JUST IN: Lagos govt unveils sales of rice at N20,000 per bag
The Lagos State Government says it will begin the sales of rice before Christmas celebration to residents in collaboration with Kebbi Government and Central Bank of Nigeria (CBN).
The Commissioner for Agriculture, Ms Abisola Olusanya, told newsmen on Monday in Lagos that about 100,000 bags of 50 kg were being expected for sales at N20,000 per bag.
“We are intervening in the area of availability of rice for the festive season, and it will be sold at N20,000 per bag.
“The most important thing is that we have rice available, be it Lake Rice or other brands,” she said. Olusanya said that the delay in the sale was due to the process of production.
“During the festive season, millets have to be polished, mill, and processed before rice will be available.
“It’s not that rice is not available in the market, but the price points are a bit high.
“The rice has started arriving as at last week, and we are expecting much more in the next couple of days.”
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