Business
Association Advocates Price Subsidy For Local Rice
The Association of Small-Scale Agro Producers of Nigeria (ASSAPIN) has advocated price subsidy for locally produced rice.
Mr. Joshua Mabinuori, the National Vice-President of the association, made the call in an interview with newsmen in Ijebu-Ode, Ogun State, on Tuesday.
Mabinuori said that subsidy for locally produced rice would discourage importation and increase local production and consumption.
He described as “colossal waste” the huge amount expended on rice importation annually, adding that time had come for government at all levels to invest in local rice production.
“One of the ways by which government can discourage rice importation and encourage local production and consumption is when the price of the locally produced rice competes favourably with the imported rice.”
“By this, farmers produce more and consumption will also be high because people will buy more.”
“Presently, a local farmer producing rice incurs more expenses producing 50 kg bag of rice because of higher cost of production than his counterparts in other countries.
“What government should do as a matter of urgency is to encourage local rice production through subsidy. This will assist farmers to remain in business and also reduce rice importation,” he said.
Mabinuori also urged the government to increase budgetary allocation to agriculture to enable the country to become self-reliant in food production.
Business
Customs Launches Digital Vehicle Verification System To Tackle Smuggling
Business
NDDC Unveils Naval Facilities To Boost Region’s Security
Business
FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
-
Niger Delta2 days ago
Bayelsa Lauds WHO, Others Over Support For Healthcare … Flags-Off Statewide Immunization
-
News2 days agoDrug Party: NDLEA Arrests Over 100 Suspects At Lagos Night Club
-
Nation4 days agoNIOB President Calls For Innovation, Entrepreneurship In Housing Delivery
-
Maritime2 days agoMOWCA Partners Indonesian Govt For Maritime Capacity Development
-
Rivers2 days ago
NLNG, NCDMB Launch ICT Hub To Boost Tech Skills In Nigeria
-
News2 days agoResident Doctors Begin Indefinite Strike Nov 1
-
Oil & Energy2 days agoProffer Solutions To Energy Crisis, PTI Urges FG. Stakeholders
-
Business2 days agoCustoms Launches Digital Vehicle Verification System To Tackle Smuggling
