• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

“Difference Between Lake Rice and Imported Rice” – Ambode

Ugodre Obi-chukwu by Ugodre Obi-chukwu
December 22, 2016
in Business News
Lake Rice

Lake Rice Picture credit: Punch Newspapes

Share on FacebookShare on TwitterShare on Linkedin

In case you are wondering what the difference between Lake Rice and Imported rice is, we have an explanation from the Lagos State Governor. He explained it at the unveiling on Wednesday, 21st December.

“Today is an historic day for Lagos and Kebbi States. In March 2016, we signed an MOU with an understanding that we, being proudly Nigeria, want to come out with what is made in Nigeria and what is good for Nigeria.

“We took all that President Muhammadu Buhari said we need to grow our food and we decided that we will prove a point and that is what today is all about. LAKE RICE is of good quality.”

“The major difference between LAKE RICE and the ones imported is that the imported has a minimum storage of five to six years storage life span, but LAKE RICE is fresh,”

He also gave a breakdown of how much it cost and how many you can buy.

  •  50kilogram “will cost N12,000
  • 25 kilogram will go for N6, 000
  • 10kg for N2, 500. “For now”
  • an individual will only be allowed to purchase a bag to enable it go round.

Smacks of a socialist system don’t you think?

RelatedStories

Consumer goods

Analysts pinpoint Consumer goods sector as undervalued, reveal potential growth drivers 

March 2, 2025
Consumer goods

Consumer Goods sector jumps over 6% on strong individual stock gains, clears pull-back

February 23, 2025
Tags: Akinwunmi AmbodeConsumer Goods
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

Consumer goods
Consumer Goods

Analysts pinpoint Consumer goods sector as undervalued, reveal potential growth drivers 

March 2, 2025
Consumer goods
Equities

Consumer Goods sector jumps over 6% on strong individual stock gains, clears pull-back

February 23, 2025
NGX
Markets

NGX-ASeM Index emerges best-performing index in H1’2024 with a gain of 135.25%

July 1, 2024
Consumer goods
Consumer Goods

Major consumer goods companies record N839.2 billion forex losses in 2023

May 1, 2024
Akinwunmi Ambode,Babatunde Fashola,Babajide Sanwo-Olu, President Tinubu
Business

Ambode joins Sanwo-Olu, Fashola, others at a reception for Tinubu after 4 years absence

June 29, 2023
These 11 business ideas can make money for you this Xmas holiday
Small Business

These 11 business ideas can make money for you this Xmas holiday

November 20, 2022
Next Post
Official: Stanbic IBTC will be the first to name and shame bad debtors

ARM Issues "Sell Rating" For Stanbic IBTC

Comments 4

  1. Gbenga says:
    December 22, 2016 at 10:43 am

    “Smacks of a socialist system don’t you think?” You say this as if it was a terrible thing. If the writer had cared to read and understand the APC manifesto, he’d have known that our policies are left of center. Do your work as journalists: research.

    Reply
    • Nairametrics says:
      December 22, 2016 at 11:48 am

      The writer believes that a system that allows the government produce and sell goods and services, fix prices and quantity that can be demanded is pure socialist.

      Reply
  2. xiaw9k03 says:
    December 23, 2016 at 10:17 am

    Your headlines are misleading and the content of most of your articles lack depth. From what you’ve posted, what’s the difference between Lake rice and imported rice? Can’t you go into more details instead of telling us it is ‘fresh’. What does ‘fresh’ mean? Try to go the extra mile in your reporting instead of copying and pasting quotes.

    Reply
    • Nairametrics says:
      December 23, 2016 at 4:07 pm

      Hello,

      We understand that our readers want more information. We strive to do that as information becomes available. Currently, this is the only information about Lake Rice that we have. The rice was just launched on Wednesday, so it is understandable that just very few people would know the difference between it and imported rice. Nevertheless, the best person, for now, to provide that information is the Governor, which is why we reported it that way.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Tantalizers pivots into entertainment, announces acquisition of Tade Ogidan’s Grand Media 
  • Exchange rate gap widens as official closes at N1,599/$1, parallel N1,635/$1 
  • Access Bank reports N289 billion in mortgage loans, 2.3% of loan portfolio 

Follow us on social media:

Recent News

Tantalizers Plc secures N1.07 billion through fully subscribed private placement

Tantalizers pivots into entertainment, announces acquisition of Tade Ogidan’s Grand Media 

May 18, 2025
Naira , dollar, exchange rate

Exchange rate gap widens as official closes at N1,599/$1, parallel N1,635/$1 

May 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics