The Lagos State Government has announced that it would properly resume commercial sales of Eko Rice from Imota Rice Mill in June, a plan that is coming 2 months after its original April plan.
This was disclosed by the Special Adviser to the Governor on Agriculture and Rice Mill Initiative, Dr. Oluwarotimi Fashola, in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos.
Fashola noted that it will hit major markets in June, adding that sales began last week in Ikeja to civil servants.
Fashola further noted that Eko Rice would hit major markets by the first week of June, as commercial sales began last week in the Ikeja axis, to civil servants and some institutions in the state.
He says a 50kg bag of Eko Rice would cost between N32,000 and N33,000, while the 25kg bag would be sold at prices ranging between N17,000 and N18,000, noting that the price of Eko Rice is not on the high side when compared with the same quality of rice in the major markets at N38,000 for a 50kg bag.
The Lagos Government official also noted that there are two sets of issues, the distributor price and the market price. In his words, he said
Fashola also stressed that Quality is important and Lagos government not lower its quality because it wants the masses to be well-fed.
President Muhammadu Buhari had earlier in January 2023, inaugurated the long-awaited 32-metric tonnes per hour Lagos Rice Mill located in Imota, Ikorodu, a suburb of Lagos.
The Lagos Rice Mill, Imota is a two x 16 metric tonnes per-hour mill standing on an area of 8.5 hectares of land.
Governor Sanwo-Olu had described the Eko Rice from the just commissioned Lagos Rice Mill in Imota as the best in town.
Nairametrics also reported that there is an agreement between the Lagos State Government and the Lagos Commodities and Future Exchange is to sustain the continuous flow of paddy rice into Imota Rice Mill.
The state government will need about N100 billion for over 200,000 tonnes of paddy annually for Imots Rice Mill.
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