Prices of locally produced rice have shot up by more than 20 per cent in Hadejia, Jigawa, the News Agency of Nigeria (NAN) reports.

NAN checks at Hadejia and Malammadori markets showed that prices of the commodity have increased significantly in spite of the steady supply of the foodstuff.

A 100-kilogramme bag of local rice now sells for between N29, 000 and 36, 000 as against its previous price of N26, 000, respectively.

A measure of the commodity now sells for between N700 and N900, depending on its quality, as against its old price of N600 and N750, respectively.

Price of beans has also shown similar hike as a measure is sold at N600 as against N500 before.

However, prices of imported rice had indicated a slight decrease, as a 50-kilogramme bag of the commodity now sells at N17, 500 and a measure for N1, 020 as against its old price of N18, 000 and N1, 100, respectively.

Similarly, prices of tomatoes have crashed following improved supply of the commodity, as a basket is sold at N3, 200 as against N18, 000 in the past.

Traders at the market attributed the hikes in prices of rice to growing demand for the stuff.

Alhaji Baba Shehu, a grain dealer, said that prices were moving up on daily basis in view of the growing demand for the commodity.

Shehu attributed the situation to a drastic drop in the importation of rice into the country, adding that the trend had encouraged local production.

“We are witnessing price increase on daily basis due increase in the demand for the local variety of rice,” he said.

Also commenting, Malam Danladi Yusuf, a resident, described the situation as worrisome, adding that rice was beyond the reach of the ordinary man.

Yusuf noted that he preferred local rice but that its high price was a source of concern to the consumers.

Another resident, Malam Isa Gabi, urged the government to adopt practical measures to control inflation and regulate prices in the country.

Source:
http://www.ajayiwrites.com/2017/01/jigawa-local-rice-price-up-by-20.html

Its well..

Lalasticlala

Nothing stays good under this Buhari's administration, it must surely come bad after an attempt at being good.
Worse off, it will come bad in the worse possible way.

what is now the essence of locally produced rice if it is going to be sold at the rate as the foreign rice.....Just Like That

marveangel:
what is now the essence of locally produced rice if it is going to be sold at the rate as the foreign rice.....Just Like That

To increase domestic GDP and policy of diversification of economy. Can't say much for consumers right now.

One day na one day ,mhhhhh

.

Are we supposed to celebrate this?

http://www.areliablesource.xyz/lady-who-spent-thousands-of-naira-on-airtime-trying-to-win-a-sumec-generator-from-mtn-calls-on-ncc-to-fine-the-company-again/

Why is iresi coming up.

what my own

there is just no good news in Nigeria again

Ak47young:
BEWARE any information would reall help

what happened

Only Nigerians can get nigeria out of recession

More states should intensify effort in rice production as it will bring down the price.

Interesting. The only joy about this is that it will increase our domestic GDP and in the long run we'll be better for it. However, government ministries and parastatals need to come in and regulate prices.

john4reala:
what happened

Scammed my bro of 142k

Ak47young:

Scammed my bro of 142k

142k? But I don't think those ID are their real Identity .. looks more like a cloned one

This is madness. this Buhari's govt is just confuse. Why ban importation of foreign rice to improve local rice while at the end of the day the said local rice will be even more expensive than the foreign rice? who local rice epp

Prices will continue to go up until bubu is forced out! As long as he remains... Inflation remains with us like siamese twins

marveangel:
what is now the essence of locally produced rice if it is going to be sold at the rate as the foreign rice.....Just Like That

Hope you read well and see that it is 100KG and not the usual 50KG

Going up
Lake rice

Things are not really improving for the masses...only the rich are still smilling

Why won't the price be high? The country has no comparative advantage in rice production.

Only 3 countries have comparative advantage and they are India, Vietnam and Thailand and that's because they have massive flood plains that make rice production very productive.

What the country has comparative advantage in is cocoa, cassava, I cashew, I millet, I sorghum etc.

If cassava alone was fully developed the country will earn over '$10 billion from its exports and derivatives alone which will easily offset the amount used to import food. It would be a win win.

Instead of developing what you're good at, you focus resources on what you suck at. Countries shine when they focus on what they excel in.

Blue3k:


To increase domestic GDP and policy of diversification of economy. Can't say much for consumers right now.

Factor in all the cost tied to rice importation, production, transport, shipping, duty payment and profit margin for the thailand coy. A rice farmer in nigeria should have discounted about 60% of this cost. So why will the price difference be so meagre?

Buhari is breaking all bad records

Ok

john4reala:
142k? But I don't think those ID are their real Identity .. looks more like a cloned one

Or the picture quality is low. We don't want to give up just yet, besides I don't anyone to fall into their trap and hopefully someone who knows them might see this post