Citizens of Lagos State are scrambling for LAKE Rice, the branded rice produced by Kebbi and Lagos States in very long queues.
A 50kg bag of the rice sells for N12,000, while a 25kg sells for N6,000. This is 50 per cent less than the imported brands, reportedly mostly unfit for consumption, which sell for N24,000 per 50kg bag.
Lake Rice distribution is in collaboration with San Carlos Group incorporated.
In a statement by Femi Adesina, Buhari particularly saluted the commitment of Governors Akinwunmi Ambode and Atiku Bagudu to the Memorandum of Understanding (MoU) signed in March 2016 on substantially meeting the country’s rice requirement.
He also delighted by the relatively cheaper price of LAKE Rice especially at this period of recession.
“It gladdens my heart to get reports of our citizens rushing to purchase this cheaper local rice to enable them and their families enjoy the Christmas and New Year celebrations,” the President noted.
According to President Buhari, what the two states have done is “evidence of a new base being laid for the Nigerian economy, founded and propelled by agriculture, away from substantial dependence on oil and gas for national revenue.”
The President recalled that in his 2017 Budget presentation before the National Assembly, he said that “a new era is rising in which we must grow what we eat and consume what we make,” adding that the LAKE Rice achievement is in furtherance of the goal.
He urged other state governments to replicate the laudable example of LAKE Rice in producing other staple crops and dairy products.
He also pledged the Federal Government’s readiness to continue to support such initiatives by providing the enabling environment, policies and incentives for agriculture to thrive in order for the nation to achieve food security.
The President remains optimistic that Nigeria will attain rice sufficiency by 2019.