The Rice Processors Association of Nigeria (RIPAN) has promised to reduce the cost for the sale of rice for N13,300 and N14,000 per bag.
President of RIPAN, Mohammed Maifata, stated at a media briefing with journalists in Abuja
The association also expressed support for the Federal Government’s closure of the land border with Benin Republic and other neighboring countries.
He said, “We are not going to take advantage of the border closure for ourselves by hiking the price of rice.
“As such, we all agreed that we are going to sell our rice from now on at N13, 300 minimum and maximum, because for some, their location is very far from the paddy and so very difficult for them to operate — but upon that, there is no Nigerian rice that will be sold above N14, 000 at factory.
“This is the commitment we made to government and we are determined and we are willing to keep to our words God willing. Any contrary activities are not from us as we expect saboteurs to take advantage of the situation. But we assure you that this will be our price.”
He commended the Nigeria Customs Service for its current fight against smuggling of the commodity, and called on various security agencies who are mandated by the current directive to intensify the fight to check the various porous borders.
Maifata said the move was needed to address the rising case of rice smuggling into Nigeria from neighboring countries.
It described the border closure as “long overdue,” noting that it was done in the best interest of the economy.
The association said the action of the government had suddenly returned life to the rice value chain, as the hitherto subdued mills have resumed operations within one week of the border closure.