If this report is any to go by with, then we expect the price of rice to drop rapidly in the coming weeks as Rice farmers from Niger and Kebbi State has hit Nigeria market.
According to a social media user who shared the photos, ‘Made in Nigeria’ rice has hit the Nigerian market and it is expectedly selling at lower prices compared to the imported ones.
The poster also shared the caption below:
“Made in Nigeria rice from Niger State at N7,000 only. And by the time the Enugu and Kebbi Rice hit the market next month, expect a price crash”.“Labana Rice from Kebbi state also in the market 50kg bag sells for N13, 000 This one is proudlyNigerian”.
“This is a welcome development. Let us be self-reliant as a country,” he concluded.
According to the Central Bank of Nigeria’s statistics, Nigeria spends as much as N1billion in a year in the importation of rice.
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