Bag Of Rice May Sell For 40K By December – Minister Of Agriculture


The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that a bag of rice could be sold for N40,000 by December if Nigeria fails to start producing rice.

Speaking during a town hall meeting in Yenagoa, Bayelsa State on Saturday, Lokpobiri, said that Nigeria spends about $22 billion a year on importation of food into the country.

Also See: See Expensive Food Stuff Lagosians Will Buy At N9,000 Per Bag Before December

“For your information, we spend about $22bn a year importing food into Nigeria. We know how many more dollars they bought and that is why you see the price of rice going up.

“Price of rice was may be N12,000 some months ago, but it is now about N26,000 and if we don’t start producing, by December it could be N40,000.

He said rice matures in three months and thus, it is a wake up call for Bayelsan people to take the four farms in the state seriously.

“The Federal Government has four farms in the state in our records. The average land you see in Bayelsa can grow rice, so the colonial masters were not wrong in their assessment when they said Niger Delta could feed not only Nigerian but also the entire West Africa sub-region.”

He said the states in the Niger Delta had yet to give priority to agriculture the way the North-West states such as Kebbi, Jigawa, Kano as well as other states like Lagos, Ebonyi, Anambra, prioritised it.

Cups of rice

He urged the state to emulate state like Anambra, which was not owing salaries despite the fact that it does not have oil but raking in money by merely exporting vegetables.

The price of rice which has been on a steady rise, again skyrocketed as the sallah celebration drew near. A bag  now sells between N23,000 – N26,000 depending on the brand, while a custard bucket now  sells for N2000.

Also See: Nigeria’s Kanayo Nwanze Wins $100,000 Africa Food Prize Award

Traders attributes the exorbitant prices to the high rate of dollar and the restriction placed on importers of certain food items.