The Federal Government has revealed that the price of rice would start to fall from November this year as they plan to boycott importation of rice.
Speaking at a meeting with members of the Senate Committee on Agriculture & Rural Development on Monday, Oct. 10, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said:
‘We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production. By November when the full-scale harvest starts, rice prices will fall.’
Meanwhile, early last month, the government had warned that the price of rice might hit N40,000 a bag. It is currently being sold around N20,000.
