Some farmers’ associations in Lagos State, on Sunday, predicted an extra drop within the worth of rice forward of the yuletide, following Governor Babajide Sanwo-Olu’s discount of Lagos rice costs.
They mentioned with governments’ assist, costs of rice and different secure meals objects would drop additional.
The Lagos State Governor just lately slashed the worth of Lagos rice from N64,000 to N57,000 per bag.
The Vice Chairman of the All Farmers Affiliation Southwest, Lagos State chapter, Sakin Agbayewa, recommended the state authorities for the strategic transfer.
Agbayewa mentioned the event would doubtless enhance competitors within the sector, additional lowering the worth of rice.
“The Lagos State Authorities pegging the worth of a bag of rice at N57,000 is an efficient improvement.
“And hopefully, we wish to consider that with this aggressive worth and competitors, possibly in a single week or two weeks, the worth of rice will additional drop.
“Presently, the worth of international rice is between N52,000 and N56,000, relying on the place you might be shopping for it.
“If you’re shopping for it very near the border, it comes at N52,000.
If you’re shopping for it from the primary market, it sells between N54,000 and N55,000 per 50 kg bag; the additional value comes from transportation.
“At N57,000 per bag, shoppers are consuming high quality meals.
From production to the milling crops, to processing, to the shelf, market, and shopper, you is likely to be taking a look at one yr,” Agbayewa mentioned.
He added that international imported rice, promoting between N52,000 and N56,000, could have been saved for over three to 5 years and even expired.
“So, if you wish to have a look at worth and high quality, I believe Lagos rice is nice at N57,000.
While you purchase Lagos rice, you might be assured of meals security, dietary worth, and all the pieces it has to supply at that worth.