Price of rice to fall as minister meets Osinbajo, Kemi Adeosun

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Lake Rice, locally produced

Concerned about the high price of local rice, the Minister of Agriculture, Audu Ogbeh, on Tuesday assured Nigerians that they will buy the commodity at the right price in the next one month.

To achieve this, Ogbeh said he would be meeting the acting president, Prof. Yemi Osinbajo and the Minister of Finance, Mrs Kemi Adeosun to fashion out ways of reducing the high cost of local rice.

“In the next one month, you’ll have Nigerian rice in the shop at the best price we’ve ever had,” the minister said.

The agriculture minister lamented that imported rice is still cheaper than locally produced rice, despite government efforts to reverse the trend.

Ogbeh attributed this to the fact that most of the imported rice was subsided by foreign governments.

He said most of the imported rice are from Vietnam, India and Thailand.

Thailand subsidises the export…

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