Lagos State’s Memorandum of Understanding with Kebbi on rice production is predicted to crash the prices of the item in the local market.
Ongoing agro-business scheme being run by the Lagos State government in Kebbi State will soon put an end to the high cost of foodstuff in the South-western part of the country, chairman of Alimosho Local Council, Mr. Ganiyu Quadri, disclosed this on Tuesday.
Specifically, the council boss said the price of a bag of rice, which is currently at N18, 500, would drop sharply to N9,000 before the end of the year, Guardian reports.
Quadri gave the assurance while receiving in audience, a delegation of Rotary Club of Akowonjo 9110, led by its District-Governor, Rotarian Patrick Ikheloa, and President, Rotarian Shola Abidakun.
According to the council boss, the All Progressives Congress administration in Lagos had swung head-long into agro-business with a view to ensuring food security for its teeming population.
“By the end of this year, or the first quarter of next year, things will immediately change in Lagos. Already, we are into agro-business in Kebbi State. We have massive land on which we planted various grains, among which is rice, our people’s staple food. And it is expected that the truckloads of rice will storm Lagos very soon”