News
Nigerians To Start Buying A Bag Of Rice For N19,000 Beginning From December 14th
The Rice Processors Association of Nigeria (RIPAN) has announced that the price of 50kg bag of processed rice will be slashed to N19,000, starting from December 14, 2020.
According to Daily Nigerian, the RIPAN in collaboration with the Central Bank of Nigeria (CBN) on Tuesday set up task force headed by the Managing Director of Tiamin Rice, Aminu Ahmed, to monitor and ensure compliance with the new price regime.
Speaking with newsmen after the meeting, Mr Ahmed said RIPAN has agreed to peg the price at N19,000 in order to support the federal government in its efforts to ease hardship in the country.
He said the rice processors have also pegged the price of paddy at N160 per kg or N160,000 to 165,000 per tonne. According to him, once the prices of paddy crash, the price of processed rice would also crash.
It was gathered that the current market price of 50kg rice ranges from N25,000 to N30,000 per bag due to hoarding and closure of the nation’s land borders by the President Muhammadu Buhari administration towards boosting self-sufficiency.
KanyiDaily recalls that the Minister of Agriculture and Rural Development, Sabo Nanono had disclosed that Nigeria is now the largest producer of rice in Africa.
![“I Will Marry Wizkid, Kiss Omah Lay And Kill Davido” - Tacha Akide Reveals [Video]](https://media.kanyidaily.com/2024/04/27184500/PhotoCollageMaker_20240427_161622773-768x384-1-400x240.jpg "“I Will Marry Wizkid, Kiss Omah Lay And Kill Davido” - Tacha Akide Reveals [Video] 10")
![How I Left A Show Crying After Audience Failed To Recognise Me - Fireboy DML [Video]](https://media.kanyidaily.com/2024/04/27163723/Fireboy-DML-5-400x240.jpeg "How I Left A Show Crying After Audience Failed To Recognise Me - Fireboy DML [Video] 14")
Wizkid Trolls Davido With Video Of Him Crying And Begging On His Knees
Gunmen Kill Governor Aiyedatiwa’s Campaign Coordinator In Ondo
Police Probe Death Of VGC Chairman, Gihan Mbelu Found Dead In His Car In Lagos
![“I Will Marry Wizkid, Kiss Omah Lay And Kill Davido” - Tacha Akide Reveals [Video]](https://media.kanyidaily.com/2024/04/27184500/PhotoCollageMaker_20240427_161622773-768x384-1-80x80.jpg "“I Will Marry Wizkid, Kiss Omah Lay And Kill Davido” - Tacha Akide Reveals [Video] 19")
“I Will Marry Wizkid, Kiss Omah Lay And Kill Davido” – Tacha Akide Reveals [Video]
Real Warri Pikin And Her Husband Celebrate 11th Wedding Anniversary
![How I Left A Show Crying After Audience Failed To Recognise Me - Fireboy DML [Video]](https://media.kanyidaily.com/2024/04/27163723/Fireboy-DML-5-80x80.jpeg "How I Left A Show Crying After Audience Failed To Recognise Me - Fireboy DML [Video] 21")
How I Left A Show Crying After Audience Failed To Recognise Me – Fireboy DML [Video]
Sierra Leone Energy Minister, Kanja Sesay Resigns Over Electricity Crisis
Abuja American School Has Refunded $760k Yahaya Bello Paid For School Fees – EFCC
Why Supreme Court Ordered P-Square To Pay Promoter N25 Million
“My House Is Filled Up Already” – Apostle Chibuzor Rejects Boy Dumped At His Residence
!["My Father’s Wealth Was Big Challenge To Me When I Started Music” – Davido [Video]](https://media.kanyidaily.com/2024/04/27094756/Davido-2-80x80.jpeg "\"My Father’s Wealth Was Big Challenge To Me When I Started Music” – Davido [Video] 26")
“My Father’s Wealth Was Big Challenge To Me When I Started Music” – Davido [Video]
Why Tinubu Appointed Jim Ovia As Chairman Of Nigerian Education Loan Fund
Veteran Actor, Ganiyu Oyeyemi ‘Ogunjimi’ Is Dead
Mohbad’s Father Allegedly Pastes Court Order For DNA Test On Wunmi’s Gate
Former Lawmaker And Journalist, Sidi Ali Is Dead
Why We Agreed On N615,000 As New Minimum Wage For Workers – TUC, NLC
“Sanwo-Olu Did Not Announce N70k Minimum Wage Increase” – Lagos Commissioner
“My Hatred For Mohbad Keeps Increasing Even After His Death” – Naira Marley’s Associate
“I Need A Wife, She Must Be Tall, Dark Skinned, Between Age Of 18 To 23” – Speed Darlington
EFCC Asks Abuja School To Refund $845,000 Yahaya Bello Paid For Son’s School Fees
Rihanna And ASAP Rocky Reportedly Welcomes Their Second Child, A Baby Girl
![Tunde Ednut Reacts As Child Comedian, Kiriku Rains Money On Fans From Moving Car [Video]](https://media.kanyidaily.com/2023/05/18112339/Kiriku-80x80.jpg "Tunde Ednut Reacts As Child Comedian, Kiriku Rains Money On Fans From Moving Car [Video] 37")
Tunde Ednut Reacts As Child Comedian, Kiriku Rains Money On Fans From Moving Car [Video]
!["She Ignored Me Despite Being A Star" – Davido Recounts First Time He Met Chioma [Video]](https://media.kanyidaily.com/2023/06/04111700/Davido-Chioma-80x80.jpg "\"She Ignored Me Despite Being A Star\" – Davido Recounts First Time He Met Chioma [Video] 38")
“She Ignored Me Despite Being A Star” – Davido Recounts First Time He Met Chioma [Video]
Hilda Baci Defends Her Dressing, Urges Nigerians To Recognize Her Talents Beyond Appearance
Farouq Gwandu
December 2, 2020 at 6:25 pm
We in kebbi we have not seen àny impact on the Establishment of labana rice and wacot rice we cannot even see the product in our market they prefer to to the rice out of the state than allow the kebbi people to benefit as the rice is being produce in kebbi the two rice mails are useless to kebbi people.
BALA
December 31, 2020 at 8:51 am
Comment*MY DEAR I HELP ME.ME I BIG POOR MAN.ME I BIG FARMER-08070895367