The people who criticize the President for doing backward integration for rice, make me laugh.
Companies importing old rice stock preserved with chemicals from India, Thailand, Indonesia and Malaysia are angry that their business stopped and they lost billions in the process
Companies importing old rice stock preserved with chemicals from India, Thailand, Indonesia and Malaysia are angry that their business stopped and they lost billions in the process
As compared to small holder farmers, suppliers of chemicals as herbicides and pesticides, blenders of fertilizers, the paddy stems, aggregators, obligors, loan issuing houses and everyone in the value chain that now have financial value from a $3bn per year industry.
It’s better you come out with your chest & say your importation & smuggling business stopped, rather than say the President is wasting his time doing backward integration for rice
The primary reason the prices are still high is becos the owners of milling plants are not getting
The primary reason the prices are still high is becos the owners of milling plants are not getting
the amount of paddy they require as demanded from the market to process. This will balance out overtime and the prices will drop when supply equals demand or exceeds it.
Rice is the most consumed food in Nigeria followed by bread, and Nigerians controlling that value chain
Rice is the most consumed food in Nigeria followed by bread, and Nigerians controlling that value chain
is a good thing. Tell the foreign Governments and their business sponsoring this silly propaganda against the Nigerian government for ensuring the country doesn’t have to depend on their imports of the commodity again, that they lost this battle.
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