₦airaland Forum

In response to the Federal Government’s plea for farmers not to take advantage of the current border closure, producers of the Ogoja Rice have disclosed plans to slash the price of the grain ahead of the Yuletide season.

Chairman of the Santuscom Agro-Hub Investment Nigeria Limited, producers of Ogoja Rice, Paul Santus, told journalists yesterday, in Abuja, that the company had scaled up production of the brand locally produced in Yala Local Government Area of Cross River State, to meet demand for the grain.

He told Nigerians not to panic ahead of the festive period, as the company is willing to crash the price of its 50kg bag to N14,000, saying all is set to meet rice demand in-country despite the skyrocketing price of the commodity in the market, following the border closure.


Recall that Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, had appealed to rice farmers, millers and marketers not to increase the price of the grain, saying it would impact negatively on government’s aim on closing the borders.

However, operators along the value chain cashed in on the situation to the extent that local rice, which sold at N16,000 for 50kg bag rose to N20,000 while foreign rice is sold at N22,000.

Source: https://www.ogbeta.ng/2019/11/rice-producers-to-slash-price-of-rice.html

Lalasticlala

Read More Here>>>>https://www.ogbeta.ng/2019/11/rice-producers-to-slash-price-of-rice.html

Better., even if it's local let it be lesser. Let's get value for our money. We need quality as well not teeth breakers.

More stones ....


we go chop stone and sand for rice tire ...


Government should invest more money in healthcare to treat appendix and dental issues.

God Bless Buhari!

JEmma1:
More stones ....


we go chop stone and sand for rice tire ...


Government should invest more money in healthcare to treat appendix and dental issues.

Don't know where you buy your own rice but I have been eating stones free local rice since they shut the border.

Local rice shouldn't be more than 10k, if this government is really serious about this issue they should assist the local rice farmers so the price doesn't exceed 10k then anybody caught smuggling rice after that should be sent to jail without an option of fine but as it is now you can't expect people to buy local rice for 20k while the foreign one is just 22k, it is not possible considering some of the local rice are not that ok.

JEmma1:
More stones ....


we go chop stone and sand for rice tire ...


Government should invest more money in healthcare to treat appendix and dental issues.

oloriburuku continue buying unprocessed rice direct from farm.when millions re already eating processed stone free local rice

Banning or regulating all trade unions in Nigeria will seriously reduce inflation. These unions act as monopolies and don't allow market forces to determine prices. These union fix prices, quantity supplied and when to get it. These unions even determine who trades and who doesn't. Almost all commodities in Nigeria have a union in charge of it. Imagine a situation where a seller will be checking around himself to make sure his neighbour-seller isn't closeby before he will reduce price below their union-fixed prices. This is abnormal. Not until the govt does something about these unions, inflation will continue to be our lot.

That is the best thing for their own good oh....if not foreign rice ti take ova

I eat foreign rice..... Not local.

One big issue with the Nigerian market is arbitrary pricing. Someone just wakes up somewhere and decides the price of a commodity and because they enjoy some Trade Union form of monopoly, we're all forced to oblige.