land to farm in the North is giving to farmer's cooperative for free by the government.
Machinery and tractor's is also giving to farmer's for free.
Seedlings and fertilizer is also subsidized for them by the government.
Chemicals to control pesticide is also subsidized for them.
Infact farming is easier in the North than in the South, because of the huge support farmer's get from the state government.
What is the process of harvesting rice.
Rice is one of the easiest crop to cultivate.
I understand there is Security challenges, which the Northerners were also part of it from the unset.
Because when the bandit's entered NIGERIA at first, those people in the core North protected them, thinking the bandit's were here to fight for their benefits.
Now it has boomerang.
Cost of transportation, yes the government failed NIGERIANS.
Still it doesn't justify selling a bag of local rice for over 100,000 naira.

lonecatt:
it begins from the bad leadership.
a leader that told you to snatch ,grab and run with ballot box and finally he is in power what do you expect from the citizens
everyone is taken advantage of opportunities ,.I won't surprise if one person corner the 300k bags store it for sometime and sell it at a more higher price.nigeria finished

Nigerians are their own worst enemy putting government aside, this is a period where everyone needs to rally and support each other in this critical times but na lie na how to make money off innocent Nigerians be some people plan.

That's less than 400 bags per LGA ... Na that one wan crash price? Imagine 400 bags of rice wan crash price of rice for Kano municipal LGA something wey no fit supply one shop

The same Thailand rice that APC used propaganda and said that Thailand rice and imported rice are plastic rice, that nigerians should start eating locally made rice. Thatwas when rice was just 7k per bag, now that even local rice is over 100k, the same APC government are now collecting the same Thailand rice that they used propaganda for. Believe anything that comes out from apc at your own peril.

Lanretoye:
let's leave your own generation out cos it is obviously zero or nothing,tell us what the government you voted in your state is doing presently that your children will enjoy then we agree that you know how to make choice.if there is none then you can shamefully and pitifully shut up when we talk about governance and government.you can't give what you don't have

apart from defending a government that came through electoral fraud what else are you good in

zero8zero:
Geddifock off, you are the real bad people cheating the system but you only blame the government because you lack the resources to outsmart other bad people in the game. If you had your way, you will keep fighting the system to ensure the rots continues as long as it favours you.

apart from defending a government that came through electoral fraud what else are you good in

Lamasta:
Nigerians are their own worst enemy putting government aside, this is a period where everyone needs to rally and support each other in this critical times but na lie na how to make money off innocent Nigerians be some people plan.

apart from defending a government that came through electoral fraud what else are you good in

Kemetian:
Who said it was meant to feed 200 million people?

Do you have any sense at all, this boy?



You clearly know NOTHING about how markets work.

It’s not about “feeding a state”.

The 300k bags introduced to the Nigerian market at cheaper than current prices represents a disruption of the market by a ‘new entrant’, which can lead rival producers to lower their prices as well, generating a price war headed downwards, that favours buyers.

That’s the thinking behind the move. It’s a strategic move that should lead to falling prices for rice.

In that press meeting Tinubu had last month he said he would end inflation by flooding the market with goods, so this is it.

All this is hogwash..
The rice will be shared by the politicians who will either sell it at the prevalent rate or store it for future elections..
There's no crashing of any price..
The ONLY way to really crash price is o open the borders and allow rice in freely.
Once that happens..price will crash without being coerced by FG.