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Home Economy

It’s unpatriotic to sell rice above N15,000 –Minister

thescript by thescript
March 2, 2020
in Economy
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The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said it is unpatriotic for rice producers to sell a bag of rice at above N15,000.
Nanono said that with paddy rice sold at N8,500 and cost of processing N2,000, it was exploitative for the product to be sold for between N17,000 and N18,000 per bag.
The minister, according to a statement from the ministry, said this during a working visit to rice farms and mills of
Stallion Group Popular Farms and Mills Limited.
Source: Punch Newspaper

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