Aliko Dangote is said to
be very happy with this
new development and
progress recorded by his
company – Sources say the price of
rice will crash further
after commencement of
sales Nigerians’ challenges with the
purchase of rice may soon
become a thing of the past as
Dangote Rice is set to hit the
market stalls. According to The Nation, the
management of the rice-
producing company has
commenced the harvest of its
first tranche and Aliko Dangote,
Africa’s richest billionaire, is said to be very happy with the
latest development. Sources within the organisation
informed the business mogul has
expressed satisfaction with the
recent development more
because it will help ease the
pains of Nigerians, who are presently groaning over the
N20, 000 per bag cost of the
commodity. Africa’s richest man, Alhaji Aliko
Dangote, is said to be very
excited about this new
development. The source said: “We are really
excited about the progress so
far recorded in this our rice
projects. Once we commence the
sales of our rice, I can
authoritatively tell you that the price of rice will crash in the
country as we should have
enough, in the next few years
to make importation of rice
non-attractive again into the
country.” Recall that Dangote inaugurated
its 8,000-hectare rice out-
growers’ scheme in Hadejia,
Jigawa state early this year,
when he distributed rice
seedlings to farmers. The scheme is said to help
reduce the level of Nigeria’s
imports and potentially provide
direct and indirect jobs to
about 10, 000 Nigerians. Dangote Industries Limited (DIL)
also recently signed a
Memorandum of Understanding
(MoU) with the ministry of
Agriculture and Rural
Development (FMARD) to invest $1billion (N165 million) on
establishment of fully integrated
rice production and processing
operations across Nigeria. Farmland in Edo, Jigawa, Kebbi,
Kwara, and Niger states
totalling 150,000 hectares have
been penciled down for the
commercial production of rice
paddy. Meanwhile, Ganiyu Quadri, the
chairman, Alimosho local
government in Lagos state has
revealed that the price of a
bag of rice, which is currently sold for N18,500, will drop to
N9000 before December. Speaking after receiving a
delegation of Rotary Club of
Akowonjo 9110, led by by its
district-governor, Patrick
Ikheloa, and president, Shola
Abidakun, Quadri gave assurance that the agro-business scheme
run by the Lagos state
government in Kebbi state will
put an end to the high cost of
foodstuff in the southwest. http://davesblog.over-blog.com/2016/08/hurray-price-of-rice-set-to-crash-further-as-dangote-rice-hits-nigerian-stalls-soon.html

This is a good development. A wake-up call to other billionaire investors in Nigeria to stake their affluence on goods of necessity and help reduce importation. Government alone can't do it all.

This source ehn