Rice Depot In Nigeria – Where To Buy Wholesale Rice (Bulk Rice Distribution)
RiceDepot.ng (Rice Depot In Nigeria) is a wholesale distributor / supplier of quality foreign and local rice in Nigeria.
Rice Depot In Nigeria
Rice is a major meal consumed in very large quantities in Nigeria. Every year, about 7 million tons of rice are consumed in the country.
The implication of this is that there is a very huge demand for rice and a lot of money is spent annually just to import rice so as to meet up with the high demand.
The issue of spending so much on the importation of food is a major challenge that is facing the African Continent. In fact the African Development Bank has it that roughly $35bn is spent yearly on the importation of food across Africa, this is regardless of the fact the continent houses two-thirds of the most arable uncultivated land in the world today.
To ensure that there is rice to meet up with the huge demand for rice in the country and to make sure that is made very affordable, as well as to stop spending a lot of money on the importation of rice, the federal government has banned the importation of foreign rice and has put several policies and programs in place to encourage agriculture particularly rice cultivation in Nigeria.
Some of the ways the government employed to encourage the cultivation include giving grants, offering loans with very cheap interest rate for instance the CBN launched a $130m initiative providing farmers that have at least 1 hectare of land loans at a 9% interest rate, and this is way below the benchmark interest rate which currently stands at 14%.
The farmers equally get funding from foreign agencies such as the world bank as well as grants and technology from NGOs.
All these efforts by the government has really begun to pay off. The US Department of Agriculture, World Markets and Trade has it that the country is presently producing 3.7 million tons of rice yearly and that is a great improvement from what was initially obtainable.
This will also tell well on the country’s economy because so much money will no more be spent on the importation of rice.
Types Of Rice In Nigeria
Ofada rice is the term used to describe locally produced rice considered by millions of Nigerians as one of the best.
It is produced in the southwest and southeast Nigeria.
Compared to others, the price is a bit on the high side, but the demand is high because nutritionists believe that it gives more nutrients.
Stallion/Aroso rice is a high quality brand one of the largest and widely distributed rice worldwide.
The following are some of the Stallion brands: Caprice, Tomatoes King, African Princess, Caprice Gold etc. These are very common in the Nigeria markets.
This Rice is of high quality and has a unique sensational taste, gluten free, has essential nutrients plus unique aroma that makes it stand out.
The brown rice is a whole grain with a mild, nutty flavor and chewier i.e it requires a lot of chewing before it can be swallowed.
Brown rice is more nutritious than the white rice.