October 11, 2016

Price of rice to experience major slump in the market – FG

Price of rice to experience major slump in the market - FG

The Federal Government of Nigeria has urged Nigerians to not engage in panic buying of bags of rice as the commodity is set to take a price slash before the end of the year.

According to Agriculture minister, Audu Ogbeh who was speaking to the Senate Committee on Agriculture and Rural Development on Monday:

“We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production.

“By November when the full-scale harvest starts, rice prices will fall.”

 

  Share on Google+
Latest updates
Top