Importation Wipes Out 90 Rice Mills…
Bags of rice now go as low as 15k??
How much is a bag of rice in your locality?
The Nigerian rice sector, which has attracted significant local and foreign investment, is on the verge of total collapse due to a renewed surge in importation, smuggling and price instability.
If this is anything to go by it means Nigeria is not even close to being self sufficient in terms of food production and conservation. Local Rice farmers are already wailing on downward surge and the importation rise. Same rice farmers smiled to the banks during the Buhari dispensation. Hmmm…govt policies🤔
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