Economy

Residents decry high cost of rice in Enugu major markets

Residents decry high cost of rice in Enugu major markets
Written by Maritime First

In spite of the orchestrated high productivity of rice in Nigeria, some residents of Enugu State on Friday decried its high cost, stressing that the cost of rice in major markets in Enugu metropolis fails to justify purported production.

According to the residents, rice, the most popular staple food in Nigeria, has now become too expensive.

They told correspondent, who visited some major markets in the metropolis that the price of the commodity has presently increased by over 40 per cent.

Mrs Felicia Igbokwe, a rice seller at Ogbete main market said that a 50 kg bag of locally ‘destoned’ rice is now sold between N23, 000 to N28, 000 up from the N16,000 it was sold in January.

Igbokwe added that a bag of 25kg which was sold for N8,000 some months back is now sold for N16,000 per bag.

Another rice seller at New Market, Mr Okwy Ilechukwu disclosed that the price of foreign rice has equally gone up.

Ilechukwu said that a 50kg of foreign rice is now N39,000 up from N27,000 while, the N25kg is N18,000 from the previous price of N13,000.

Meanwhile, some residents expressed concern over the increase in the price of the commodity saying that the ban on rice importation has brought scarcity and high cost of the commodity.

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Mrs Helen Nnaji, a civil servant, said that many Nigerians believe that by now, there will be surplus of rice after the ban on rice importation.

“Many people thought with the ban on rice importation and the Federal Government’ intervention in rice production, the common man will be able to buy rice at an affordable price.

“The purpose for which the border was closed has been totally defeated as rice is now expensive for the masses,’’ Nnaji lamented.

Ironically, as the traders hike the cost of rice, they also do same thing for garri, thereby, gradually and consistently marginalize the poor.

 

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Maritime First