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Home OPINION

Rice, A Luxury in Nigeria: Soaring Prices Amidst Economic Hardship

Admin by Admin
October 29, 2024
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As I reflect on the current state of affairs in Nigeria, I am compelled to express my deepest sympathy for the millions of citizens struggling to make ends meet. The recent removal of the petrol subsidy and the weakening naira have unleashed a tsunami of price increases, with rice being one of the hardest-hit commodities.

A 50kg bag of locally produced parboiled rice now costs approximately ₦105,000, surpassing the new minimum wage of ₦70,000. Imported rice is even more expensive, with a 50kg bag priced at around ₦130,000. This price surge underscores the limited production capacity of smallholder farmers, who struggle with challenges such as insecurity, high input costs, and logistical issues.

As a concerned citizen, I empathize with families who can no longer afford this staple food. Chioma Okeke, a Lagos teacher, poignantly expressed the frustration many feel: “How can I afford ₦105,000 for rice when I earn only ₦100,000? Prices keep going up, and subsidy removal has made it harder.”

The federal government’s suspension of import duties on rice and other essential items, though well-intentioned, has yet to bring relief. Factors like recent flooding and Niger’s grain export ban have further restricted rice supply, affecting food security in Nigeria.

The Federal Government of Nigeria, under President Bola Tinubu’s administration, has a crucial role to play in addressing the challenges faced by the masses. As outlined in the Constitution, the federal government is responsible for Maintenance of Law and Order, ensuring the safety and security of citizens. Additionally, it must Protect Lives and Properties, securing the well-being of Nigerians and their investments.

To alleviate the suffering of the masses, the government can focus on Provision of Social Welfare Services, such as healthcare, education, and infrastructure development Promotion of Economic Development is also vital, creating jobs and stimulating growth through policies and programs.

The state governors also have a critical role to play in addressing the challenges faced by their respective states. By working together, the federal government and state governors can make a significant difference in the lives of Nigerians.

As Ambassador Segun Akinlabi, I urge the government to take swift action to alleviate the suffering of our people. We need policies that support local farmers, address supply chain disruptions, and provide immediate relief to vulnerable populations.

To my fellow Nigerians, I say: “May we soon witness plentiful times again.” Let us hold on to hope and work together towards a brighter future.

Egalitarian (Ambassador) Segun O. AKINLABI
segunoakinlabi@gmail.com

Tags: 9janews247.com.ngEgalitarian Segun Akinlabi
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