#Financial news

‘Rice pyramid: Nigeria on the path of self-sufficiency’

By Francis Akinnodi

A public opinion expert has advised the Federal Government to ensure reduction in the price of rice.

Former House of Representatives member, Joseph Akinlaja, gave the advice in Ondo while reacting to the one million bags of rice paddy pyramids launched by President Muhammad Buhari.

He explained that the rice pyramid showed that the country was ready to be self-sufficient in rice production and should continue to showcase its achievement in terms of agriculture.

Akinlaja maintained that it was necessary Nigerians benefited with discounted price after processing the rice.

He added that there was the need for a drastic reduction in price of the commodities as soon as it rolled into the market with the cooperation of the millers association.

“I hope that rice would remain the cheapest commodities in the Nigerian market.”

The Hope reports that the rice pyramids were built with million bags of rice paddy planted and harvested from states across the country under the Central Bank of Nigeria (CBN) Anchor Borrower’ Programme.

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