GOODNEWS: Dangote Rice To Hit Nigerian Market Soon, To Crash Current Market Price.

The eagerly awaited Dangote Rice will soon hit the Nigerian market as the company commences harvest of its first tranche.

The new product is expected to force down the price of rice currently sold around N20, 000 per bag.

“We are really excited about our rice projects,” a source at the company said.

“Once we commence the sales of our rice, I can authoritatively tell you that the price of rice will crash in the country and make importation of rice unattractive”, he added.

Earlier in the year, Dangote inaugurated its 8,000-hectare rice out-growers’ scheme in Hadejia, Jigawa State, with the distribution of rice seedlings to farmers.

A statement earlier issued by Dangote group said that the scheme, a partnership progamme with governments aimed at reducing Nigeria’s food imports, had the potential to provide 10,000 direct and indirect jobs.

It said the rice project executed by the Dangote Rice Limited in Hadejia, would be replicated in six other states of the federation.

It further noted that the project was part of agreement signed by the Dangote and the federal government, on the one hand, and Jigawa State Government on the other.

The Minister of State for Agriculture, Senator Heineken Lokpobiri, was quoted as saying that the federal government was ready to support the scheme and make it a success.