Thursday, July 9, 2026

Abuja Rice Pyramid: Ex-lawmaker wants reduction in prices

The ex-lawmaker says he’s expecting a drastic reduction in the commodity’s price as soon as it hits the market.

• January 23, 2022
Abuja rice pyramid, Joseph Akinlaja
Composite of the launch of Abuja rice pyramid and Joseph Akinlaja used to illustrate the story

A former House of Representatives member, Joseph Akinlaja, has urged the federal government to put plans that ensure reduction in the price of rice. 

Mr Akinlaja gave the advice on Sunday in Abuja while reacting to the one million bags of rice paddy pyramids launched by President Muhammad Buhari.

He explained that the rice pyramid showed the country was ready to be self-sufficient in rice production and should continue to showcase its achievement in agriculture.

Mr Akinlaja, who is also the former National Deputy President of the Nigeria Labour Congress (NLC), said Nigerians should be allowed to benefit from discounted price after processing.

He added that there was the need for a drastic reduction in the commodity’s price as soon as it rolled into the market with the cooperation of the millers association.

“I hope that rice will remain the cheapest commodities in the Nigerian market.”

Recall that the building of the rice pyramid at the Abuja Chamber of Commerce and Industry (ICCI) on Airport Road, started mid-December of 2021.

Built with million bags of rice paddy planted and harvested from states across the country, the project is controlled by the Central Bank of Nigeria (CBN) Anchor Borrower’ Programme.

The Rice Farmers Association of Nigeria (RIFAN) had earlier said that the country would commence exportation of rice in the near future to engender the twin benefits of food security and economic diversification.

Ado Hassan, Secretary of the Kano State chapter of RIFAN, said in Abuja that it was a joint project between the CBN, under its Anchor Borrowers Programme, and RIFAN.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

FRSC

Abuja

Abuja driver convicted for ramming into FRSC marshal, crushing patrol vehicle

A 26-year-old Abuja driver has been convicted for assaulting an FRSC officer and damaging a vehicle.

Beggars used to illustrate the story

Heading 1

Lagos assembly advances anti-begging bill as Sanwo-Olu govt cracks down on beggars

The Lagos State House of Assembly on Wednesday passed for second reading a bill seeking to prohibit street begging across the state.

Stock Market

Economy

Nigerian investors gain N3.45 trillion as equities market surges

The Nigerian stock market sustained its bullish rally on Tuesday, with investors gaining N3.450 trillion, driven by renewed buying interest in large- and mid-cap stocks.

Justin Bieber joins Madonna, Shakira, BTS

Showbiz

Justin Bieber joins Madonna, Shakira, BTS for 2026 World Cup half-time show

Beyond entertainment, the initiative between FIFA and Global Citizen aims to raise $100 million to expand access to education and football.

ExxonMobil

Economy

ExxonMobil’s Usan project to generate $1 billion for Nigeria

ESSO Exploration and Production Nigeria says its $1 billion Usan Infill Project in Oil Mining Lease 138 is expected to generate $1.2 billion in revenue.

World Bank and IMF

Economy

Middle East Crisis: IMF, World Bank seek stronger global cooperation

The institutions made the call in a joint statement on Wednesday following a Tuesday meeting of their high-level coordination group.