The Federal Government on Monday declared that the price of rice would start to fall from November this year.
It stated that more Nigerians had
returned to their various farms, adding that at the next harvesting
season next month, the price of rice would start to crash.
This came as the government said that
the delay in the approval of the 2016 budget had made it impossible to
implement the capital expenditure in the agricultural sector.
The Minister of Agriculture and Rural
Development, Chief Audu Ogbeh, said this while addressing members of the
Senate Committee on Agriculture and Rural Development at the
headquarters of the ministry in Abuja.
