Ogun Farmers Processing Harvested Rice, To Crash Prices

Ogun Farmers Processing Harvested Rice, To Crash Prices

Rice farmers in Ogun State have promised to crash the prices of locally produced rice within the next few weeks in the state to reduce economic hardships caused by the closure of Nigeria’s border with Benin Republic.

The state chairman of all farmers associations of nigeria (afan) says rice farmers in the state are now processing at the various mills the rice they just harvested from their farms.

Dasaolu assures that the high prices of rice will crash in the next few weeks when more local rice are supplied to markets in the state.

A 50 kilogramme bag of local rice is now selling at prices ranging between 19,000 naira and 19,500 naira, while imported rice, which is in short supply, is being offered for sale at 26,000 naira.

He asked nigerians to support the federal government’s plan to diversify the economy by patronizing locally produced rice in order to encourage farmers in producing more to meet high demand for rice.

The afan state chairman lauds the partnership of the Abiodun administration with the Central Bank Of Nigeria (cbn) under its anchor borrower scheme which, according to him, is assisting farmers with credits and other farm inputs.

READ ALSO: Saudi Warns War With Iran Will Shoot Oil Price To All Time High

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