NewStats: 3,262,147 , 8,176,221 topics. Date: Sunday, 01 June 2025 at 12:13 AM 2i6m15

The Rice Processors Association of Nigeria, RIPAN, has agreed to slash the price of 50kg bag of processed rice to N19,000 effective December 14, 2020.

DAILY NIGERIAN gathered the current market price ranges from N28,000 to N30,000 per bag.

The decision is coming after hike in rice prices occasioned by hoarding and closure of the nation’s land borders by the Buhari istration towards boosting self-sufficiency.

Since the ban on rice import, some persons have been engaging in buying and storing the paddy, making huge profits.

Worried by the rising prices, the RIPAN in collaboration with the Central Bank of Nigeria, CBN, on Tuesday set up task force headed by the Managing Director of Tiamin Rice, Aminu Ahmed, to monitor and ensure compliance with the new price regime.

In an interview with DAILY NIGERIAN after the meeting, Mr Ahmed said RIPAN has agreed to peg the price at N19,000 in order to the federal government in its efforts to ease hardship in the country.

He said the rice processors have also pegged the price of paddy at N160 per kg or N160,000 to 165,000 per tonne. According to him, once the prices of paddy crash, the price of processed rice would also crash.

https://dailynigerian.com/hoarders-trouble-nigerian-rice/

Story

.. This news is worse than the death penalty to wailers..

Watch them invade this thread with: "it's a lie!", "lie Mohammed", "propaganda!", "story", etc..

Trust me, these wailers are not just pathetic, they're evil. Yesterday made me realize this truth.. I was having a discussion with one of my neighbors, Nnamdi, yesterday when he told me something that shocked me so greatly. He said that if God should ask him to kill his father, mother, brothers and sisters as the only condition to make President Buhari to resign, that he would accept. I asked him why, he said because Buhari is a devoted Muslim and he doesn't like him naturally.

Of course, his reasons were nonsense to warrant such a deathly and heartless fate for his own family. Guys, that was why I ended our relationship cos he might murder me one day for having a different opinion.

I just hope our Nairaland Buhari's haters are not like that else, e no go good.. May God help us all.

Omo rice don't done for Christmas ....

But shame to some few individuals exploiting fellow Nigerians and blaming government

Good.
Why are we making life so unbearable for ourselves? I bought a bag of rice at Owode-Idiroko at N13,500.
Anything coming from the north will be so cheap there while costly when it comes to the south and anything produced here is always costly as well.

If we can get quality rice for the 19k, it will be highly commendable. But if it is low quality rice,
I'd prefer getting the high quality brands at a higher price.

U mean stone rice?
The question should be, why are people going for imported rice instead of the local despite the high price

Goodnews, if implemented.

Rice processors

so what do you now want me to do now?

Audio.

Even the country is a scam....

Scam

Sit down look!!! Good idea

Anything about Nigeria FG news, the reverse is always the truth.

Good news to some and bad news to some
Anyway stone rice I sweeter than the normal rice

Erm any news for onions

Pls no one should quote me
I'm having chest pain all over my body



Don't forget to hit like if you're addicted to nairaland.

Eeiyaa contrary to their expectations. This can be very painful though.

What a huge loss.

SilverNorGold:
.. This news is worse than the death penalty to wailers..

You are still using the word wailers even while you are suffering untold hardship. Won't the wailers be happy to buy the rice cheap?

No be bad news.. it's a good start. Please something should be done about tomato paste.

wow.

He's hiding in Aso Rock


He is the chief terrorist



Can someone remind me his name?

Wahala be like bicycle

lol, very funny

OK

Good one, this will definitely reduce the price of rice and in turn reduce hardship many are going through in this country if well implemented.... lemme wait first....

This govt don too do us sotay we no dey rejoice for good news cos las las e fit still be audio

I hope this is true

As if I care.....useless people

Dem wan begin fix price of rice like price of cement

Don't confuse people. Just say "Local Rice"