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    MarketForces Africa » MarketForces News » Nigerian Farmers Cannot Meet Local Rice Demands–Traders

    Nigerian Farmers Cannot Meet Local Rice Demands–Traders

    Olu AnisereBy Olu AnisereJanuary 11, 2024Updated:January 12, 2024 News No Comments3 Mins Read
    Nigerian Farmers Cannot Meet Local Rice Demands–Traders
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    Nigerian Farmers Cannot Meet Local Rice Demands–Traders

    Some rice traders in Lagos have lamented the inability of local rice farmers to meet the growing demand of the produce. The traders spoke in separate interviews with the News Agency of Nigeria in Lagos.

    Recalls that the Federal Government recently reaffirmed its commitment to increasing local production of wheat, rice, maize, sorghum and soyabean, through the provision of relevant farm inputs.

    Mr John Nwabueze, a food stuff trader at Alimosho, lamented the growing cost of the produce and the inability of locally grown rice to meet rising demands.

    He, however, noted that the quality of locally grown rice had improved and could stand at par with foreign rice.

    “If the closure of the border is completely enforced, Nigerians will have no choice but to stick to locally grown rice.

    “When there is scarcity of the smuggled rice, then we will wholly embrace our home grown rice.

    “Local rice farmers may not initially be able to meet the growing demands of rice if the borders are watertight shut but gradually they will meet up.’’

    He said that the reason why most Nigerians patronised foreign rice was the poor awareness of the benefits of local rice.

    “We have very good local rice brands without stones and well-polished but Nigerians are used to foreign rice.

    “When we started eating Nigerian rice when the border was initially closed, we had a lot of poorly processed rice in the market.

    “But now the situation has changed; however, most customers insist that they will rather buy expensive rice than buy local rice.

    “We want the government to either completely enforce the closure of the borders and put an end to smuggled rice or officially open the borders for legal rice imports,” he said.

    On his part, Mr Temitayo Abdulhakeem, another rice trader, said though Nigerian rice was picking up in quality, it was insufficient to meet growing local demands.  Naira Lost 11% as Banks Issue New Update on FX Spending

    “If the borders are completely shut and no infiltration of rice into the country, local farmers may not be able to meet the demands.

    “If we cannot even get smuggled rice, it will be more difficult for Nigerians.

      “When the borders were initially shut down, and we had no access to foreign rice, we witnessed daily rise in the price of rice.

    “How many Nigerian rice brands do we have? We have only five brands that are of good quality.

    “We actually seek the opening of the borders for legal importation of rice but that does not mean the price will drop drastically.

    “It is just that we will have more people importing and the monopoly of the few importers will be broken,” Abdulhakeem said.

    He added that the traders had not been able to access foreign rice recently.

    A bag of short grain rice sells for N54,000 while the long grain rice bag sells at N65,000 to N66,000; Nigerian rice sells for between N49,000 to N50,000 per bag.

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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