Lagos to Subsidize Price of Rice for Residents


In bid to make the yuletide period an unforgettable experience for its residents, the Lagos state government in alignment to the vision of the federal government’s diversification drive from mono-economy to agriculture has decided to subsidise the price of rice #13,ooo per 50kg for all its residents.

The government said the sale of the rice will take place on the 15th of Dec.2016 in all the 57 LGAs and LCDAs for easy transportation and also to ensure that it is not corned by wrong persons  or used for the wrong purpose.

This was disclosed on Thursday in Lagos at the Lagos Chamber of Commerce and Industry National Agriculture Stakeholders Summit by the Special Adviser on Food Security to Governor Akinwumi Ambode, Mr. Sanni Okanlawon.

He said, “Lake Rice is the acronym of both Lagos and Kebbi States joint product which will be out to the public on December 15 at the rate of N13,000 per 50kg bag, as it is already subsidised by the government.

 he further explained that “The state government has put in place a committee that will ensure that Lagosians have the best Christmas celebration, that is why we are offering the wholesome and well packaged rice.” He also said the rice is the acronym of both Lagos and Kebbi states joint product and it is tagged ”Lake rice’.

The special adviser also said that the state had established a Department of Agribusiness, an Agriculture Trust Fund and Commodity Exchange Market to be set up soon.

Since Nigeria’s unflation took the worst turn, prices of goods and food commodities have increased by more than 150%. Rice, a major staple across Nigeria’s diverse population is getting out of the reach of the poor who depend on the commodity for simple meals.