Lagos spends N1.04b on LAKE rice subsidy in 3 years
The Lagos State Government, on Thursday, said it has subsidised LAKE Rice to the tune of N1.049billion from December 2016 till date, as part of efforts aimed at sustaining food sufficiency and food security in the State.
Speaking at the ongoing annual Ministerial Press Briefing to mark the third anniversary of Governor Akinwunmi Ambode’s administration held at Bagauda Kaltho Press Centre in Alausa, Commissioner for Agriculture, Mr. Oluwatoyin Suarau said that LAKE Rice, which is being sold at a highly subsidized rate of N12,000 per bag of 50kg, has helped crashed the skyrocketing price of rice in the country.
“The State Government has subsidized LAKE Rice under this review period with One Billion, Forty Nine Million, One Hundred and Forty Thousand, Three Hundred and Ninety Five Naira (N1,049,140,395.00). This is targeted towards ensuring food sustainability and food security in the state and as an end result, making Lake Rice a national brand,” he said.
Suarau explained that the subsidy include cost of transportation, bagging and difference in cost price of the rice from other brands, adding that a total of 150 marketers and other ancillary service providers have been empowered through the sale of LAKE Rice.
The Commissioner while restating the commitment of the Governor Akinwunmi Ambode led administration to boost the production of rice disclosed that the State government has completed an agreement to acquire and establish a 32 tonnes per hour rice mill with AG (“Bühler”), a leading rice-mill producer in the world stressing that the establishment of the rice mill is targeted at enhancing food security and creating employment in the State.
“It is estimated that the partnership would facilitate the creation of 274,000 jobs across the agriculture value chain, and will also bring about the cultivation of 32,000 hectares of farm land to produce rice paddy, equating to an estimated 130million Kg of processed rice per year which is an equivalent of 2.6milion 50kg bags of rice”, he said.
The Commissioner said that the establishment of the state-of-the-art rice mill will serve as a platform for Lagos to partner with other South-West States aside the existing collaboration with Kebbi State.
This, he said, was in consonance with the region’s resolve towards achieving economic integration, ensure that adequate rice is supplied to the 32 metric tonnes per hour rice mill and make provision for empowerment programmes for farmers across all the value chains of Agriculture.
Suarau said that the present administration has since inception embarked on agricultural policies and programmes aimed at enhancing food security in the Stated noted that State government has made a lot of deliberate efforts to enhance agriculture with the introduction of programmes in Vegetable farming, poultry, cassava farming and various forms of agro- processing programmes to the youths.
He said that the commitment of the State Government towards the attainment of food security depended largely on cooperation of every resident of the State, stressing that food security and hygienic environment occupies the front burner of the present administration’s plans to facilitate job and wealth creation as well as reduce poverty in the State.