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
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford