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Good News for Nigerians as RIPAN, CBN Agree to Slash the Price of Rice, Takes Effect December 14

One of the biggest challenges facing Nigerians at the moment is food insecurity. Before the country went on three weeks lockdown in a bid to curtail the spread of COVID-19, some individuals and media houses warned against an imminent hunger. In fact the governor of Kogi State was vehemently against lockdown positing that the aftermath would be grievous.

Today, the country and its poor citizens are wallowing into hardship/hunger. The prices of commodities skyrocketed during and after the lockdown. The reason for this food crisis appears to not be only because of COVID-19 lockdown but hoarding of food items. In the last week of October, the mouths of many Nigerians were left ajar owing to the discovery of hoarded COVID-19 palliatives.

The food items had been donated by many Nigerians, nongovernmental organizations (NGOs) and the Federal Government under the umbrella of Coalition against COVID-19 (CA-COVID) as a means of helping the poor masses during the hunger period associated with COVID-19 lockdown. Unknown to the starving populace, the food items were hoarded in warehouses by some state governors. The palliatives were first discovered in Lagos, then Osun, Edo, Plateau, Enugu, Anambra and some others. The hungry masses broke into the various warehouses to loot the hoarded food items. This hoard of palliatives had further contributed to the scarcity and high cost of food items across the country.

Nobody could have imagined there will come a time when onions would be scarce like a gold. Here in Anambra, the cost of a sachet tomato is #120 – #150. A painter bucket of garri costs #900. A cup of local rice costs #100 whole the destoned ones cost #120 per cup. The price of noodles has refused to come down. It’s really a hard time for Nigerians. But guess what? There is a good news.

Yesterday, 2nd December, the Rice Processors Association of Nigeria (RIPAN) in collaboration with the Central Bank of Nigeria reportedly had a meeting during which it was agreed that the price of rice be reduced. The current cost a 50kg of rice is about #30,000 but the Association has agreed the price be slashed to #19,000 per bag according to DAILY NIGERIAN.

Recall that the supply of rice in Nigeria met a huge blow since the closure of the country’s boarders by the federal government. This action had spurred some dealers to indulge in hoarding. But with the announcement of the new price tag of a bag of rice, the cruel hoarders will suffer a big blow. The new price is scheduled to take effect from December 14, 2020. This will surely brighten the faces of Nigerians as we go into the festive season. If achieved, then the federal government would deserve commendations.

About the author

Mc Ebisco

Welcome to Mc Ebisco, I am a blogger and a comedian in Nigeria, My aims and objectives are to share knowledge and varieties of news and information across the globe.

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