Price Of Rice Will Fall Next Month- Audu Ogbeh

Concerned about the high price of local rice, the Minister of Agriculture, Audu Ogbeh, yesterday assured Nigerians that they will buy the commodity at the right price in the next one month. To achieve this, Ogbeh said he would be meeting the acting president, Prof. Yemi Osinbajo and the Minister of Finance, Mrs Kemi Adeosun to fashion out ways of reducing the high cost of local rice. “In the next one month, you’ll have Nigerian rice in the shop at the best price we’ve ever had,” the minister said. The agriculture minister lamented that imported rice is still cheaper than locally produced rice, despite government efforts to reverse the trend.

Why Nigeria-produced Rice is More Expensive Than the Imported Ones - Agric Minister Opens Up

Mr Audu Ogbeh

The Minister of Agriculture has revealed the reason why the rice produced in Nigeria is even more costly than the imported ones. Mr Audu Ogbeh, the Minister of Agriculture, on Tuesday, gave reasons why imported rice is still more expensive than locally produced rice, despite government efforts. Premium Times reports that Mr. Ogbeh, while responding to questions at a Town Hall meeting in Abuja, said one of the major reasons was that most of the imported rice was subsided by the foreign governments. He said most of the imported rice are from Vietnam, India and Thailand. Thailand subsides the export of rice, the minister said.