• Bag of rice may sell for N40,000 by December – Lokpobiri

    Bag of rice may sell for N40,000 by December – Lokpobiri

    According to reports, the Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that Nigeria spends about $22bn a year on importation of food.

    Lokpobiri made this known on Saturday at a town hall meeting in Yenagoa, Bayelsa State.

    He said the development had led to the astronomical rise in price of rice and other commodities, stressing that if Nigerians failed to produce some of the items being imported, before December the price of rice would skyrocket to […]