WAHALA DEY O! See How Much Ambode Spent On Lake Rice Since Dec 2016 Till Date

Ambode PHOTO: punchng.com

PHOTO: punchng.com



BETWEEN December 2016 till date, Lagos State Government has shelled out the staggering sum of N1, 049billion in subsidizing Lake Rice, which is grown in neigbouring Kebbi State.

This much was disclosed on Thursday by the Commissioner for Agriculture, Mr. Oluwatoyin Suarau, who said that  it is part of government’s “efforts aimed at sustaining food sufficiency and food security in the State.”


Speaking at the ongoing annual Ministerial Press Briefing to mark the third anniversary of Governor Akinwunmi Ambode’s administration held at Bagauda Kaltho Press Centre in Alausa, Commissioner for Agriculture, Mr. Suarau said that the rice, which is being sold at a highly subsidized rate of N12,000 per bag of 50kg, has helped crashed the skyrocketing price of rice in the country.


“The State Government has subsidized LAKE Rice under this review period with One Billion, Forty Nine Million, One Hundred and Forty Thousand, Three Hundred and Ninety Five Naira (N1,049,140,395.00). This is targeted towards ensuring food sustainability and food security in the state and as an end result, making Lake Rice a national brand,” he said.


Suarau explained that the subsidy include cost of transportation, bagging and difference in cost price of the rice from other brands, adding that a total of 150 marketers and other ancillary service providers have been empowered through the sale of LAKE Rice.


The Commissioner while restating the commitment of the Governor Akinwunmi Ambode led administration to boost the production of rice disclosed that the State government has completed an agreement to acquire and establish a 32 tonnes per hour rice mill with AG (“Bühler”), a leading rice-mill producer in the world stressing that the establishment of the rice mill is targeted at enhancing food security and creating employment in the State.

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