The much expected Dangote Rice is billed to hit the market very soon as the management has commenced the harvest of its first tranche.

Sources within the organisation said Aliko Dangote has been very happy with the news of the harvest, especially as it will be launched in the right time to ease the pains of Nigerians, who currently buy rice at N20, 000 per bag.

“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” the source said.

Earlier in the year, Dangote inaugurated its 8,000-hectare Rice Out-growers’ Scheme in Hadejia, Jigawa State, with the distribution of rice seedlings to farmers.

According to a statement by the group, the scheme, which is part of its partnership with government at all levels to reduce Nigeria’s food imports, has the potential to provide 10,000 direct and indirect jobs.
It said the rice project being executed by the Dangote Rice Limited would be replicated in six other states of the federation.

It said the project was the fallout of a Memorandum of Understanding signed between Dangote and the Federal Government, on the one hand, and the Jigawa State Government on the other.

Dangote lamented that the Nigerian agricultural commodities and food imports’ bill had averaged over N1tn in the past two years, with items such as sugar, wheat, rice and fish accounting for 93 per cent of the amount.

He described the situation as unacceptable, adding that this informed his decision to go into agriculture
According to him, under the Dangote Rice Out-growers Scheme, farmers will be given training and other necessary inputs with guaranteed buy-back at agreed prices.

The Minister of State for Agriculture, Senator Heineken Lokpobiri, was quoted as saying that the Federal Government was ready to support the scheme and make it a success.

It would be recalled that Dangote Industries Limited (DIL) recently signed a Memorandum of Understanding (MoU) with Federal Ministry of Agriculture and Rural Development (FMARD) to invest $1 Billion (N165 million) for the establishment of fully integrated rice production and processing operations across Nigeria. Former President Goodluck Ebele Jonathan presided over the signing of the MoU then.
The company has acquired farmland in Edo, Jigawa, Kebbi, Kwara, and Niger states totalling 150,000 hectares to be used for the commercial production of rice paddy. Dangote has also established a two state-of-the-art large-scale rice mills each with a capacity to mill 120,000 metric tons of rice paddy, bringing total capacity to 240,000 Metric Tons, with plans to double capacity this within two years. With this installed capacity, the project will become the largest integrated rice mill project in Africa.

http://thenationonlineng.net/dangote-rice-hits-market-soon/


See earlier thread here https://www.nairaland.com/3281606/dangote-rice-coming-market-cheap

Has the price fallen already? 'Cos I buy @N150 per cup.

Let the price drop first before you shout hallelujah

Glory be to God!

That's great

Flooding the internet with false information

Useless government, a family of five needs N1300/for lunch with low quality protein.

- Tuber of Yam 1pc : N1000
- Pepper dried : N100
- Onions : N100
- Red oil : N100

Excl gas cost etc

So Dangote is now our saving grace? Hmmmm

APC and Internet propaganda...... we neva see anything..... abi wic market una dey talk?

Waiting

psucc:
Has the price fallen already? 'Cos I buy @N150 per cup.

I wonder o

It was not a surprise to some of us who understand the pain and gains of the change process because Nigeria will bounce back to exceed her former glory.

To those who never saw anything good or wish our dear country to crumble just because their hero failed,to you all I say ndo

Nice one

Aufbauh:
It was not a surprise to some of us who understand the pain and gains of the change process because Nigeria will bounce back to exceed her former glory.

To those who never saw anything good or wish our dear country to crumble just because their hero failed,to you all I say ndo

God bless you dude...they don't know but they would soon know anyway.

To Wailers

till i buy rice cheap
....








all of this is noise

Nice one

Dangote again? I salute this man entrepreneurial brain.
He should just buy up Nigeria biko...kudos to him!!!

Interesting

See propaganda
Until the price of rice crash, I don't believe this story.

Crash further Was it crashing before?? Here in Choba Port Harcourt a rubber of rice is being sold at #2,000. The other day I went to the market to buy rice and I was forced to buy 2 rubbers of garri instead because of the price of rice.

We can't wait... #buyMadeInNigeria

Hate or like him, Dangote is the game changerl!

psucc:
Has the price fallen already? 'Cos I buy @N150 per cup.

Bros for where?

psucc:
Has the price fallen already? 'Cos I buy @N150 per cup.

Haha

Keneking:
Useless government, a family of five needs N1300/for lunch with low quality protein.

- Tuber of Yam 1pc : N1000
- Pepper dried : N100
- Onions : N100
- Red oil : N100

Excl gas cost etc

Your figures are wrong.

okpismart:



http://thenationonlineng.net/dangote-rice-hits-market-soon/


See earlier thread here https://www.nairaland.com/3281606/dangote-rice-coming-market-cheap

to invest $1 Billion (N165 million)

If my eyes aint decieving me, is it 165b naira or million naira.

I just woke up and honestly if 1b usd is now equals to 165million naira I I'll b more than happy. Someone should pls tell me how many decades av slept

good development
.

guys visit this new entertainment site for latest naija music @ http://mp3247.com.ng

To those up stairs hailing the propaganda government in place, this deal was done and sealed by the one the hate most... Gej... The exchange rate tells the fact @165 to a dollar.
Nice development though... A leader sees ahead and plans.
Buhari saving grace is the works of gej that are being manifested today... Eg the train station in kadunA, now the dangote rice...
What's buhari achievement if not travelling without results

I always knew this bogey of rice ban will bust sooner than later !