Dangote Rice To Crash The Price Of Rice From #19500 to #9000 Before December

The price for a bag of Rich which has resently increase by %100 making it so difficult for an average nigeria to buy even a cup of rice which is currently sold at #150 per cup has made life so diffficult for the nigerians .
If the News reaching naijapops online is anything to hold off, the challenges with the purchase of rice may soon become a thing of the past as Dangote Rice is set to hit the market.

The much talked about Dangote Rice from one of the many companies owned by billionaire and Africa’s richest man, Aliko Dangote , is expected to hit the market as soon as the management of the rice-producing company has commenced the harvest of its first tranche and Aliko Dangote, Africa’s richest billionaire, is said to be very happy with the latest development.

Sources within the organisation informed the business mogul has expressed satisfaction with the recent development more because it will help ease the pains of Nigerians, who are presently groaning over the N20, 000 per bag cost of the commodity.

Recall that Dangote inaugurated its 8,000-hectare rice
out-growers’ scheme in Hadejia, Jigawa state early this
year, when he distributed rice seedlings to farmers.
The scheme is said to help reduce the level of Nigeria’s
imports and potentially provide direct and indirect jobs to
about 10, 000 Nigerians.

Farmland in Edo, Jigawa, Kebbi, Kwara, and Niger states
totalling 150,000 hectares have been penciled down for the
commercial production of rice paddy.

According to naij, The source said: “We are really excited about the progress so far recorded in this our rice projects. Once we commence the sales of our rice, I can authoritatively tell you that the price of rice will crash in the country as we should have enough, in the next few years to make importation of rice non-attractive again into the country.”

Dangote Industries Limited (DIL) also recently signed a
Memorandum of Understanding (MoU) with the ministry of Agriculture and Rural Development (FMARD) to invest $1billion (N165 million) on establishment of fully integrated rice production and processing operations across Nigeria.

Meanwhile, Ganiyu Quadri, the chairman, Alimosho local
government in Lagos state has revealed that the price of a
bag of rice, which is currently sold for N18,500, will drop
to N9000 before December.

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