Bag of rice to sell for N9000 before December

Ganiyu Quadri, chairman of Alimosho LGA, says a
bag of rice which is currently sold for N18,500, will
drop to N9000 before December
– He says the agro-business scheme run by the Lagos
state government in Kebbi state will put an end to the
high cost of foodstuff in the Southwest
– He says the APC govt in Lagos swung into agro-
business to ensure food security for its people
The price of a bag of rice, which is currently sold for
N18,500, will drop to N9000 before December,

according to Ganiyu Quadri, the
chairman, Alimosho
local government in Lagos state.
Speaking after receiving a delegation of Rotary Club of
Akowonjo 9110, led by its district-governor, Patrick
Ikheloa, and president, Shola Abidakun, Quadri gave
assurance that the agro-business scheme run by the
Lagos state government in Kebbi state will put an end
to the high cost of foodstuff in the Southwest

According to the council chief, the All Progressives
Congress (APC) administration in Lagos swung into
agro-business to ensure food security for its people,
The Nation reports.
“By the end of this year, or first quarter next year, things
will change in Lagos. Already, we are into agro-business
in Kebbi state. We have massive land on which we
planted grains, among which is rice, our people’s staple
food. And it is expected that the truck-loads of rice will
storm Lagos soon.
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“So, I can assure you that before the end of this year, the
price of a bag of rice, which is N18,000, will drop to
N9,000.”
However, Quadri regretted the financial strains in which
councils found themselves.
He said one of the mandates of sole administrators
was to see how they could pay up debts owed by
councils.
The bold declaration from Quadri comes just days after
an investigation showed how the prices of food items
have crashed in Hadejia, Jigawa state.

According to NAN, the crash in food price is as a result
of ‘a significant increase in the supply of agricultural
produce to the market’.
The investigation by NAN on Tuesday, August 23, at
Hadejia market, showed that food prices were down by
about 30%. Now, a bag of millet goes for N14, 000 as
against N18, 000 while a bag of paddy rice went for
N8, 500 as against its previous price of N11, 000.
Maize and sorghum were sold at N11, 000 and N13,
000 down from their old prices of N15, 000 and N17,
000, respectively.