Dangote rice set to hit market stalls soon

– Aliko Dangote is said to be very happy with this new development and progress recorded by his company
– Sources say the price of rice will crash further after
commencement of sales Nigerians’ challenges with the purchase of rice may soon become
a thing of the past as Dangote Rice is set to hit the market stalls.

According to The Nation, the management of the rice-producing company has commenced the harvest of its first tranche and Aliko
Dangote, Africa’s richest billionaire, is said to be very happy with the latest development.

Sources within the organisation informed the business mogul has expressed satisfaction with the recent development more because
it will help ease the pains of Nigerians, who are presently groaning
over the N20, 000 per bag cost of the commodity.
Africa’s richest man, Alhaji Aliko Dangote, is said to be very
excited about this new development.
The source said: “We are really excited about the progress so far
recorded in this our rice projects. Once we commence the sales of our
rice, I can authoritatively tell you that the price of rice will crash in the
country as we should have enough, in the next few years to make
importation of rice non-attractive again into the country.”

Recall that Dangote inaugurated its 8,000-hectare rice out-growers’
scheme in Hadejia, Jigawa state early this year, when he distributed rice seedlings to farmers.
The scheme is said to help reduce the level of Nigeria’s imports
and potentially provide direct and indirect jobs to about 10, 000
Nigerians.
Dangote Industries Limited (DIL) also recently signed a Memorandum of Understanding (MoU) with the ministry of
Agriculture and Rural Development (FMARD) to invest $1billion
(N165 million) on establishment of fully integrated rice production
and processing operations across Nigeria.
Farmland in Edo, Jigawa, Kebbi, Kwara, and Niger states totalling 150,000 hectares have been penciled down for the commercial production of rice paddy.
Meanwhile, Ganiyu Quadri, the chairman, Alimosho local government in Lagos state has revealed that the price of a bag of
rice, which is currently sold for N18,500, will drop to N9000 before December.

Speaking after receiving a delegation of Rotary Club of Akowonjo 9110, led by by its district-governor, Patrick Ikheloa, and president,
Shola Abidakun, Quadri gave assurance that the agro-business
scheme run by the Lagos state government in Kebbi state will put
an end to the high cost of foodstuff in the southwest.