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We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessWe Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders (18342 Views)

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Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by abc115: 10:22am On May 16, 2025
Patriotic Nigerian
God Bless Alhaji
God Bless Federal Republic of Nigeria
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by koladebrainiac(m): 10:23am On May 16, 2025
good
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by penearth(m): 10:24am On May 16, 2025
Audio media for 2027. Non market reality
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by anonimi: 10:24am On May 16, 2025
tnerro1:
Propaganda government, my uncle doing government contracts has said the government has been unable to fund capital projects in the 2025 budget. If dem tell you the economy is working, na scam ooo
Is there anything about APC since 1999 in Borno and Lagos as well as other states for several years and in Abuja federal since 2015 that is not a scam?

How could ebilokan package a northerner like Buhari to make southerner Jonathan a one term president 10 years ago? Instead of the change promised they unleashed pepper dem shege on us.

Emergingnation:
Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party

National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.

During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.

He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.

His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.

“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.

“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.

“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.

Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.

https://dailypost.ng/2021/09/01/flashback-how-bola-tinubu-spoke-highly-of-buhari-in-2015-named-pdp-poverty-development-party/
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by saintopus(m): 10:26am On May 16, 2025
showboy2301:
So how much is your salary now?
Is not up to N300,000 for Grade Level 12
Very poor
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by crossbreedwears(m): 10:28am On May 16, 2025
That will be very hard
Aify147:
Bring it down to 25k for a bag.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by IamAtAnger: 10:28am On May 16, 2025
But una nor crash cement price... greedy and selfish abokis
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by advanceDNA:
southsouthking:
Importation is not the best option but price control,
.......farmers are running heavy cost in production of crops including transporting of their proceeds, electricity cost involved in turning paddy rice to edible grains, and other over head cost which has risen 5 times
..then one government will wake up and say they want to fix price.... Price fixing doesn't work without subsidy of one or more part of the supply chain of a good or service
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by Akwara25: 10:31am On May 16, 2025
Bua, you must be a criminal, You're crashing the price of rice on media while the price in the market are getting higher every day...
That is the same thing you are doing in cement... You and your group of criminals must suffer for what you are doing poor Nigerians..
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by yemmit90: 10:32am On May 16, 2025
Not only grains, government need to do this on cows, goats and rams too.

An average big cow is not less than a million naira now, the same cows these Fulanis feed on people sweat and blood. Same go for the rams and Goats, an average big ram today is not less than 400k, while small goat that use to be 30k is now selling around 100k.

One of a great injustice and wickedness in this country is doing by Fulanis. They are making hundreds of millions on these cattles, yet they refuse to built ranches for their animals.

The propose "forest guard scheme" should be made to be under state or local governments. They should be mandated to cease or kill any cattle roaming around our forest and farmland. The big men and politicians who are the owners of these cattles should be prove and made to face the wrath of the law.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by LegendHero(m): 10:37am On May 16, 2025
saintopus:
We need a further drop in price, considering that the minimum wage in the country is N70,000.
As a young civil servant in 2011 in Fed Min of Health my salary was N120,000.
The price of rice for 50Kg was N8000.
This means that with the exchange rate of N1500 to a dollar and inflation at 23% for me to live the same standard of life I was living in 2011, I need to earn a minimum of N1.3 million monthly, meaning workers are now poorer than in 2011.
What is the minimum wage in 2011?
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by theredaddy: 10:38am On May 16, 2025
TimeManager:
Say Jagaban.. Hoarders in trouble. Inflation is down to 23% and will keep going down gradually. Common masses are the real enemies of themselves, when Government gave them the opportunity to produce foods for the country, they abused it and rather made the food prices more costly while enriching themselves. Government then turned to the top echelon of the society to import and produce, even gives them import waivers, the average farmers are now crying. Sorry but not sorry.


-Kiss the truth!
No amount of saliva can messy the truth up,

Inflation is going down, how much did you buy bread last month and how much is it today

how much did you buy data last month and how less it now

Abi una own inflation decrease no dey reach market "prices"

The import duty wavier even custom dare not brag about is what one sycophant is appraising, shameless people
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by Akwara25: 10:38am On May 16, 2025
abc115:
Patriotic Nigerian
God Bless Alhaji
God Bless Federal Republic of Nigeria
God bless him for what? How much are they selling rice in your area? You guys must stop unmerited praises on line in order to retract some criminals before it's too late...
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by csamii: 10:38am On May 16, 2025
So what happens when the duty waiver expires since it's just six months? Will the rice and others skyrocket again?
What locations are BUA selling the rice?

Propaganda no dey rule country for long time o!
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by LegendHero(m): 10:38am On May 16, 2025
shortgun:
They are still playing politics of propaganda.
BUA chairman should provide contact of his warehouse or store where Nigerians will buy 50kg rice for 60k.
Rice is still selling for over 80k.
Nonsense
Lol shey na online you go dey quote for website wey fit dey add price sell as premium.

Go to the market and check. As far back as 5 month ago, rice was selling for 64k in Ibadan markets. Now it has come down to between 55 - 62k.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by showboy2301: 10:39am On May 16, 2025
saintopus:
Is not up to N300,000 for Grade Level 12
Very poor
Yes, but not bad if you invest in some business. I understand that family will take their own and some other things.

One of the few things is that instead of complaining about the government that doesn't care about us, why can't we get involved in governance or even start some business.?

It's never too late though. Thank you.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by yemmit90: 10:39am On May 16, 2025
saintopus:
Is not up to N300,000 for Grade Level 12
Very poor
With that, you can have access to flexible loan from banks or cooperative society and start a side business to increase your income. Your gratuities and pension too will help your old age. You are very lucky to be a federal civil servant.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by EyeofanEagle(m): 10:41am On May 16, 2025
shortgun:
They are still playing politics of propaganda.
BUA chairman should provide contact of his warehouse or store where Nigerians will buy 50kg rice for 60k.
Rice is still selling for over 80k.
Nonsense
So na this place you dey buy your own rice huh young man?
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by Originalsly: 10:44am On May 16, 2025
Why not go after the hoarders? Importing rice will kill local production and eat into foreign reserves. The foreign reserves used for importation could've been used to import equipment to boost local production. Why not make importation of a RI equipment duty free? Killing local industry and don't even know. What do they say about a nation than cannot feed itself?
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by solacong: 10:46am On May 16, 2025
leave this man with audio crashing abeg, he wanted to crash the price of cement since how many months now, he never see am crash, he don jump to rice now
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by MaziObinnaokija: 10:47am On May 16, 2025
shortgun:
They are still playing politics of propaganda.
BUA chairman should provide contact of his warehouse or store where Nigerians will buy 50kg rice for 60k.
Rice is still selling for over 80k.
Nonsense
I dnt knw u/where u cum from but the bitter truth is that the PRICE of RICE =some stuff don CRASH.We NIGERIANS are our own enemies/problem.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by lexy2014: 10:49am On May 16, 2025
Mushmush:
Well I don't know about where you live in but in my own place, prices of commodities dropped recently
which commodities did their prices drop?
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by Dogalmighty17: 10:52am On May 16, 2025
shortgun:
They are still playing politics of propaganda.
BUA chairman should provide contact of his warehouse or store where Nigerians will buy 50kg rice for 60k.
Rice is still selling for over 80k.
Nonsense
Bua rice is 70k. I bought a bag last week. Some places sell 75k. Big Bull is 74k to 85k. I discovered that sellers just fix prices of rice as it suits them.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by Flexyup: 10:52am On May 16, 2025
Mushmush:
This is a welcome development. Please crash it more. We need the prices of commodities to go lower
Good moves... Presido, i didn't expect you to be this calculative having the Nigerian purchase challenge in mind. No mind, that clueless buhari wey put Nigeria below below.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by shortgun(m): 10:53am On May 16, 2025
EyeofanEagle:
So na this place you dey buy your own rice huh young man?
grin grin grin
You will still defend the most incompetent president even if i had posted a video of me getting the price in a rice store.
There's no where in the country where stone free rice is selling for 60k per 50kg bag.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by amah4game: 10:55am On May 16, 2025
The same farms that farmers and the farming communities are killed, kidnapped, taxed by bandits and destroyed by herders? The crops will magically plant and harvest themselves abi?
TimeManager:
Say Jagaban.. Hoarders in trouble. Inflation is down to 23% and will keep going down gradually. Common masses are the real enemies of themselves, when Government gave them the opportunity to produce foods for the country, they abused it and rather made the food prices more costly while enriching themselves. Government then turned to the top echelon of the society to import and produce, even gives them import waivers, the average farmers are now crying. Sorry but not sorry.


-Kiss the truth!
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by MaziObinnaokija: 10:56am On May 16, 2025
sad .I don't do APC,PDP,LP whatever. Yeah! RICE ,WHEAT etc don crash. JENDOL, GB,EMIRATES, etc,una papa.Bokku still dey try
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by shortgun(m): 10:56am On May 16, 2025
Dogalmighty17:
Bua rice is 70k. I bought a bag last week. Some places sell 75k. Big Bull is 74k to 85k. I discovered that sellers just fix prices of rice as it suits them.
The price quoted here is 60k, which I find ridiculous.
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by frog12: 10:57am On May 16, 2025
no be lie for 5 months be dis? i hear bag of rice still 90k grin grin grin
Re: We Will Keep Crashing Rice Prices,’ BUA Chairman Rabiu Warns Hoarders by Nobody: 10:57am On May 16, 2025
frog12:
no be lie for 5 months be dis? bag of rice still 90k grin grin grin
stop lying

Bag of rice is 58k here
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