This Is The Reason Nigeria Produced Rice Is More Expensive Than The Imported Rice - Audu Ogbeh

at 04:27 PM, 16/05/2017 (1 year ago)
(7444 | Gistmaniac) (f)

Mr Audu Ogbeh, the Minister of Agriculture, on Tuesday, gave reasons why Nigeria rice is more expensive than imported rice, despite government efforts.
Naijapals reports that Mr. Ogbeh, while responding to questions at a Town Hall meeting in Abuja, said one of the major reasons was that most of the imported rice was subsided by the foreign governments.
He said most of the imported rice are from Vietnam, India and Thailand.
Thailand subsides the export of rice, the minister said.
He explained that the imported rice arrive at about 9,000 per bag, and are then sold at about N13,000 per bag to consumers unlike the local rice sold at about N16,000 per bag.
Mr. Ogbeh also lamented the interest rates for farming loans.
“Our interest rates in this country is higher that the interest rate in most parts of the world,” he said.
Another reason for the high cost of local rice, the minister said, is the price of diesel to run generators in the farms.
“Diesel went from N180 per litre to N300,” he said.
The minister said the federal government was very considered about the high cost of local rice and he would be having a meeting with Acting President Yemi Osinbajo and Finance Minister Kemi Adeosun to discuss rice prices among other matters.
The federal government through its Anchor Borrowers Programme has invested billions of naira in assisting mainly local rice farmers, with rice being the country’s most consumed food.
“In the next one month, you’ll have Nigerian rice in the shop at the best price we’ve ever had,” the minister said.


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Mykie010 at 04:52 PM, 16/05/2017 (1 year ago)
(6429 | Gistmaniac) (m)
Thunder fire u there,why can't u people subsidize like vietnam
Reply
Aniagain at 05:33 PM, 16/05/2017 (1 year ago)
(1557 | Gistmaniac) (m)
Shit, too many shits in Nigeria

Reply
dankinalo at 05:55 PM, 16/05/2017 (1 year ago)
(43 | Newbie) (m)
the reason you just hate to see any politician alive
Reply
schmit at 05:56 PM, 16/05/2017 (1 year ago)
(11845 | Hero) (f)
Yeye people dem no get anything to offer
Reply
Twise400 at 06:22 PM, 16/05/2017 (1 year ago)
(42 | Newbie) (m)
foolish set of people
Reply
benosky4 at 07:49 PM, 16/05/2017 (1 year ago)
(4884 | Gistmaniac) (m)
Dumb heads in sensitive offices.

Reply
AmazingMarie at 10:29 PM, 16/05/2017 (1 year ago)
(12065 | Hero) (f)
imagine strategy for Asian market we are here not doing anything to beat them to it
Reply
Jeonleon at 11:15 PM, 16/05/2017 (1 year ago)
(789 | Upcoming) (m)
I actually agree with what the man is saying. The existing system can't allow for subsidization of rice. No constant electricity nor good roads to aid the farmers...
Reply
morgan1 at 11:26 PM, 16/05/2017 (1 year ago)
(10681 | Hero) (m)
sEE MADNESS?Huh?
Reply
DAMILARE100 at 08:11 AM, 17/05/2017 (1 year ago)
(4828 | Gistmaniac) (m)
Every Nigeria problem is associated with power supply. We don't need this administration to pursue 7 agendas. I prefer they rather focus on a agenda which is POWER.
   High telecom tariff, inadequate locally produced goods, discouragement of entrepreneurship etc are all as a result of unavailability of power supply.   
Reply
gogoman at 10:42 AM, 17/05/2017 (1 year ago)
(31873 | Addicted Hero) (m)
una dey mad
Reply
Larry28 at 05:17 PM, 20/05/2017 (1 year ago)
(16535 | Hero) (f)
 Roll Eyes Roll Eyes Roll Eyes
Reply

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