Local rice farmers claims the price of rice will drop as low as ₦6000 per bag.
According to the president of Rice Farmers Association of Nigeria, RIFAN, Alhaji Aminu Goronyo, the price of rice is expected to drop to as low as ₦6000 within the next six months.
Speaking with The Nation during the weekend, Goronyo said farmers have increased the production of local rice and this will lead to downward changes in the current price.
He claimed rice was being traded for as low as ₦10000 in some states in north and that the increase in demand has also motivated the farmers.
Goronyo also noted that more farmers are now taking advantage of the Central Bank of Nigeria (CBN)’s Anchor Borrowers Programme and that his association was marshalling more farmers to partake.
“We are going to assist the Federal Government to produce more than enough rice. It is part of the plan to bring down the price of rice. There are several efforts that we are making to see that in no distant time, this price of rice will come down for Nigerians to have access to affordable milled rice.
“The strategy entails expansion of areas under rain fed farming and irrigation, reduction of post-harvest losses through mechanisation, improved seed production systems and market development improvement among others,” He said.
The RIFAN president said he expects the price will continue to drop in order to make it more affordable to Nigerians.
No comments:
Post a Comment
Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of TFB News