Monday, September 8, 2014

Nearly 50% Drop in the Price of Garri!

Nearly 50% Drop in the Price of Garri! When the President stated the dogged drive to reduce the huge amount of money milked away in the name of importing wheat floor for bread by replacing wheat floor with cassava flour it was like he was joking and many thought it was a pipe dream! What was more, , as a result of huge quantity of cassava that had to go into cassava flour for bread bakers price of the steeple food went up to over N600 for a standard measure! I guess our citizens grumbled but the ministry of agriculture and the President stuck to their gun! So when farmers with huge empowerment by the agric ministry realized that there is no going back in reducing the huge amount of money spent on wheat each year tackled the cultivation of cassava and to day the result has began to show. Immediate gains in the renewed energy impute into cassava production include among others drastic reduction in the whopping N635 billion spent on wheat import per year. This will further shore up our foreign reserve and the result among others would be stronger Naira and of course stronger Naira would in turn push up the citizens’ purchasing power and to better standard of living! Second benefit of this drive is even further reduction in the price of the steeple food, garri. Right now the price of garri has crashed from above N600 to between N300 and N380 in Lagos market! This is nearly 50% drop and it can only get better!

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