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Showing posts from January 18, 2022

Who is hoarding the bags of rice that Buhari is unveiling?

If the Federal Government does not sell rice to households, and retailers, it shouldn't spend public funds displaying meaningless pyramids. Buhari need not have an expo to showcase a spoon of rice. When there's sufficiency in production, it will tell in the economy as it will self reflect in the prices in which such product is sold in the market. The government needn't spend public funds transporting truck loads of rice to Abuja for jamboree photo display, and sooner to their huts. If there is so much rice as the government is claiming, then, somebody is in control of this market and the price rise. Unfortunately, this government always fails the truth test, as his former Minister of Agriculture, in the person of Audu Ogbeh once said Nigeria will start exporting yam. Till date, there's nothing tangible to show for it. In his remark, the Governor of the Central Bank of Nigeria said that as at the end of 2021, CBN had financed 4.5 million farmers that cultivated 5.3