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Lagos rolls out Lake Rice next week, to sell N13,000

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Lake rice subsidised by N1bn since inception — LASG

Lagos State Government has confirmed its readiness to flood the market with its new Lake Rice and sell to Lagosians at N13,000 per 50 kg towards the Yuletide celebrations.

Special Adviser on Food Security to Gov. Akinwumi Ambode, Mr Sanni Okanlawon, made this known on Thursday in Lagos at the Lagos Chamber of Commerce and Industry (LCCI) National Agriculture Stakeholders Summit.

Okanlawon assured the citizens of proper distribution of the commodity. He noted that sales of the rice would be made at all the 57 Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) in the state.

“Lake Rice is the acronym of both Lagos and Kebbi States joint product which will be out to the public on Dec. 15 at the rate of N13,000 per 50kg bag as it is already subsidised by the government.

“To make it more available, the rice will be sold at the 57 LGAs and LCDAs for easy accessibility and to guard against unwanted persons diverting the product.

“The state government has put in place a committee that will ensure that Lagosians have the best Christmas celebration, that is why we are offering the wholesome and well packaged rice,’’ Okanlawan said.

The special adviser hinted that the state had established a Department of Agribusiness, an Agriculture Trust Fund and Commodity Exchange Market to be set up soon.

The News Agency of Nigeria (NAN) reports that the government’s efforts were in alignment with the Federal Government’s diversification drive from a mono-economy to agriculture.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. The Verge Communications (NEWSVERGE) is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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