A bag of rice, which currently sells for N20,500, will drop to N9,000 before December. Lagosians were assured of this by Ganiyu Quadri, a top chieftain of the ruling All Progressive Congress (APC) and Chairman of Alimosho Local Government Area of Lagos state.
Mr. Quadri, who gave the assurance while receiving a delegation of Rotary Club of Akowonjo 9110, led by its District-Governor, Patrick Ikheloa, and President, Shola Abidakun, stressed that the APC administration in Lagos swung into agro-business simply to ensure food security for its people. And that by the end of the year, or first quarter next year, things will change in Lagos.
“Already, we are into agro-business in Kebbi State. We have massive land on which we planted grains, among which is rice, our people’s staple food. And it is expected that the truckloads of rice will storm Lagos soon.
“So, I can assure you that before the end of this year, the price of a bag of rice, which is about N18,000, will drop to N9,000.”
Following the recent ban on importation of rice through land borders across the country by the Nigeria Customs Service,the Lagos government had signed a memorandum of understanding (MoU) with Kebbi state government to produce 70 per cent of Nigeria’s rice demand annually.
Governor Akinwunmi Ambode had said that the future of the State was tied partly on food security. Lagos State is the largest consumer of food commodities in Nigeria by virtue of its population. It also has the required purchasing power and an estimated consumption of over 798,000 metric tons of milled rice per year which is equivalent to 15.96 million of 50 kilogramme bags with a value of N135 billion per annum.