Lake Rice: LASG assures of price stability, availability
Connect with us

News

Lake Rice: LASG assures of price stability, availability

Published

on

Lake Rice - Lake Rice: LASG assures of price stability, availability

Lagos State Government on Tuesday said the price of Lake Rice would remain stable as the commodity floods markets across the state.

Mr Toyin Suarau, Commissioner for Agriculture, said this in a statement signed by Mr Tunbosun Ogunbanwo, Director of Publicity in the ministry.

Suarau said it had come to the notice of the state government that prices of rice had gobe up in the market.

He said the consistency in quality of the Lake Rice and its availability was aimed at stopping the importation of the commodity.

“You will recall that it was in a bid to ensure availability of the commodity in Lagos that the state government sought the participation of major rice distributors.

“Lake Rice is of good quality. The difference between the commodity and foreign variety is that the imported commodity has a minimum storage life span of five to six years.



“Lake Rice is fresh and wholesome and the price remain the same to ensure affordability for residents,’’ Suarau said.

Suarau said that measures had been put in place by the state government to protect the price and avoid adulteration.

He stressed that part of the measures include constituting a committee to strictly monitor the product in the market.

The News Agency of Nigeria (NAN) reports that 50kg of the commodity fetches N12,000; N6,000 per 25kg and N2,500 per 10kg.

unicaffa - Lake Rice: LASG assures of price stability, availability

Contact Us

Email: Politicsngr[at]gmail.com

rant 300x250 - Lake Rice: LASG assures of price stability, availability

Latest Rates

Currency Interbank Rate Parallel Rate
USD ₦307 ₦360
GBP ₦399 ₦467
EUR ₦355 ₦415

Updated on September 12, 2018 at 10:15 am