Sponsored
News

Why Price Of Locally Made Rice Is High In Lagos – Sanwo-Olu’s Aide

Sponsored
Sponsored
SHUKROH BUSARI
The Special Adviser to the Lagos State Governor, Dr. Oluwarotimi Fashola, has explained why the price of locally made rice is high, stating inconsistency in rainfall as one major factor affecting the production of rice in Lagos State.
P.M.EXPRESS reports that Mr. Fashola also stated that intermittent drought, high cost of fertilizer, flooding, insecurity, reduction in land cultivation, poor irrigation system, and diesel were contributing factors affecting rice production too.
He explained that the land areas being used for rice cultivation in 2023 had reduced at the production level leading to an increase in price.
“From 2022 to early this year, Lagos sold Eko rice at N33,000 per 50kg bag but now, it is N43,000.”
“The cost of diesel has risen from N750 to between N1,300 and N1,500 in the North and production has reduced considerably.”
“The land area that we’re growing rice in 2023, right now its production level has reduced. Our land level has returned to what we had in 2015 and 2018 because of insecurity, drought, and flooding,” he explained.
Fashola explained that the above factors had contributed to the high cost of production in addition to the increased cost of fertilizer.
“Farmers cannot even afford fertilizer. Fertilizers that used to be between N10,000 and N15,000 are now about 40,000 per bag.”
Fashola also made it known that paddy was not an imported rice but locally produced.
He said that in Nigeria generally, rice was being cultivated in one production cycle as against three circles due to a lack of a proper irrigated system.
”The production of paddy has reduced considerably, we do not have an irrigation system and we now have inconsistent rainfall patterns as well as intermittent drought that affects rice production.”
Sponsored
Alinnor Arinze

Recent Posts

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

1 hour ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

1 hour ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

2 hours ago

Details of Proposed Constitutional Amendments for the Establishment of State Police And Federal Police

These are the details of proposed Constitutional Amendments for the Establishment of the State Police…

3 hours ago

President Bola Tinubu’s Democracy Day address On Friday, June 12, 2026

Fellow Nigerians Today, we celebrate democracy and the enduring Nigerian spirit. For 27 unbroken years,…

4 hours ago

June 12: Obasa Reaffirms Faith in Democracy, Renewed Hope Agenda, Sues For Peace in APC

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa has reaffirmed his…

4 hours ago
Sponsored