FG - Price of Rice to Fall Before the end of November

New Report from the Federal Government predict the fall of rice before the end of November this year as the government still insist to turn its back against Rice Importation.

Speaking at a meeting with members of the Senate Committee on Agriculture & Rural Development on Monday, Oct. 10, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh,

said:

‘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.’ Meanwhile, early last month, the government had warned that the price of rice might hit N40,000 a bag. It is currently being sold around N20,000

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About Oluwaseun Oladoja

A Computer Science Student, Writer, Serial Entreprenuer with love for infotech. Editor-In-Chief and Director of Brand NewsReportage.com.ng