₦airaland Forum

I can't believe we bought bag of rice for 120k

Elusive001:
“Out of more than 150 rice mills nationwide, nearly 90 have shut down operations. The remaining mills are currently operating between 30 and 70 per cent of their installed capacity.”


Where are the rice now is cheap crew? Oya food done land oooo

Does this cut and join words make any sense to you?

Are you not ashamed to support a flawed economic policy that is not operated anywhere in the world?

How can a locally produced rice be 5 times more expensive than a more quality imported rice?

I'd prefer to buy a better foreign brand for 30k than buy a Nigerian locally produced rice of 70 to 80k.

Our local rice farmers are the most wicked people ever! We tried they but their greed was so much that Nigerians could barely eat

otokzmail:
Greedy Nigerian farmers are crying........ Too much of them.
So desperate to huge money from the suffering masses.
The next greedy people to be dealt with should be the Nigerian landlords.
I hope Tinubu would help to import more houses from Cotonou if possible.

Don't mind them. Very greedy people. If importation of rice is cheaper, let's continue importing. Who dem epp?

Make e collapse since it will only make rice more expensive with less quality for the people

90 rice mills vs the lives of hundreds of millions of Nigerians you greedy lots had in a chokehold?

Your guess is as good as mine.

MONEY247:
Deisel.... Deisel..
Plants and manufacturers equipment run on Deisel and the cost effect reflects on production price of the product....

Simple explanation..

Until Nigeria solve its industry problems...
Importation is the best way to go

Why don't they use solar and battery to power their rice mill?

Political rice mills that took rice out of the menu of most houses in Nigeria until govt intervened.

jmoore:
Tinubu's backward policies are the reasons for high cost of production.

If not for Tinubu's intervention, you won't have been able to afford rice to eat.

Let them fold up ooo.The local rice price was competing if not even higher than the foreign ones certain time.

There wouldn't have been justification for the importation of rice again, if the farmers were not greedy, and able to regulate the price lower than the foreign rice. Locally produced rice was at a time higher in Price than the foreign rice.

Beautifulday:
Then something is wrong with Nigeria system of production.

The imported rice are bought. At what price that the local counterparts can't compete favourably?

The imported rice are transported from host nation. Initiate logistics cost isn't available in Nigerian rice production.

The imported rice incurs clearing cost which Nigerian rice do not suffer.

The imported rice has more processing value than local rice. Processing cost

The big question.

How is imported rice cheaper than local rice

Local man is confused

Greed📌💯🤷🏿

erad:
And they don't pay for it?

You can not compare the cost of running production on electricity to running the same on diesel/petrol

This is what Mr. Peter Obi was saying for which he was berated by some.
How do you balance production with consumption. Too high prices at the shops mean no customers. Too low prices at the shops mean no producers.

This delicate balance has to come from somewhere and is from deliberate policies of government to ensure it meets both requirements with a good economy by ensuring the cost of production is low enough to compete (with cheaper imports) and to ensure disposable income rises by cutting inflation.

And how do you do both. Investment. Investment. Investment in the cost central of production. Start with the one thing that adds so much to costs and tackle it. Then move down the list until production becomes competitive.

If you don't know what aspects to tackle first and how seriously you should take them, town hall with consumers and producers. Hear them out.

You will always see the British Prime Minister, the Chancellor moving about from time to time in factories and visiting industrial concerns to understand the issues on ground. Such also forms the basis of policy direction. You don't sit in your office in CBN Hq and hope to solve economic issues. Go out and about, talk with the people that matter.

Beautifulday:
Then something is wrong with Nigeria system of production.

The imported rice are bought. At what price that the local counterparts can't compete favourably?

The imported rice are transported from host nation. Initiate logistics cost isn't available in Nigerian rice production.

The imported rice incurs clearing cost which Nigerian rice do not suffer.

The imported rice has more processing value than local rice. Processing cost

The big question.

How is imported rice cheaper than local rice

Local man is confused

Greed appears to be a major issue. Many local manufacturers price their products so high that imported rice sometimes becomes cheaper in the market. Instead of making locally produced rice competitive and affordable, excessive pricing pushes consumers toward imported alternatives.

These local rice producers were the cause of their current problem. The previous administration in the bid to support them closed the borders banned imports of foreign rice and what did these greedy quacks do? They inflated the prices of their local stoned infested rice, they even smuggled rice from other 3rd world countries, expired rice!

They rebagged these rice as premium rice; inflated the prices, thanks to them to bag of rice went from 8k to 80k , the most annoying thing is that most of them were not really producing rice but were importing and rebagging the rice!!

The current administration saw this and decided to resume importation to meet local demand.

Before you start bashing the current administration understand that the local producers failed to scale up capacity even with subventions from government the funds were diverted to buying flashy suvs and marrying wives, the mills died because the owners did not invest in their expansion and sustainability period.

The government should pls also allow import of cement local manufacturing is choking us while the companies declare hooge profits. Pls treat seriously

Elusive001:
“Out of more than 150 rice mills nationwide, nearly 90 have shut down operations. The remaining mills are currently operating between 30 and 70 per cent of their installed capacity.”


Where are the rice now is cheap crew? Oya food done land oooo

So we can say Buhari and Emefiele tried for the rice sector.

nairalanda1:
The countries we import rice from, Thailand and Brazil, have something we don't have....year round rain and favourable conditions for growing rice nationwide all the. year round

So they can produce rice in large amounts yearly

In Nigeria,.most rice farming is done in the North which means it requires a lot of irrigation and heavy duty labor as rainfall there is not as much as in the other countries . That means that production cost for rice here is much higher than in Thailand or Brazil where irrigation is not necessary or needed much.

Also,.Nigerian rice producers can't meet up to half of the total rice demand. That creates relative scarcity.

Add transport costs and insecurity and poor road and transport networks as well as lack of large-scale farming of rice, and the reasons for the price being higher become clear

Excuse, excuse and more excuses just to cut people neck, tor we support importation when it comes to rice so you don’t have to go through all those stress.

Close your mill and find other business you can do that won’t give you all those troubles. Shikena 🤷‍♂️

Tinubu will control the economy and Shettima will be in charge of insecurity 😂

Make local production cheaper and see it people no go buy,
Funny thing be that imported will be cheaper, neater and sweeter

Wickedfact:
If not for Tinubu's intervention, you won't have been able to afford rice to eat.

How much was rice sold before Tinubu was sworn?

If not for Tinubu's intervention, Kwara won't be collecting wotowoto from terrorists. That's how you sound.

Themanleshey:
Excuse, excuse and more excuses just to cut people neck, tor we support importation when it comes to rice so you don’t have to go through all those stress.

Well, if your country can produce rice during the dry season in nigeria, when most farmers cannot produce rice, you would outproduce the average Nigerian farmer

Or in plain english, NIgerian rice famers can produce rice within a limited period (March-September). Your average Thai farmer can produce rice all year round. Also, a nigerian farmer has to rely on irrigation...which increases cost. Your average thai farmer doesn't need irrigation

Finally, Thailand and Brazil has large areas of marshland. Nigeria? We don't have quite enough marshland.

Also, most farming in NIgeria is smallholder. Brazil has large scale farming, as do the thais. That boosts production even more.

Close your mill and find other business you can do that won’t give you all those troubles. Shikena 🤷‍♂️

You really should not be telling lies, old man.

MONEY247:
There is constant electricity there

Free of charge?

The next sector for importation should be cement..... Locally made cement prices is skyrocketing everyday

Godfullsam:
If these greedy, inconsiderate and wicked farmers were allowed to run things themselves without government intervention through importation, a bag of rice would be something close 200k by now if not more...

it would be going for 300k. They are stupidly very greedy. I have never seen!. Govt gives them free rice seeds, gives them free fertilizers, give them free water pumps, etc. They still produce substandard rice, and sell at very outrageous prices. How can the imported ones be cheaper than the ones you grow locally here? Make it make sense.

nairalanda1:
The countries we import rice from, Thailand and Brazil, have something we don't have....year round rain and favourable conditions for growing rice nationwide all the. year round

So they can produce rice in large amounts yearly

In Nigeria,.most rice farming is done in the North which means it requires a lot of irrigation and heavy duty labor as rainfall there is not as much as in the other countries . That means that production cost for rice here is much higher than in Thailand or Brazil where irrigation is not necessary or needed much.

Also,.Nigerian rice producers can't meet up to half of the total rice demand. That creates relative scarcity.

Add transport costs and insecurity and poor road and transport networks as well as lack of large-scale farming of rice, and the reasons for the price being higher become clear

Then they should do something else since rice production isn't our competitive advantage, given the weather and geography you just pointed out. I think it's time to start using alternative and cheaper sources of energy, like solar panels, to run generators for farm irrigation.

Why all these stories? Before APC deceived Nigerians to get to power,how much was 50kg bag of rice? Weren't there local rice farmers then? Honestly it's a tragedy to have allowed the APC into Nigerian politics and economy ...😌

MONEY247:
Deisel.... Deisel..
Plants and manufacturers equipment run on Deisel and the cost effect reflects on production price of the product....

Simple explanation..

Until Nigeria solve its industry problems...
Importation is the best way to go

na that diesel go kpai you

Good one

That doesn't concern the ordinary people. Our concern is to eat. US is the biggest importer, if you can't give us at reasonable price, allow us to buy from somewhere cheaper. If any Ikorodu economist come here with bullish, I'll deal with you