₦airaland Forum

Mykellio:
We need a revolution.

http://www.premiumtimesng.com/news/headlines/195509-investigation-inside-the-massive-fraud-in-nigerias-n117billion-rice-import-quota-scheme.html?utm_source=&utm_medium=twitter

First, it was petroleum subsidy scam, now it is our rice. How long will Nigerians sell their destiny for a plate of Thai rice? But, wait whose fault is it? Can they thrive if there is no market and appetite for it?

Last year I was in the UAE, stayed in Bur Dubai. I entered a Tesco Franchise store off Al Rolla crescent and picked up a 10kg bag of premium quality rice for 15Dirhams (1Dirham = NGN50). That's NGN750. This implies a 50kg would have cost about NGN3,750.
Now, this is not just about rice. I took a cab, 2015 model Hyundai Elantra to Al Mahktoum, driven by a young man named Hussein. Out of curiosity I asked him how much the car cost. He smiled and answered 55,000Dirhams with 0% interest bank loan and comprehensive 3rd party insurance. That's about NGN2,750,000. But same vehicle at Stallion Group, Nigeria is about NGN4million. So, what is it about?

This is about our greed and abysmal "long-throatedness". The desire to make colossal profit margins without regard to whose detriment is mind-buggling and infernal. So, this is not about whether Nigeria is importing or producing rice. It's just we are greedy and lazy.

All the companies listed in that scam want to make quick and huge money, whereas agribusiness takes patience and requires a long term investment mentality to thrive. The rice value chain in particular is very long. Several processes, so yes, instead of going through all that to refine the quality, they just catapult the funds out to import and then sell at ridiculous prices. But mind you they spend most of their time in such places as I mentioned above, so the price here is not their business. Go and ask Oba Otudeko how much a bag of rice is? If they have their way, a bag of rice will sell at N20,000 and a litre of fuel for N1,000.

Yes, I produce rice. But beyond that, for the sake of the economy, for the sake of our pockets for the sake of several millions of Nigerians that eat rice as just "a Sunday meal". Let's develop Nigeria's rice value chain. And your own contribution to it is by buying it and eating it. The rice the Thai family eat on their table in Bangkok is not international, it is local to them. So, let's stop the negativity attached to the word local.

It has chaff, it has stone, it is colored. Yes. But, with adequate investment, the indigenous quality will attain and can surpass foreign standard. Stone in the rice is not the farmers' fault. Rice is not planted in the air, it grows from the soil. Between harvest and bagging, rice loses over 20% of its weight in form of chaff, husk and other sediments as well as moisture. This is the terrain of capital-intensive investment, which is significantly lacking. The farmer can not be the one to plant and be the one to process at the same time. You cannot be the deceased and be the bereaved at the same time. There are people that view this nairaland everyday. There is somebody who has access to investment. Do you know that with just NGN50million, a major processor can be installed and operated in a strategic rice zone in the country that will service over 500 farmers and turn out over 300,000MT of quality rice per annum. Did I just say just? Yes, because there are people who spend that on just one or two cars, which become obsolete within a couple of months. Rice has no model, yes the varieties but there is no fashion attached to it just the appetite.

Let's wake up and stop our nation from being the global dustbin of everything. From rice, to frozen foods, cars etc. Let's make our nation great. Instead of looking for quick money invest in long term agricultural infrastructure. Every other thing may change, but we will always eat. That's the secret behind the lucrativeness of agriculture. Only that the Thai are using their "loaves of bread to pack our stew", crass exploitation of the highest order.

If 1 million Nigerians buy 1 Derica (small unit that measures 64 times in a 50kg bag) of Nigerian rice for N100 thrice a week. We will succeed in retaining at least NGN300million in the economy per month, and NGN3.6billion per annum that should have escaped as capital flight in importing rice.

Food for thought.

Regards,

Mykellio

mu2sa2:
Op UAE is an Islamic country, where the system guarantees justice, fairness and equity to all. Unlike the warped system we operate in Nigeria, which is oppressive and injust, aggravated by greed and wickedness.

Mykellio:
Wow!

I have to thank you all for the very frank, reinvigorating, thought-provoking, and constructive comments. I find them inherently sapient and salient to the discourse. Thanks @misreal, I guess you are happy now. No need to fight Seun. @Pavore9, I am already looking at the handheld rice harvesters. We have to bring them in. I have learnt a lot. @fluffybaby.. Lol. Never mind you will not lose your pearly teeth to stones and I will soon tell you why.

Well, on a personal level, while I am not a graduate of agriculture or related degrees, I am one person amongst others who is very passionate about the pursuit of Nigeria's self sufficiency and national food security. And by food security I imply, the drive and process to make food available, adequate, accessible and affordable.

I believe that, Nigeria can feed itself, Africa and the world. Nigeria can become a continental and global breadwinner. We suffer from gruelling abysmal poverty in the midst of opulence. It is an unfathomable paradox. A paradox made real and infernal by the greed and slothfulness of actors at various levels of analysis.

As I said, you can not be the deceased and be the bereaved at the same time. When you die someone else has to do the weeping and burying. That is the nature of agriculture. Everything is not about the farmer. The farmer can not till the soil, sow the seeds, scare birds, weed grass and harvest, and thresh rice, then still be expected to mill, destone, polish, grade, sort and bag the rice. This is the terrain of the processors. If you read the link in this writeup, the companies are supposed processors to whom federal funds were approved in form of subsidy to first, process local rice and secondly, import rice in order to bridge the demand-supply gap of rice. The first was neglected, they just jumped to the second. Priority should have been first given to our indigenous rice and then importation as a plan B. But, plan B became plan All.

It is the task of our indigenous processors to refine our rice to international standard. Removing chaff and stone, polishing and bagging is their portfolio, not the farmers'. This is what the funds from CBN through the commercial banks in form of Nigerian Incentive-based Risk Sharing Agric Lending (NIRSAL) and Commercial Agric Credit Scheme (CACS) where supposed to achieve since 2009.

At the risk of turning this thread into an advert, we are currently investing in Nigeria's rice value chain, soon to become large scale to turn out 20,000MT of polished rice per annum. Our current test production and pilot marketing phase has shown to us, that it is feasible and viable to have stone-free, chaff free and polished rice at reasonable prices available to Nigerians. It is a long arduous journey ahead, but it is a path we are willing to walk on. We would rather die trying than become spectators to the current feast on Nigeria's populace by cabals of food importers from home and abroad.

So, it is possible but we have to give it a chance. And a lot of will and commitment should go into it not lip service. Together, we can reposition Nigeria from subsistence deficits to national economic surpluses in rice productivity.

N1billion escapes our economy daily in form of jollof rice, fried rice, white cooked with Asian rice we know the brands. We can turn this tide, by buying a Derica of Nigerian rice thrice a week just 1 million Nigerians will see about N5 billion in capital flight restored back to this country.

Once again, thank you all.

oz4real83:
The major problem affecting Nigeria still lies in the wrong foundation. Our economy wasn't matured enough to be opened to the outside world at the time it was done. This early awareness to foreign goods created an appetite that is insatiable and also difficult to quench. China closed it economy to the whole world in their foundation period and developed local appetite for their locally produced goods. By the time their economy was opened to external influences,the appetite still remained!!! That's why their economy is growing at alarming rate because they piatronise their locally made goods!!!

BlackMaria:
Local rice that tastes like corn. Tueh.

Mykellio:
We need a revolution.

http://www.premiumtimesng.com/news/headlines/195509-investigation-inside-the-massive-fraud-in-nigerias-n117billion-rice-import-quota-scheme.html?utm_source=&utm_medium=twitter

First, it was petroleum subsidy scam, now it is our rice. How long will Nigerians sell their destiny for a plate of Thai rice? But, wait whose fault is it? Can they thrive if there is no market and appetite for it?

Last year I was in the UAE, stayed in Bur Dubai. I entered a Tesco Franchise store off Al Rolla crescent and picked up a 10kg bag of premium quality rice for 15Dirhams (1Dirham = NGN50). That's NGN750. This implies a 50kg would have cost about NGN3,750.
Now, this is not just about rice. I took a cab, 2015 model Hyundai Elantra to Al Mahktoum, driven by a young man named Hussein. Out of curiosity I asked him how much the car cost. He smiled and answered 55,000Dirhams with 0% interest bank loan and comprehensive 3rd party insurance. That's about NGN2,750,000. But same vehicle at Stallion Group, Nigeria is about NGN4million. So, what is it about?

This is about our greed and abysmal "long-throatedness". The desire to make colossal profit margins without regard to whose detriment is mind-buggling and infernal. So, this is not about whether Nigeria is importing or producing rice. It's just we are greedy and lazy.

All the companies listed in that scam want to make quick and huge money, whereas agribusiness takes patience and requires a long term investment mentality to thrive. The rice value chain in particular is very long. Several processes, so yes, instead of going through all that to refine the quality, they just catapult the funds out to import and then sell at ridiculous prices. But mind you they spend most of their time in such places as I mentioned above, so the price here is not their business. Go and ask Oba Otudeko how much a bag of rice is? If they have their way, a bag of rice will sell at N20,000 and a litre of fuel for N1,000.

Yes, I produce rice. But beyond that, for the sake of the economy, for the sake of our pockets for the sake of several millions of Nigerians that eat rice as just "a Sunday meal". Let's develop Nigeria's rice value chain. And your own contribution to it is by buying it and eating it. The rice the Thai family eat on their table in Bangkok is not international, it is local to them. So, let's stop the negativity attached to the word local.

It has chaff, it has stone, it is colored. Yes. But, with adequate investment, the indigenous quality will attain and can surpass foreign standard. Stone in the rice is not the farmers' fault. Rice is not planted in the air, it grows from the soil. Between harvest and bagging, rice loses over 20% of its weight in form of chaff, husk and other sediments as well as moisture. This is the terrain of capital-intensive investment, which is significantly lacking. The farmer can not be the one to plant and be the one to process at the same time. You cannot be the deceased and be the bereaved at the same time. There are people that view this nairaland everyday. There is somebody who has access to investment. Do you know that with just NGN50million, a major processor can be installed and operated in a strategic rice zone in the country that will service over 500 farmers and turn out over 300,000MT of quality rice per annum. Did I just say just? Yes, because there are people who spend that on just one or two cars, which become obsolete within a couple of months. Rice has no model, yes the varieties but there is no fashion attached to it just the appetite.

Let's wake up and stop our nation from being the global dustbin of everything. From rice, to frozen foods, cars etc. Let's make our nation great. Instead of looking for quick money invest in long term agricultural infrastructure. Every other thing may change, but we will always eat. That's the secret behind the lucrativeness of agriculture. Only that the Thai are using their "loaves of bread to pack our stew", crass exploitation of the highest order.

If 1 million Nigerians buy 1 Derica (small unit that measures 64 times in a 50kg bag) of Nigerian rice for N100 thrice a week. We will succeed in retaining at least NGN300million in the economy per month, and NGN3.6billion per annum that should have escaped as capital flight in importing rice.

Food for thought.

Regards,

Mykellio

BlackMaria:
Local rice that tastes like corn. Tueh.

BlackMaria:
Shey make I dey lie ni. The rice tastes like corn to me.

youngice:
The way we despise our local materials Is just appalling, every thing is imported Even brain is imported haba One day we go start to import olosho

Mykellio:
We need a revolution.

http://www.premiumtimesng.com/news/headlines/195509-investigation-inside-the-massive-fraud-in-nigerias-n117billion-rice-import-quota-scheme.html?utm_source=&utm_medium=twitter

First, it was petroleum subsidy scam, now it is our rice. How long will Nigerians sell their destiny for a plate of Thai rice? But, wait whose fault is it? Can they thrive if there is no market and appetite for it?

Last year I was in the UAE, stayed in Bur Dubai. I entered a Tesco Franchise store off Al Rolla crescent and picked up a 10kg bag of premium quality rice for 15Dirhams (1Dirham = NGN50). That's NGN750. This implies a 50kg would have cost about NGN3,750.
Now, this is not just about rice. I took a cab, 2015 model Hyundai Elantra to Al Mahktoum, driven by a young man named Hussein. Out of curiosity I asked him how much the car cost. He smiled and answered 55,000Dirhams with 0% interest bank loan and comprehensive 3rd party insurance. That's about NGN2,750,000. But same vehicle at Stallion Group, Nigeria is about NGN4million. So, what is it about?

This is about our greed and abysmal "long-throatedness". The desire to make colossal profit margins without regard to whose detriment is mind-buggling and infernal. So, this is not about whether Nigeria is importing or producing rice. It's just we are greedy and lazy.

All the companies listed in that scam want to make quick and huge money, whereas agribusiness takes patience and requires a long term investment mentality to thrive. The rice value chain in particular is very long. Several processes, so yes, instead of going through all that to refine the quality, they just catapult the funds out to import and then sell at ridiculous prices. But mind you they spend most of their time in such places as I mentioned above, so the price here is not their business. Go and ask Oba Otudeko how much a bag of rice is? If they have their way, a bag of rice will sell at N20,000 and a litre of fuel for N1,000.

Yes, I produce rice. But beyond that, for the sake of the economy, for the sake of our pockets for the sake of several millions of Nigerians that eat rice as just "a Sunday meal". Let's develop Nigeria's rice value chain. And your own contribution to it is by buying it and eating it. The rice the Thai family eat on their table in Bangkok is not international, it is local to them. So, let's stop the negativity attached to the word local.

It has chaff, it has stone, it is colored. Yes. But, with adequate investment, the indigenous quality will attain and can surpass foreign standard. Stone in the rice is not the farmers' fault. Rice is not planted in the air, it grows from the soil. Between harvest and bagging, rice loses over 20% of its weight in form of chaff, husk and other sediments as well as moisture. This is the terrain of capital-intensive investment, which is significantly lacking. The farmer can not be the one to plant and be the one to process at the same time. You cannot be the deceased and be the bereaved at the same time. There are people that view this nairaland everyday. There is somebody who has access to investment. Do you know that with just NGN50million, a major processor can be installed and operated in a strategic rice zone in the country that will service over 500 farmers and turn out over 300,000MT of quality rice per annum. Did I just say just? Yes, because there are people who spend that on just one or two cars, which become obsolete within a couple of months. Rice has no model, yes the varieties but there is no fashion attached to it just the appetite.

Let's wake up and stop our nation from being the global dustbin of everything. From rice, to frozen foods, cars etc. Let's make our nation great. Instead of looking for quick money invest in long term agricultural infrastructure. Every other thing may change, but we will always eat. That's the secret behind the lucrativeness of agriculture. Only that the Thai are using their "loaves of bread to pack our stew", crass exploitation of the highest order.

If 1 million Nigerians buy 1 Derica (small unit that measures 64 times in a 50kg bag) of Nigerian rice for N100 thrice a week. We will succeed in retaining at least NGN300million in the economy per month, and NGN3.6billion per annum that should have escaped as capital flight in importing rice.

Food for thought.

Regards,

Mykellio

dantori:
kindly follow me also contact me we need to talk

GrammarNazi:
Who are the 'We'?
How can I be a part of this?
I'd like to invest (financially and technically) in something like this.

Bucacious:
God bless u op for dis writeup. I am not a rice farmer but I love grown in Nigeria rice. The problem is dat the locak rice is not available everywia. It is not readily available at all. All the same there is no excuse on govt part to give this sector the attention it requires.

bawz012:
and as a result of d limited harvest of our rice. it is cost than the imported rice.

A cup of imported rice sells for about N50

While Ofada rice costs double of that.

danbrowndmf:
who u be sef?u dnt want to tell me abi

StrawberryCream:
Like say u no know..

Mykellio:
You are making a point. But you did not consolidate it. See how much our bag of rice goes for cost including delivery. Click here: www.nairaland.com/2782261/nairalands-no.1-large-scale-rice/1#41262423

danbrowndmf:
seriously i dunno.i don try to decode no way..so tell me please.

StrawberryCream:
Ladyboss now

danbrowndmf:
loools.kindly follow back. You know i keep trying that ur number u once called me with long time ago...heard about wor happened to ur bro. My condolense...how have you been?

StrawberryCream:
Thanks hun
Been tough but u know we all have our own way of handling things
Just a new exoerience for me .. But all good now .. Was just there for like 5days lol i don fat small sef

But yh thank you man didnt see your previous comment when i left . But heard u all left nice message for me ..
I no dey follow joor una.

kaeforum:
Blacmaria mentality, haven't u heard of ofada rice and abakiliki rice they re better than this foreign bleached rice u binge on, which taste nice but kills slowly, supoort d local economy buy made in naija goods.

Turbocharged:
...and corn is poison, abi?
#Mtchew

bawz012:
To make Nigeria great, we ll need to sacrifice a lot.

Mykellio:
We need a revolution.

http://www.premiumtimesng.com/news/headlines/195509-investigation-inside-the-massive-fraud-in-nigerias-n117billion-rice-import-quota-scheme.html?utm_source=&utm_medium=twitter

First, it was petroleum subsidy scam, now it is our rice. How long will Nigerians sell their destiny for a plate of Thai rice? But, wait whose fault is it? Can they thrive if there is no market and appetite for it?

Last year I was in the UAE, stayed in Bur Dubai. I entered a Tesco Franchise store off Al Rolla crescent and picked up a 10kg bag of premium quality rice for 15Dirhams (1Dirham = NGN50). That's NGN750. This implies a 50kg would have cost about NGN3,750.
Now, this is not just about rice. I took a cab, 2015 model Hyundai Elantra to Al Mahktoum, driven by a young man named Hussein. Out of curiosity I asked him how much the car cost. He smiled and answered 55,000Dirhams with 0% interest bank loan and comprehensive 3rd party insurance. That's about NGN2,750,000. But same vehicle at Stallion Group, Nigeria is about NGN4million. So, what is it about?

This is about our greed and abysmal "long-throatedness". The desire to make colossal profit margins without regard to whose detriment is mind-buggling and infernal. So, this is not about whether Nigeria is importing or producing rice. It's just we are greedy and lazy.

All the companies listed in that scam want to make quick and huge money, whereas agribusiness takes patience and requires a long term investment mentality to thrive. The rice value chain in particular is very long. Several processes, so yes, instead of going through all that to refine the quality, they just catapult the funds out to import and then sell at ridiculous prices. But mind you they spend most of their time in such places as I mentioned above, so the price here is not their business. Go and ask Oba Otudeko how much a bag of rice is? If they have their way, a bag of rice will sell at N20,000 and a litre of fuel for N1,000.

Yes, I produce rice. But beyond that, for the sake of the economy, for the sake of our pockets for the sake of several millions of Nigerians that eat rice as just "a Sunday meal". Let's develop Nigeria's rice value chain. And your own contribution to it is by buying it and eating it. The rice the Thai family eat on their table in Bangkok is not international, it is local to them. So, let's stop the negativity attached to the word local.

It has chaff, it has stone, it is colored. Yes. But, with adequate investment, the indigenous quality will attain and can surpass foreign standard. Stone in the rice is not the farmers' fault. Rice is not planted in the air, it grows from the soil. Between harvest and bagging, rice loses over 20% of its weight in form of chaff, husk and other sediments as well as moisture. This is the terrain of capital-intensive investment, which is significantly lacking. The farmer can not be the one to plant and be the one to process at the same time. You cannot be the deceased and be the bereaved at the same time. There are people that view this nairaland everyday. There is somebody who has access to investment. Do you know that with just NGN50million, a major processor can be installed and operated in a strategic rice zone in the country that will service over 500 farmers and turn out over 300,000MT of quality rice per annum. Did I just say just? Yes, because there are people who spend that on just one or two cars, which become obsolete within a couple of months. Rice has no model, yes the varieties but there is no fashion attached to it just the appetite.

Let's wake up and stop our nation from being the global dustbin of everything. From rice, to frozen foods, cars etc. Let's make our nation great. Instead of looking for quick money invest in long term agricultural infrastructure. Every other thing may change, but we will always eat. That's the secret behind the lucrativeness of agriculture. Only that the Thai are using their "loaves of bread to pack our stew", crass exploitation of the highest order.

If 1 million Nigerians buy 1 Derica (small unit that measures 64 times in a 50kg bag) of Nigerian rice for N100 thrice a week. We will succeed in retaining at least NGN300million in the economy per month, and NGN3.6billion per annum that should have escaped as capital flight in importing rice.

Food for thought.

Regards,

Mykellio

HarkymTheOracle:
Hmmn.... Now This is an eye-opening write up. If only the capable Nigerians will tsp into this rather than using their money to buy bullet proof cars and 28million naira worth of champagne in the UK.

Btw,listen to my songs at http://my.notjustok.com/p/oracle/
I'M THE ORACLE