Minisode: We have rice pyramids! So why are we still paying so much for rice?

<p>Last month, on the 17th of January, President Muhammadu Buhari unveiled over 10 pyramids of rice at the Abuja International Trade Fair Complex. One million rice paddies were used to construct the pyramids as part of a media parade to showcase the results from the Anchor Borrower’s Programme (ABP). According to the President, with the ABP, Nigeria’s rice production has increased to over 7.5 million metric tons annually. With so much rice production, why is the average price of a 50kg bag of rice N20,000?</p> <p>———————————————</p> <p>This episode was produced by Rahmat Muhammad, John Iwodi, Anthonieta Kalunta, Uche Mbah, Dominic Tabakaji and Sam Tabakaji.</p> <p>Executive producer Rahmat Muhammad.</p> <p>Copyright © 2022 Triple-E Media Productions. All rights reserved.</p> <p>——————————————</p> <p>▶︎Follow us @234.audio on Instagram, @234audio on Facebook, and @234audio on Twitter</p> <p>▶︎Subscribe to our 234Audio YouTube channel</p> <p>———————————————</p> <p>If you are interested in sponsoring or licensing this program, reach out to us via WhatsApp at +234 818 230 1234 or send us e-mail at info@234audio.com</p> --- This episode is sponsored by · Anchor: The easiest way to make a podcast. <a href="https://anchor.fm/app">https://anchor.fm/app</a> Support this podcast: <a href="https://anchor.fm/thebackstoryng/support" rel="payment">https://anchor.fm/thebackstoryng/support</a>