Federal Government Says, Prices Of Bag Of Rice To Fall By November

The Federal Government on Monday declared that the price of rice would start to fall from November this year.

RICE
The Federal Government on Monday declared that the price of rice would start to fall from November this year.

It stated that more Nigerians had returned to their various farms, adding that at the next harvesting season next month, the price of rice would start to crash.

This came as the government said that the delay in the approval of the 2016 budget had made it impossible to implement the capital expenditure in the agricultural sector.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this while addressing members of the Senate Committee on Agriculture and Rural Development at the headquarters of the ministry in Abuja.

Ogbeh, who stated that the government could not be involved in the importation of rice as speculated in some quarters, stressed that his ministry would not encourage rice importation because it would be detrimental to local production.

He said the Federal Government was against rice smuggling and noted that the Seme border had become a notorious route for the smuggling of contraband products into the country.

“We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production. By November when the full-scale harvest starts, rice prices will fall,” the minister said.

Early last month, the government had warned that the price of rice might hit N40,000 a bag. It is currently being sold around N20,000.

The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, said that the $22bn annual food import bill had led to the astronomical rise in the price of rice and other commodities.

He stressed that if Nigerians failed to produce some of the items being imported before December, the price of rice could skyrocket to N40,000 a bag.

On why the ministry had yet to start implementing its capital budget, Ogbeh said, “It is about now that the capital expenditure is beginning. One of the reasons why money is not circulating is that we need to follow the due process on issues of procurement, advertisement and others.”

According to him, his ministry has spent just N882.58m, representing four per cent of the N21bn budgeted for it in the 2016 Appropriation Act.

He also said, “You may be surprised to know that only six to seven states in Nigeria are showing enthusiasm in agriculture. Some by nature don’t seem interested, while others just can’t connect with whatever we are doing at the federal level.”

Ogbeh further stated that his ministry inherited N67bn debt when the present administration came on board, but added that N20bn had been paid to agro-dealers and distributed 900 million oil palm seedlings to farmers across the country.

First Published By Punch Newspaper

COMMENTS

Name

2Face,1,9Mobile,1,Abia,11,ABU Zaria,3,Abubakar Tsav,2,Abuja,2,Abuja Traders,1,ACTOR,31,Actress,92,Adele,1,ADPA,1,Adultery,1,Africa,218,Airtel,1,Aisha Buhari,12,Akume,7,Akwa Ibom,1,Amazing,284,ambode,19,Amnesty,5,AMVCA,1,Anambra,13,Angela Okorie,1,Anna Banner,2,APC,115,appoinment,1,AREWA,3,Arsenal,2,Aruna Quadri,1,Aso Rock,1,ASUU,2,Atiku Abubakar,36,Audu Ogbe,2,Babangida,1,Bad Girl,15,Bad Girl RIRI,1,Bad Girls,2,Bad Guy,8,Bad Guys,7,Banks,5,Barack Obama,8,Bayelsa,8,BBA Naija,25,BBNAIJA,74,Beautiful Woman,93,Beautiful Women,30,Beauty Queen,40,Beauty Queens,4,Benson Abounu,5,Benue,1353,Benue Assembly,14,Benue breaking news,70,Benue gist,121,BENUE NEWS,235,Benue Pensioners,1,Benue Police,4,Benue Tax,5,Benue Wife,1,Beyonce,38,Biafra,69,Bill Gates,3,BIRS,2,Bishop Usuh,1,Bizarre,3,Blue Ivy,4,Boko Haram,87,Bola Tinubu,20,Book Lunch,1,breaki,4,breaking news,68,British prime minister,1,BSTH,1,BSU,9,bury,1,Business,448,Business man,52,Businesse,1,BusinessWoman,2,CAF,1,Cargo Airport,7,CBN,13,CBN Monetary policy,12,Celebrity,256,Celebrity News,721,Charity,7,Charity Foundation,5,Cheating Partner,2,Chibok Girls,24,Chimamanda Adichie,1,China,7,China Flood,1,Christians,1,Contract scam,6,Corpers,23,corr,1,Corrupt Nigerians,44,Corruption,180,Corruption Trial,190,Cossy Orjiafor,6,Crime,388,Crimes,282,Criminal,22,Criminals,63,Crisis,14,Cristiano Ronaldo,23,cultist,8,Culture,151,Customs,8,Cute Kids,1,Dambazau,1,Dangote,16,Dasukigate,3,David Mark,13,Desmond Elliot,1,Diaspora,1,Dino Melaye,84,Disabled,1,Disaster,5,Disaster.Accident,9,Discoveries,1,Doctors,1,Documents,2,Dogara,22,Domestic Violence,23,Donald Trump,97,Dora Akunyili,1,Drama Queen,1,Drug Abuse,12,Drunk,1,DSS,14,DSTV,2,Ebonyi,1,ECC,1,Edo,15,Edo Decide,13,Edo Polls,26,Education,299,efcc,76,Ekiti,6,Ekweremadu,8,El Rufai,3,El Rufai,48,El-Rufai,5,Elections,7,electrocuted,1,Emir Of Kano,19,Entertainment,2088,enugu,6,EPL,1,Etisalat,6,EVANS,2,Event,34,Events,364,Exchange Rate,21,Facebook,5,Fake Products,1,Fani kayode,33,Fashion,307,Fashola,2,Father Mbaka,14,Fayose,37,FBI,2,FEC,1,Federal Government,35,Fela,3,Female entrepreneur,2,FIFA President,4,FIRS,1,Flood,1,For Tiv,1,Forgery Suit,1,France,7,Fraud,135,Fraud Alert,30,Fulani vs Farmers crisis,61,Fulani vs Farmers crisis Metro,1,Fun,1,Funke Akindele,21,Gambia,1,Games,1,Gay Marriage,17,GEJ,45,Genevieve Nnaji,5,George Akume,10,Germany,1,Ghana,20,Gist,114,Glo Network,2,Godwin Emefiele,2,Goodluck Jonathan,37,Gospel,6,Gosple,4,Gossip,147,Gossips,2137,Governor Fayose,41,Governor Ikpeazu,3,Graphic Designs,6,guest house,1,Halloween,2,Health,58,Health Issues,120,Health Tips,22,HERO,2,Hilary Clinton,28,History,30,hiv,12,Hot Giat,1,Hot Gist,161,Hot Gossips,100,Hot Papi,2,HRM James Ayatse,9,Human Rights,2,IBB,13,Ibrahim Babangida,2,idoma,3,Idoma Day,2,IDP Camp,1,Igbana,1,Igbo,45,Igede Nation,3,Ikyebe,1,ILE IFE,3,Imo State,11,Incest,1,INEC,21,Infidelity,11,Ini Edo,1,Internet Abuse,1,Interview,1,Interviews,76,Islam,14,Ivanka Trump,5,JAMB,20,Jay Jay Okocha,3,Jay Z,11,Jega,1,Jenifer Lopez,2,Jibrin,18,Jide Kosoko,1,Jobs,40,Joe Biden,1,John Dumelo,2,Jokes,14,Jungle Justice,5,Kaduna,52,Kano State,13,Kanye West,5,Kardashian,13,Kardashians,57,Kenya,4,Kidnapper,33,Kidnappers,12,Kim Kardashian,40,Kogi,43,Kwara State,3,Lagos Monarch,8,lagos state,82,Lagos Varsity,4,Land dispute,1,Lassa Fever,2,Latest,10,Latest New,1324,Latest News,3601,Latest News National,1,Legend,29,Legendary,21,Libel Suit,1,Lifestyle,520,Linda Ikeji,11,Lindsay Lohan,2,Lord Terfa Jirgba,2,Louisiana Flood,1,Love,102,Love&Hate,4,Magic Johnson,4,Majid,1,Mariah Carey,19,Marriage,6,Maternty Photoshoot,1,Melanie Trump,3,Mercy Iyortyer,1,Merkel,1,MET Gala,2,Metro,31,Michael,1,Michael Jackson,4,Micheal Jackson,6,Michelle Obama,18,Middlebelt,1,Mikel Obi,17,Militants,12,Military,3,Millitants,4,Mimiko,8,mini,1,Minister,9,MMM,11,Model,12,Models,3,Monarch,1,Most beautiful girls in Nigeria,1,Mothers Day,1,Movies,32,Mr World,2,Mrs Aisha Buhari,47,Mrs Eunic Ortom,4,Mrs Eunice Ortom,4,Mrs Osinbajo,6,MTN,2,Murder,63,Music,140,N-power,6,NABTEB,1,Naira Exchange Rate,26,Nasarawa,3,NASS,15,Nass Scandal,33,National,3047,National Assembly,22,Natural Disasters,6,Navy,3,NBA,1,NCC,1,NFF,1,Ngozi Iweala,4,NIA,4,Nicki Minaj,2,Niger Delta,29,Nigerai,1,Nigeria,407,Nigeria News,790,Nigeria's Economy,20,Nigerian Army,39,Nigerian Banks,9,Nigerian Governors,7,Nigerian Job,7,Nigerian Jobs,118,Nigerian Judge,13,Nigerian Judges,3,Nigerian Lawmakers,18,Nigerian Lawyers,23,Nigerian News,66,Nigerian police,42,Nigerian Senate,155,Nigerian Soldiers,53,NIMC,1,NIS,1,NLC,3,NNPC,2,Nollywood,6,North,7,Notorious Armed Robber,5,Notorious Armed Robbers,2,Nuhu Ribadu,2,NYSC,21,OAU,2,OBA,2,Obanikoro,10,Obasanjo,45,Oge Okoye,2,Ogun,3,Olympics,1,Omotola Jalade,7,Ondo,7,Ondo Polls,40,Oodudua,1,Ooni Of Ife,8,Opinion,161,Opinions,10,Ortom,77,Osinbajo,94,Osun State,23,Overweight,1,Oyo,6,PanamaPaper,1,Pastor E.A. Adeboye,3,Pastor Tunde Bakari,2,Paul Unongo,4,Paul Unongu,2,PaulEnenche,1,PDP,135,PDP Crisis,48,Police Brutality,1,Police Recruitment,5,Politician,102,Politicians,300,Politics,2689,Politics Osinbajo,6,Politics PDP,7,Politics.,377,Politics. Interviews,228,Pope,7,Power Supply,2,Pre-wedding photo,6,Predictions,1,Premier League,1,president,2,President Buhari,444,President Trump,16,Press Release,17,Princess Diana,1,Professor Stephen Onah,1,Prophesy,2,Prophet,3,prophetic,1,QueeDoosh.com,1,Queen Elizabeth II,2,R Kelly,3,Racism,3,rap,7,Rape,5,Rapper,10,Relationship,324,Relationship Tips,18,Religion,293,Rihanna,1,Rio Olympic,5,Rita Dominic,2,Rivers,75,Robert Mugabe,5,Rochas Okorocha,14,Romance,52,Royals,11,Rusia,2,Russia,1,Samsung,1,Samuel Ortom,110,sanitation,1,Saraki,84,Sasha Obama,3,Saudi Arabia,2,Scam,5,Scandal,30,Science,5,Senate,63,Sex & Relationship,288,Sex &Relationship,2,Sex Crime,20,Sex Education,2,sex offender,10,Sexy Mama,20,Sheriff,12,Sira Kante,1,Skills,1,Social Media,11,South Africa,17,Sport,552,Sports,389,SSG,1,Stephen Kershi,1,Style,29,Sucide,9,Suicide,8,Supermodel,12,Suswam,35,Tambuwal,1,Tanzania,1,Taraba State,3,Technology,13,Terkimbi Ikyange,2,Terrorism,76,Terrorist,110,Terwase Akwaza,15,The Voice UK,1,Theft,27,TIV,27,Tiv Culture,13,Tiv Tradition,34,Tiwa Savage,19,Toe Tiv,1,Toke Makinwa,14,Tompolo,2,Tone Makinwa,1,Tony Elumelu,1,Tor Tiv,33,Tor Tiv Stool,25,Tragedy,258,Tragedy Boko Haram,4,Tribunal,1,Tsunami,1,Turkey,1,UEFA,6,Ugbokolo Polytechnic,2,UK,26,UK Parliament,5,UN,1,UNILAG,3,US Election,41,USA,6,Usain Bolt,8,Violence,34,Visa,2,WAEC,4,War of Words,13,Wedding,4,Weird News,5,Wike,24,Wole Soyinka,10,World,6,World News,1183,Writer,10,Writer Opinion,19,Writers Opinion,22,WWE,1,yahoo,1,Yemisi Suswam,2,Yoruba,17,Yusuf,1,Zahra,32,Zimbabwe,1,
ltr
item
Queen Doosh : Federal Government Says, Prices Of Bag Of Rice To Fall By November
Federal Government Says, Prices Of Bag Of Rice To Fall By November
https://3.bp.blogspot.com/-SehPQYh0ev0/V_j0zMrlzgI/AAAAAAAAHmo/v7g6h0a4v7w3EzDK9wdWvaoZpGCfgMuAwCPcB/s1600/rice4.jpg
https://3.bp.blogspot.com/-SehPQYh0ev0/V_j0zMrlzgI/AAAAAAAAHmo/v7g6h0a4v7w3EzDK9wdWvaoZpGCfgMuAwCPcB/s72-c/rice4.jpg
Queen Doosh
http://www.queendoosh.info/2016/10/federal-government-says-prices-of-bag.html
http://www.queendoosh.info/
http://www.queendoosh.info/
http://www.queendoosh.info/2016/10/federal-government-says-prices-of-bag.html
true
7858411382873119497
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy