Chief Anthony Ndubuka, a major rice dealer in Umuahia, has expressed optimism that the price of rice would soon fall in Nigeria.
Ndubuka expressed the optimism in an interview with the News Agency of Nigeria (NAN) in Umuahia on Thursday while speaking 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.
“I am confident that there will be a bumper harvest this year. So, by November, the price of the commodity will definitely come down,” he said.
Ndubuka expressed concern that the astronomical price of rice had made it unaffordable in many homes.
“Rice is a staple food in many families in Nigeria.
“It is children’s favourite, but the commodity has become unaffordable because of its astronomical price,” he said.
He traced the scarcity of rice to the ban on importation of…
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