FG approves N60bn to boost rice production

Posted by News Express | 17 November 2018 | 709 times

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•Minister of Agriculture, Audu Ogbeh

The Federal Government has approved the sum of N60 billion to support rice production in the country and crash its market price ahead of the festive period.

Minister of Agriculture, Audu Ogbeh, disclosed this to State House correspondents on Tuesday at the end of the National Food Security Council in Abuja.

“The government has approved some money to support the rice industry to bring down prices, but we are going to handle it differently,” he said.

The Minister added, “We don’t want to get into the petroleum subsidy problem, so a committee is looking at it with the Ministry of Finance.

“And we think that it is better for us to lend money to the millers, the farmers, and the distributors, at a very low interest rate so that the capital doesn’t disappear.”

Mr Ogbeh thereafter revealed some of the measure being out in place by the government to tackle the crisis between farmers and herdsmen which has claimed many lives since the beginning of the year.

According to him, the government is devising ways of ensuring that the waste products of one part are made useful to the other.

The minister explained, “We are putting in place a programme now to see if we can aggregate all the wastes from harvest – maize stalks and sorghum stalks and millet, rice stalks, beans and so on, and process them to feed the cows instead of letting them (the herders) roam around and getting into these conflicts with the farmers.”

Excerpted from a Channels TV report

Source: News Express

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