Minister of Agriculture and Rural Development, Muhammad Nanono, has decried the high cost of rice in the country.
He explained that production of 50kg of rice cost N10,500 hence should not sell more than N15,000 in the market. Nanono noted that the border closure had resulted in increased output by rice milling plants in Nigeria, adding that the boost would reduce the high rate of unemployment in the country. He 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.
NigeriaGov How much are you people selling fertilizer?
NigeriaGov As we made rice in Nigeria the bag should be less than 15k
NigeriaGov What's d cost of production
NigeriaGov Mumu people
NigeriaGov We don't even know where to start from in this country fuc
NigeriaGov What! Sir is it you or another one talking. I thought you said there is no hunger in Nigeria. You guys won't stop amazing us. Hypocrites
NigeriaGov 100% Nigerian, price ₦15,000. Very affordable long grain quality products
NigeriaGov JayMajor514 aeon07 see another one.. I think I'm done with social media.. till further notice..
NigeriaGov What were these people expecting when they closed borders?
NigeriaGov You monopolize the market without price controls. But it not your fault, but voters.
NigeriaGov But is the rice being produced by Nigerian farmers enough for consumption of Nigerians? NO! It is a simple matter of supply and demand. It is wrong for government to ban importation of foreign rice, when we cannot produce rice enough to go round in Nigeria.
NigeriaGov Talking from both sides of his mouth
NigeriaGov Which one did you cultivate? The ministry should live by example, cultivate hectares of rice to reduce its cost.
NigeriaGov Dear minister, it took too long before you could react to to high price of rice.
NigeriaGov Shebi una close border and give them give them monopolistic power
NigeriaGov There is 30 naira rice in kano
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheNationNews - 🏆 6. / 69 Read more »
Source: SaharaReporters - 🏆 9. / 63 Read more »
Source: SaharaReporters - 🏆 9. / 63 Read more »
Source: SaharaReporters - 🏆 9. / 63 Read more »
Source: SaharaReporters - 🏆 9. / 63 Read more »
It’s unpatriotic to sell rice above N15,000 –MinisterLike they can provide us something better than that price. Yen yen yen yen When will our leaders stop lying
Source: MobilePunch - 🏆 8. / 63 Read more »