LAGOS – Lagos State Government on Tuesday said the price of Lake Rice would remain stable as the commodity floods markets across the state.
Mr Toyin Suarau, Commissioner for Agriculture, said this in a statement signed by Mr Tunbosun Ogunbanwo, Director of Publicity in the ministry.
Suarau said it had come to the notice of the state government that prices of rice had gobe up in the market.
He said the consistency in quality of the Lake Rice and its availability was aimed at stopping the importation of the commodity.
“You will recall that it was in a bid to ensure availability of the commodity in Lagos that the state government sought the participation of major rice distributors.
“Lake Rice is of good quality. The difference between the commodity and foreign variety is that the imported commodity has a minimum storage life span of five to six years.