Tuesday, 16 May 2017

This Is The Reason Nigeria Produced Rice Is More Expensive Than The Imported Rice - Audu Ogbeh

Mr Audu Ogbeh, the Minister of Agriculture, on Tuesday, gave reasons why Nigeria rice is more costly than imported rice, regardless of government endeavors. Naijapals reports that Mr. Ogbeh, while reacting to inquiries at a Town Hall meeting in Abuja, said one of the real reasons was that a large portion of the transported in rice was died down by the remote governments.

He said the greater part of the foreign made rice are from Vietnam, India and Thailand. Thailand dies down the fare of rice, the clergyman said. He clarified that the foreign made rice touch base at around 9,000 for each pack, and are then sold at about N13,000 per sack to customers dissimilar to the nearby rice sold at about N16,000 per pack.

Mr. Ogbeh additionally deplored the financing costs for cultivating credits. "Our loan fees in this nation is higher that the financing cost in many parts of the world," he said. Another explanation behind the high cost of neighborhood rice, the clergyman stated, is the cost of diesel to run generators in the homesteads.

"Diesel went from N180 per liter to N300," he said. The pastor said the government was exceptionally viewed as about the high cost of nearby rice and he would have a meeting with Acting President Yemi Osinbajo and Finance Minister Kemi Adeosun to talk about rice costs among different matters.

The government through its Anchor Borrowers Program has put billions of naira in helping fundamentally nearby rice agriculturists, with rice being the nation's most devoured nourishment.

"In the following one month, you'll have Nigerian rice in the shop at the best cost we've at any point had," the pastor said.
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