GOOD NEWS: University Of Ibadan Begins Mass Production Of Cheap Rice [SEE PHOTOS + PRICE]

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University of Ibadan Gate (Photo Credit: Google Images)
University Of Ibadan Begins Mass Production Of Cheap Rice (Photo Credit: Google Images)

Nigeria’s premier University – University of Ibadan, Oyo State has started the production of rice courtesy of the Faculty of Agriculture.

The cereal has been packaged into bags branded with the school name and sold at relatively cheap prices.

According to a Facebook post by representatives of the school, a 10kg bag of rice costs N4,000 while a 25kg bag costs a sum of N9,500.

The commodity is available at UIshopwell, Faculty of Agriculture, University of Ibadan. This will be coming as good news to Nigerians as the demand for rice is expected to skyrocket during the yuletide.

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See a photo of the rice in question:

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The Central Bank of Nigeria, CBN, has revealed that the price of rice in the country is gradually reducing due to massive production embarked by several states, TheSheet.ng reports.

CBN Acting Director of Corporate Communications Mr Isaac Okorafo said that Nigerian farmers are keying into the Anchor Borrower’s Programme of the apex bank, and have embarked on massive cultivation of rice since July in Kebbi, Jigawa, Ebonyi, Sokoto and Cross River states.

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