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Nigeria: Buhari Says Price of Rice to Fall After Launch of Pyramids
Premium Times, 18 January 2022
The president launched 13 pyramids of rice paddy. Read more »
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Nigeria: Prices of Rice, Other Food Items to Crash Soon, Buhari Assures
This Day, 19 January 2022
President Muhammadu Buhari has assured Nigerians that prices of food items, especially rice will soon come down. Read more »
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Nigeria: Nigeria Is Becoming Self-Sufficient in Food Production - Buhari
Leadership, 19 January 2022
For President Muhammadu Buhari, the commissioning of rice pyramids in Abuja yesterday is an indication that Nigeria is making steady and assured progress towards self-sufficiency… Read more »
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Nigeria: Nigeria Unveils Massive Pile of Rice Marking Production Progress
VOA, 18 January 2022
Nigerian President Muhammadu Buhari is unveiling a massive pyramid of rice harvested by farmers to pay back bank loans they borrowed to expand their production. Nigerian officials… Read more »
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Nigeria: Farmers Group Says Price of Rice to Fall As Buhari Launches Pyramids
Premium Times, 18 January 2022
The rice pyramids were built with one million bags of rice paddy planted and harvested from states across the country. Read more »
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Nigeria: Buhari Unveils Rice Pyramid in Abuja
Vanguard, 18 January 2022
President Muhammadu Buhari has unveiled a 1.2 million -bag paddy rice pyramid, in Abuja. Read more »
Major Reforms in Nigeria's Rice Production Paying Off
President Muhammadu Buhari has unveiled a massive pyramid of rice harvested by farmers to pay back bank loans they borrowed to expand their production. The rice pyramids project is a collaboration of the Central Bank of Nigeria (CBN) with the Rice Farmers Association of Nigeria (RIFAN) aimed to showcase the government's efforts to boost rice production.
Nigerian officials say the low-interest loans helped more than double the average yield of rice and maize, ending the country's dependence on rice imports. CBN plans to sell the rice at below-market rates to reduce the high prices that consumers have been paying for the staples.
The price of rice, a staple food in Nigeria, began an upward trend when the Nigerian government closed the Seme border between Nigeria and Benin Republic in August 2019. The government said the decision was to strengthen the agricultural sector and curb massive smuggling activities. Meanwhile, the Rice Farmers Association urged Nigeria to leverage this opportunity and export the commodity to other West African nations.
InFocus
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The government has said that it will reopen four border crossing points immediately, more than a year after closing its land borders to curb the smuggling of rice and weapons. It ... Read more »
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Nigeria has overtaken Egypt as the largest rice producer in Africa. Nigeria now produces 8 million tonnes out of the Africa average of 14.6 million tonnes of rice annually. ... Read more »
The rice pyramids project is a collaboration of the Central Bank of Nigeria (CBN) with Rice Farmers Association of Nigeria (RIFAN) aimed to showcase the government's efforts to boost rice production.
