Traders Flock To Market As Price Of Rice Goes Flat


Nigeria plans to be food-independent by 2017 and presently, it seems the plan is beginning to materialise as a rice market in the north have recorded a major boom in the past few days.

In a Facebook post by Yusuf Usman Shettima, he uploaded pictures of a busy rice market with the caption:

“This is a rice market somewhere in Northern Nigeria

“As the saying goes, a journey of a thousand miles begins with a step. I strongly believe that Nigeria has to start somewhere and this is a good beginning!

“A measure of rice is being sold in this market for N550 to N700 depending on the quality and its finishing.

“The promise land is not far away!”

This recent turn-around is in accordance with Nigeria’s decision to end the importation of rice before the 2017 draws to a close. the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, announced the decision at an assessment tour of Coscharis Rice Farm in Anaku, in the Ayemelum Local Government Area of Anambra state.

See Also: Nigeria’s Economic Crisis Is Due To Unprepared Leadership – Tunde Bakare

He praised the Central Bank of Nigeria (CBN) for their role in the country by giving a lot of credit support, and also allocating the scarce foreign exchange adding that once a country can provide for itself, then it can achieve anything.

He had said:

“When we go round the country, we begin to have great confidence in our rich endowments and I think Nigeria’s independence is just beginning to be established, because unless a country can feed itself and feed well, every other dream can’t be fulfilled.

“In fact we may stop rice importation sooner than that. It is final word I am telling you, because Nigerians have proven that they can do it and I am proud that I can see this thing in Anambra state.

“People who don’t know Anambra do not even know what potential sexist for agriculture. I am also proud of the role the CBN is playing because they are giving a lot of credit support, even allocating the scarce foreign exchange that we have to a critical sector like agriculture.”

Below are pictures of the rice market:

Traders Flock To Rice Market As Price Of Rice Goes Flat

Read More: Good News??? Nigerian Customs Lifts Ban On Rice Imports




See Again: Good News! Price Of Rice Set To Crash By November