Nanono said that with paddy rice sold at N8,500 and cost of processing N2,000, it was exploitative for the product to be sold for between N17,000 and N18,000 per bag.
The minister, according to a statement from the ministry, said this during a working visit to rice farms and mills ofNanono noted that the border closure had resulted in an increased output by rice milling plants in Nigeria, adding that the boost would reduce the high rate of unemployment in the country.
The minister said with the improved production rate, Nigerian rice was bound to compete favourably in the global market the moment the country begins to export the product. The minister said, “I see no reason why a 50kg bag of rice should be sold for N17,000. The same paddy rice is sold at N8,500 and maximum processing expense is N2,000, making a total of N10,500. It is unpatriotic to sell a bag more than N14,000 to N 15000.”He said the ministry would convene a forum for all relevant stakeholders in the rice sub-sector to dialogue on how to improve on rice seedlings, among issues.
In his remarks, the Managing Director, Popular Farms and Mill Limited, Mr Amit Rai, stated that the firm had invested over $70m to boost production of agribusiness, especially rice and sesame in Nigeria.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
By C okjmoogm. Cv cv ng mm open
The sad part is you still have to pick this like you beans out of dirt. I think this is done on purpose beans doesn't even have much stones as these rice produced
It's more unpatriotic to sell rice above 9500 naira you met it in 2015 Mr Minister.
15k is still high
🤣🤣
Did you give at subsidize price; bulldozers,tractors, seedlings,chemicals, fertilizers and other inputs to all the farmers or selected farmers? You can't dictate prize. Government is to provide the above b4 they can dictate prize.
Then what is the solution?
I agree with you sir. Please tell same to ur peers who steal our commonwealth and stash same abroad🤷🏾♂️
Its unpatriotic to be living like this...
😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 😂 Ooooooooooooo
There is a Solution to achieve N13,000 per 50kg bag of rice Nationwide.
Stone rice🤦🏻♂️
Who is talking pls? What has he done
The Rice he cultivated in his home town
Medicine after dead. There should have been a price control before now on selling of rice.
Na you plant the rice?
Unpatriotic? Call it unpatriotic when rice is still secretly imported into d country by some people and some boarders.
Is the business of selling rice a social enterprise or a capitalistic endeavor?
Just as It is unpatriotic for members of NASS to commit our scarce resources in importing foreign rides ignoring the local brands and our leaders engaging in medical tourism at the detriment of our local health systems.
15000 is still unpatriotic vis-a-vis the level of poverty in this country.
Do something pls sir.
Did you produce?
Nigeria we hail thee
But it's patriotic to collect bribes, inflate contracts, divert govt funds for personal purposes, save money in foreign accounts, deliver below standard services, display cronyism & nepotism in appointments. Pls at the next FEC meeting tell them what is patriotic & not, not us.
It's unpatriotic to believe in a minister that can't tell the truth about the current situation of a country.
Minimum wage is 30k and the minister thinks it's OK to sell a bag of rice for 15k? Mtschewww
How much was the price of rice per bag when your fail administration came in? Could you close your proboscis for once?
How much was the price of rice per when your fail administration came in? Could you close your proboscis for once?
Even is.unpatriotic to sell able 10,000
15K is too much for that quality of rice
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂afterall its a grown in kano
Old story... Now tell me what is the point if we see the problem and can't solve it? If it ain't about the real change don't talk just keep the hell quiet.
Patriotism doesnt put food on the table. It depends on costs incurred (including bribes etc). If the minister wants rice at under N15,000 they need to do the work and put in place fiscal policies to drive prices down. You cant force people to sell at a loss. They just wont sell.
Its unpatriotic not to build roads, owe salaries, fix electricity
It's unpatriotic if you cannot make a 40% drop on the price of all food commodities....
Nonsense minister
MalachyOdo1 Abeg...
Mr minister, why 15,000. pls sell for 6500. that is the price Jonathan left price when he was handling over power to ur govt..
It’s also unpatriotic to seek medical attention abroad when we have lots of medical facilities here at home
It’s unpatriotic to sell it for 10,000 self Something we produce anyhow
Hehehe...ok
It's patriotic to allow rice Miller's and farmers to source their equipment at prevailing market prices but unpatriotic for them to sale at prevailing market prices, right?
It's unpatriotic to prefer imported cars over our locally made cars, London hospital over Abuja hospital.
What a great price control mechanism!
Unpatriotic, but legal.
Basic Economics explains law of demand & supply- The higher the demand, the higher the price. The lesser the supply, the higher the price, vice versa. Nig's Rice Consumption is GREATER than the Market Supply. Mr. Agric Minister, BORDER CLOSURE since AUG. 2019 causes INFLATION👇
It is unpatriotic to promise to make the dollar =to naira yet can't do it. It's unpatriotic to lie that in 6months bokoharm will be destroyed yet nothing, it is unpatriotic to give market women 10k during election time and stop immediately after d elections. Etc
Say God?!!!
This man knows nothing about rice milling, it's a shame he is showing that ignorance to the world.
Good morning minister. Rice sold above N26,000 December 2019. It is in 2020 -- not even in January, it is in March, you woke up from sleep suddenly. badgovernance doesn't pay at all! NaUnaNow
How is it u patriotic, shebi una say una boost their sales and closed the border shame on you people
If it's sane environment ,should rice be sold up to 10,000.Did your govt not meet bag of rice at 8,000 in 2015.
It's unpatriotic to sell our locally grown rice for up to 15,000!
Where is his rice farm or milling plant, so Nigerians can buy from him. Political statement on the premises of lies and deceit.
It's unpatriotic to place the cart before the horse?
The time that's 3,500
He is stupid. Let him know that it's unpatriotic to be stupid, especially when you head a crucial decision making position.
Patriotism won't feed their families, Patriotism won't make the rice grow without necessary fertilizers, Patriotism won't pay the VATs you increased, Patriotism won't keep their farms safe from your sponsored herdsmen..
Na now day break. Come 2023 nobody will vote for u. If u like bring Jesus or Muhammad as ur candidate. Nobody will give you their Vote
It's unpatriotic to band foreign rice and not ban foreign medical trips.
There should be price regulatory body
Why must u sell it for 15k Oga minister the rice should be sold for 7k
Buh it's patriotic to promise and fail It's patriotic to steal billions meant for infrastructure,healthcare, etc.
It unpatriotic and very annoying that govt fails to provide basic amenities that can make farmers compete Lack of high yield seed Lack of modern agricultural machine Lack of extension officer Lack of good roads Lack of good minister of agriculture.
lake rice is 17,500 🤷
That is what happens when you monopolise the source of a product that is a neccesity. Producers would tend to want to maxmimize profit. What did you people think would happen when you closed the borders? 🤷♂️ Bunch of clueless 🤡
Bitches
It's highly unpatriotic for govt not to create a conducive environment for businesses to grow and thrive.
It is unpatriotic for our political office holders not to eat stony rice
They will soon force them to sell it at 12000
It's unpatriotic to close border and hike the price of rice from 8k to 15k.
What's this nonsense.... Hello RICE use to be 7k a bag in this same country, just before you guys stepped in. So you mean, we were all patriotic citizens both (Buyers & Sellers) as at that time. Now I know better.
Can you even imagine 15k for stone poorly manufactured Rice 🤣🤣🤣🤣
It's unpatriotic for it to be sold above 10,000
Imagine this kind statement from a whole minister.....like na Una borrow dem money do business abi?
Awon werey
😂😂
Local rice sold 16500
Unpatriotic? Welcome to Economics 101. You think you can legislate market forces, or practice Economics by Executive Order! Whether subsidised or not, cheaply acquired or not, the free market will set a price by itself. Trouble starts when govt tries to contradict market forces.
Then bring up measures to ensure this
LOL! Same way it's unpatriotic not to provide constant electricity supply for private businesses. As if patriotism will pay multiple punitive taxes, salaries, levies, huge infrastructure deficit costs etc.
And what have they done about it ? Foreign Rice NO Foreign Cars YES, YES YES OOOOO
Itz_iyisam 😂 😂 😂 How much is the cost of paddy rice?
Really!!! Which one is unpatrioticer selling above 15k or smuggling
Shebi na u open the Company for them, useless minister and useless Buhari
It’s unpatriotic for someone to promise Nigerians change😇
followlasg Lake rice
Yamayama yaning. There's no regulation law in Nigeria. Everyone do as they like.
Nigerian rice sellers:
Yeye government ! When you stop importing of quality rice and force people to eat poor local rice simple because you want to promote plating of rice in the country especially in the north.
Unserious Minister
Buharinomics: The economic theorem that goes against all known economic theories.. A worthy PHD research topic at Harvard.
When will our leaders stop lying
Yen yen yen yen
Like they can provide us something better than that price.
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