– FG says that the price of rice would start to fall from November this year as more Nigerians have returned to their various farms
– Minister of Agriculture Chief Audu Ogbeh says that the government could not be involved in the importation of rice as speculated in some quarters
– He says that his ministry would not encourage rice importation because it would be detrimental to local production
The federal government has said that the price of rice would start to fall from November this year.
According to the government, more Nigerians have returned to their various farms and by the next harvesting season in November, the price of rice would start to crash, The Punch reports.
However, the government said that the delay in the approval of the 2016 budget had made it impossible to implement the capital expenditure in the agricultural sector.
Price of rice expected to drop soon, the minister of agriculture assures
READ ALSO: Ghana begins fuel exports to Nigeria, other W’Africa nations
Chief Audu Ogbeh, the minister of agriculture, disclosed this while speaking to members of the Senate Committee on Agriculture and Rural Development at the headquarters of the ministry in Abuja on Monday, October 10. Ogbeh, who stated that the government could not be involved in the importation of rice as speculated in some quarters, stressed that his ministry would not encourage rice importation because it would be detrimental to local production. He noted that the federal government was against rice smuggling and noted that the Seme border had become a notorious route for the smuggling of contraband products into the country.
– Minister of Agriculture Chief Audu Ogbeh says that the government could not be involved in the importation of rice as speculated in some quarters
– He says that his ministry would not encourage rice importation because it would be detrimental to local production
The federal government has said that the price of rice would start to fall from November this year.
According to the government, more Nigerians have returned to their various farms and by the next harvesting season in November, the price of rice would start to crash, The Punch reports.
However, the government said that the delay in the approval of the 2016 budget had made it impossible to implement the capital expenditure in the agricultural sector.
Price of rice expected to drop soon, the minister of agriculture assures
READ ALSO: Ghana begins fuel exports to Nigeria, other W’Africa nations
Chief Audu Ogbeh, the minister of agriculture, disclosed this while speaking to members of the Senate Committee on Agriculture and Rural Development at the headquarters of the ministry in Abuja on Monday, October 10. Ogbeh, who stated that the government could not be involved in the importation of rice as speculated in some quarters, stressed that his ministry would not encourage rice importation because it would be detrimental to local production. He noted that the federal government was against rice smuggling and noted that the Seme border had become a notorious route for the smuggling of contraband products into the country.
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