Lagos Govt To Crash Price Of Rice To N13,000 Per Bag

BEVERLY HILLS, December 08, (THEWILL) – As the Christmas season sets in, the Lagos state Government says it will make rice available to residents at a reduced cost of N13, 000 per 50kg bag in the coming weeks.

The state governor, Mr. Akinwunmi Ambode, made this known on Thursday during the 2016 Agricultural Summit organised by the Agricultural Sectoral Group of the Lagos Chamber of Commerce and Industry, LCCI, with theme 'walking hand-in-hand to move agriculture forward’.

Ambode, who spoke through his  Special Adviser on Food Security, Mr. Ganiyu Okanlawon, said the state had entered into a partnership with Kebbi State Government to produce 'Lake Rice' brand, which would be sold to consumers at N13,000 per bag.

The Lagos Governor disclosed that his government had also established a department of agribusiness in the Ministry of Agriculture, the first commodity exchange market in Nigeria, and an agricultural trust fund.

In her opening remarks, the LCCI President, Dr. Nike Akande noted that the agricultural sector was expected to play a pivotal role in the nation's quest for diversification through increased non-oil earnings, job creation and foreign exchange earnings.

“These are needed to drive the economy towards the path of recovery from recession,” she said.

Citing data from the National Bureau of Statistics, NBS, Akande noted that even after the recent rebasing of the nation's Gross Domestic Product, agriculture still accounted for a large share of its economic activities.

The LCCI President urged the government to do more in terms of providing enabling business environment where private sector businesses could thrive, stressing that, “The development of a good rail network to facilitate the movement of agro produce to markets cannot be overemphasised”.