Skip to content
September 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • If we don’t produce we may buy rice at N40,000 per bag this December – Minister
  • National News

If we don’t produce we may buy rice at N40,000 per bag this December – Minister

Admin September 12, 2016

bags of riceMinister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has raised an alarm which must never be ignored. He warned that Nigeria must start producing rice now otherwise the price could hit N40,000 per bag in December. He raised the red flag at the weekend during a town hall meeting in Yenagoa, Bayelsa State, his home state. Town hall meetings have been adopted by the Federal Government to raise national consciousness in agriculture as a way of diversifying the nation’s economy.

He said: “For your information, we spend about $22bn a year importing food into Nigeria. We know how many more dollars they bought and that is why you see the price of rice going up.

“Price of rice was N12,000 some months ago, but it is now about N26,000 and if we don’t start producing, by December it could be N40,000.

“Rice matures in three months. So, this is a wake-up call for Bayelsa people to take the four farms we have seriously. The federal government has four farms in the state in our records.

“The average land you see in Bayelsa can grow rice, so the colonial masters were not wrong in their assessment when they said Niger Delta could feed not only Nigerian but also the entire West Africa sub-region.

“Unfortunately, agriculture till today, is not a priority of the Niger Delta as far as the state governments are concerned because of oil.”

He charged the Niger Delta region to give priority to agriculture the way the North-West states such as Kebbi, Jigawa, Kano as well as other states like Lagos, Ebonyi, Anambra had done.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous NCC reaffirms subscribers’ protection from unsolicited messages by operators
Next Aftermath of Clinton Pneumonia: Trump to release his medical status soon

Related Stories

DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment
  • National News

DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment

September 17, 2026
Payment ​‌‌‌⁠‍‍⁠⁠‌⁠​‌⁠‍‌⁠‌‌​technology firms partner for retail access to Dangote Refinery IPO
  • Business & Economy
  • National News

Payment ​‌‌‌⁠‍‍⁠⁠‌⁠​‌⁠‍‌⁠‌‌​technology firms partner for retail access to Dangote Refinery IPO

September 17, 2026
Revenue Allocation: FG, states, LGs share N2.338trn for August federal government
  • National News

Revenue Allocation: FG, states, LGs share N2.338trn for August

September 17, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Mambila Power Project: Tinubu excited as Nigeria wins $680m settlement suit in Paris
  • Crime and Justice

Mambila Power Project: Tinubu excited as Nigeria wins $680m settlement suit in Paris

September 18, 2026
Tinubu boosts remote working for Nigerian professionals, backs $500m Itana innovation project
  • Business & Economy

Tinubu boosts remote working for Nigerian professionals, backs $500m Itana innovation project

September 17, 2026
DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment
  • National News

DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment

September 17, 2026
Ugandan Shilling, Cedi and Kwacha Expected to Face Pressure; Nigeria and Kenya Currencies Stable
  • International News

Ugandan Shilling, Cedi and Kwacha Expected to Face Pressure; Nigeria and Kenya Currencies Stable

September 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.