Price of rice not likely to fall soon

Contrary to what the federal government said, the price of rice may not likely fall this month as the price of dollar remains high and local farmers are yet to start milling rice.

As the price of rice went astronomically high like prices of other products in the country, the Minister of Agriculture and Rural Development, Chief AuduOgbeh, declared that the price of rice will start to fall from this month as Nigerians boost local production.

This came as good news to Nigerians who have endured the hardship of inflation since the administration of President Muhammadu Buhari.

However, six days into the month, there is no sign of the price coming down as investigations into the major rice markets in the cities reveal almost the absence of local rice, while foreign smuggled rice is vintagely displayed.

The surprising thing is that the few available local rice in city markets is even more expensive than the foreign ones.

Source: The Nation

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