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• As CBN remains adamant on boosting local production During the 2020 Yuletide, Miss Folakemi Ojo made frantic attempts to attract buyers to a rice store where she worked as a sales attendant, but none branched at the store within Daleko Market, a popular foodstuff marketplace located off Isolo-Oshodi Expressway, Lagos. She expressed frustration over her inability to make adequate sales, while the store was fully stocked with Nigerian rice in preparation for the festive period. The year had been full of COVID-19 pandemic-induced lockdown, #EndSARS protests and violence, partial opening of offices, mass disengagement, working from home, economic recession, and a second wave of the COVID-19 pandemic surge. Economic and purchasing power of most Nigerians had been eroded, but prices of food items were on the high side due to 14% or more inflation rate. ....
The Commissioner for Agriculture, Ms Abisola Olusanya, told newsmen on Monday in Lagos that about 100,000 bags of 50 kg were being expected for sales at N20,000 per bag. Olusanya said the state government was working very hard with the Kebbi Government and the Federal Government to ensure that people of Lagos have enough rice during the festive season. We are intervening in the area of availability of rice for the festive season, and it will be sold at N20,000 per bag. The most important thing is that we have rice available, be it Lake Rice or other brands, she said. Olusanya said that the delay in the sale was due to the process of production. ....