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Nairaland Forum / Nairaland / General / Food / Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit (10506 Views)
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Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Blue3k2: 2:22am On May 23, 2019 |
Nigeria's government is still pursuing the line that its rice self-sufficiency programme is a success, despite startling evidence to the contrary. Source: https://www.theafricareport.com/13228/nigerias-obsession-with-rice-and-the-bottomless-subsidy-pit/ 11 Likes 3 Shares |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by anonimi: 2:45am On May 23, 2019 |
On 21 May, Nigeria’s Premium Times released the results of a comprehensive investigation that showed the ABP had, in fact, spectacularly failed. An overwhelming majority of farmers had failed to pay back their loans. Another fraction never received the money. It is terrible what is going on with the failures in Aso Rock who use aggressive propaganda and sharing of crumbs to poverty-stricken folks to cover up for their looting and failure. Terrible! www.nairaland.com/attachments/4180477_1392483210143001453357818500537568220443822n_jpeg744fcdbcdbc4f5b147d46800faffe62b 6 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Blue3k2: 4:11am On May 23, 2019 |
The Bank of Agriculture announced it was joining forces with the Economic & Financial Crimes Commission to chase loan defaulters. As at the time of writing, there has been no major headway on this. This would be an interesting FOI request. What're the loan requirements. I i want to know the percentage of defaulters, what states and why. In 2018, it also approved a N60bn ($222m) subsidy programme to drive down the price of rice in the market. Lol if Nigeria subsidizes rices, ban imports and provides low interest loans and smuggled rice is still cheaper it's gameover. 17 Likes 1 Share |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by helinues: 5:34am On May 23, 2019 |
Rice Rice Rice.. Rich man food in Nigeria. More than average Nigerians eat Rice every Sunday |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Randy100: 10:46am On May 23, 2019 |
The topic should be Nigeria women obsession with rice, I am still in love with pounded yam with Egusi 1 Like |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by mattonnairaland: 10:46am On May 23, 2019 |
Rice is a celebrity food in Nigeria, in those days it's cooked only on Sundays 1 Like |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Hintona(f): 10:46am On May 23, 2019 |
Rice is life |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Nobody: 10:46am On May 23, 2019 |
According to a representative of the Rice Farmers Association of Nigeria, “farmers collected loans and they thought it was national cake being distributed to them. There were some local government chairmen in the north that told them that they shouldn’t bother themselves to pay the money because, when they visited their farms, there wasn’t anything to show for the money they got.” That is the crux of the matter....and also why agricultural loan programmes don't work in Nigeria. The people and the government are corrupt. 12 Likes 1 Share |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by andysmith123(m): 10:47am On May 23, 2019 |
who eles cannot do without rice for a week? 1 Like |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by otokx(m): 10:48am On May 23, 2019 |
Quite sad |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by adecz: 10:48am On May 23, 2019 |
One thing about Buharis govt is that they love lies & govern by lies. If you want to remain relevant in his Cabinet or as an appointee, you must learn how to lie or you get shut out or dumped. The main characters the deserve special mention and accolades for lying are C In C ....... Boko Haram is technically defeated *Liar Mohammed .... Information *Fashola. ...... Works & Darkness *Audu Ogbe (Brazilian grass).... Agriculture. *Defense minister... So irrelevant, I don't even know him. *Ngige..... Labour & creator of millions of jobs. *Health minister.... Another irrelevant colorless man. *Amaechi...... Tok, Tok Minister of T P. And others, too numerous to mention. The dangerous issue about such people is that they are not even aware they are lieing. Unless God intervenes, we are facing another 4 years of NeXt LeVeL of lies. 5 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by IvarTheTerrible: 10:49am On May 23, 2019 |
I am not anti Hausa but i can assure you those Katsina farmers getting government loans will use them to marry more wives. 7 Likes 1 Share |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by grandstar(m): 10:49am On May 23, 2019 |
I'm going to love this article. Nigeria has no comparative advantage in rice production hence naturally for it to be imported. The problem has never been producing rice. The problem has been producing competitively . Rice smuggling is costing the government billions of naira in import duty. I'm sure if import duty on rice was 20%, the FG could easily earn revenue of a N100bn or more. Instead, the government is wasting tens of billions on the same product.SMH 7 Likes 1 Share |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by leofab(f): 10:49am On May 23, 2019 |
If we nor eat rice wetin we gain? 2 Likes
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Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Celestyn8213: 10:50am On May 23, 2019 |
Our government and their lies... We dey watch 3 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by indigenous234(f): 10:51am On May 23, 2019 |
Unserious people.... 2 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by chidi2pus(m): 10:52am On May 23, 2019 |
Lord, forgive me for voting in APC in 2015 I never knew hypocrisy could attain a whole new level effortlessly, with impunity. 4 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by donogaga(m): 10:52am On May 23, 2019 |
Foreign rice is poisonous indeed. Lol. Obviously, this is a lie from the pit of hell. This government tend to lie a lot just to score cheap points. They will continue to lie. Nonsense and ingredients. 4 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Nobody: 10:53am On May 23, 2019 |
Im eating Rice as am typing |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by careytommy37(m): 10:55am On May 23, 2019 |
Nigeria's government is still pursuing the line that its rice self-sufficiency programme is a success, despite startling evidence to the contrary. 3 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by sotall(m): 10:56am On May 23, 2019 |
Just look at how APC's propaganda is been revealed in 5D. Farmers collected government loans and thought it was national cake being shared 3 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by mosho2good: 10:57am On May 23, 2019 |
A man can be in UK and not OK, he can live in US and still be USELESS. All good things come from ABOVE not ABROAD 2 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Nobody: 10:59am On May 23, 2019 |
Blue3k2:they are wasting their time.fix oil and gas first and diversification will come naturally. They won't hear. You cannot beat Asians with rice production because they have capacity,not some men fooling themselves in some 1000sqm rice mills And fcfa is even dropping by the day ooops!smugglers just won again 1 Like |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by tomdon(m): 11:00am On May 23, 2019 |
This government is insincere. Other countries that subsidize agriculture have evidence to support their achievement. Here the government is distorting facts. I don't even know what the Nigerian milled rice looks like but I heard it is of low quality 2 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Nobody: 11:03am On May 23, 2019 |
Eating chaff in the name of rice. 1 Like |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Champneys: 11:06am On May 23, 2019 |
Deceit and propaganda will never travel far. A robust snapshot of the failure of this administration's agricultural policies and initiatives. I repeat, Buhari and APC have nothing to offer Nigerians, they will not move Nigeria forward. 2 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by BackToLife: 11:08am On May 23, 2019 |
Wow! Wow!! Wow!!! This is deep. mosho2good: I'm glad I tried it, I'm really enjoying it. As appreciation, I want to say a big thank you to the guy offering this 4 Likes 1 Share |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by Realdeals(m): 11:12am On May 23, 2019 |
I know these long ago, the question I usually ask those arguing Buhari fake rice revolution is that how many of them have local rice in their house, amazingly none of them do 3 Likes |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by anonimi: 11:12am On May 23, 2019 |
tactius: .......because the people are their government? The people own the government? The government is there for as long as the people want it to be there? The people's values are reflected in the government? Etc, etc, etc 1 Like |
Re: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by omohayek: 11:18am On May 23, 2019 |
Subsidizing agriculture would still make no economic sense even if corruption and incompetence weren't an issue: an obsession with eliminating all imports, even of things in which one has no comparative advantage, is as ridiculous as an in-demand musician turning down well-paying jobs so he can stay home and do all his own cooking, cleaning and ironing in the name of "avoiding waste". Such an approach betrays a complete lack of understanding of the concept of "opportunity cost". That Nigeria also happens to suffer from endemic corruption and public-sector incompetence only makes an already terrible situation worse, turning what was already a waste of money into a black hole of destructive spending. Not that any of this matters to the true intended beneficiaries of the scheme - all those who will now get to "chop" their share of "national cake" through fraud and outright theft. 4 Likes 3 Shares |
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