The Chairman and Chief Executive Officer, Santuscom Agro-Hub Investment Nigeria Limited, producers of Ogoja Rice, Chief Paul Santus, has promised that his organisation is working to crash the price of 50 kilogram bag of it’s #OgojaRice brand to N14, 000 of ahead of the Christmas and New Year celebrations despite closure of land borders by the federal government.
Santus made the disclosure on Saturday while speaking on the effort made by his company to take up the challenge by closure of land borders, saying his firm has scaled up production of Ogoja Rice brand locally in O’akwa-Okpoma, Yala LGA of Cross River state.
Prices of the commodity has risen to as much as N22,000 following the recent closure of land borders by the Federal Government.
He said: “We in Santuscom Agro-hub Investment Nigeria Limited, producers of the popular Ogoja Rice brand is concerned with the skyrocketing price of rice after the closure of land borders by the federal government.
“We want Nigerians to understand the action by the government and notwithstanding we want to assure Nigerians that as a company we will do everything possible before the Christmas and New Year celebrations to crash the prevailing and current market price of rice as we will be selling at N14, 000 per 50 kilogram bag of rice anytime from now.
“We will soon flood the market with the popular #OgojaRice which will in turn drastically reduce the current prevailing price in the market.