EKO HOT BLOG reports that the price of rice, a staple food for millions of Nigerians, has surged by 98.47 percent over the past year, rendering this essential commodity unaffordable for many households. The scarcity of paddy has been identified by industry experts as the primary factor driving the continuous increase in prices of local parboiled … Read more
Eko Hot Blog reports that one Nonso Nwobodo, 39, has been arrested by operatives of the Nigerian Police Force in the Federal Capital Territory, Abuja, for allegedly repackaging local rice into bags labelled as foreign rice. The trader was said to have been involved in the act in a bid to maximize profits. Nwobodo was … Read more
The President of the Rice Farmers Association of Nigeria (RIFAN), Alhaji Aminu Goronyo, has said Nigerians now consume local rice worth N1.2 billion daily. Goronyo, who disclosed this while addressing newsmen in Abuja on Wednesday, explained that from 2015 till date, there was no official exchange of currencies for rice importation into the country as it … Read more