P
ProfRem
Guest
A major rice dealer in Umuahia, Chief Anthony Ndubuka has expressed optimism that the price of rice would soon fall in Nigeria.
Ndubuka expressed the optimism in Umuahia on Thursday while speaking to News Agency of Nigeria on the high price of the grains in the country.
He said that the grains would become affordable as soon as farmers began to harvest the grains in the next few months.
He said, “I am confident that there will be a bumper harvest this year. So, by November, the price of the commodity will definitely come down.”
Ndubuka expressed concern that the astronomical price of rice had made it unaffordable in many homes.
The rice dealer said that the inability of the local rice producers to fill the gap, caused by the ban by Feeral government compounded the situation.
He said, “This explains why the price of rice in the country has gone beyond the reach of the common man.”
In Umuahia, a bag of local rice now sells for between N18, 500 and N20, 000 as against previous price of N5, 000 and N6, 000.
The imported substitutes cost between N23, 500 and N25, 000 against the previous N8,000 and N10,000.
Source: NAN
Ndubuka expressed the optimism in Umuahia on Thursday while speaking to News Agency of Nigeria on the high price of the grains in the country.
He said that the grains would become affordable as soon as farmers began to harvest the grains in the next few months.
He said, “I am confident that there will be a bumper harvest this year. So, by November, the price of the commodity will definitely come down.”
Ndubuka expressed concern that the astronomical price of rice had made it unaffordable in many homes.
The rice dealer said that the inability of the local rice producers to fill the gap, caused by the ban by Feeral government compounded the situation.
He said, “This explains why the price of rice in the country has gone beyond the reach of the common man.”
In Umuahia, a bag of local rice now sells for between N18, 500 and N20, 000 as against previous price of N5, 000 and N6, 000.
The imported substitutes cost between N23, 500 and N25, 000 against the previous N8,000 and N10,000.
Source: NAN