Lagos rolls out LAKE Rice for Xmas, jacks up price

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The Lagos State Government on Tuesday began the sales of its popular brand of rice, LAKE Rice, in preparation for the coming Christmas celebration with the formal flagged off of the exercise by the State Commissioner for Agriculture, Prince Gbolahan Lawal.

The new price for a bag of LAKE Rice is now N17,000, up by N3,000 from the N14,000 it sold during Easter period.

This may not be unconnected with the closure of borders by the Federal Government which had seen the cost of rice tripled as demands far outweighed supply.


Lawal noted that the Lake Rice were available for sales at its sales centres across the State at the Agricultural Development Authority Complex, Oko-Oba; Lagos State Agriculture Inputs Supply Authority (LAISA), Ojo and the Blue Roof at LTV Complex, Agidingbi, Ikeja.

The Commissioner added that other centres were Lake Rice could be bought were Farm Service Center, Epe; Odogunyan Farm Service Centre, Ikorodu; Teslim Balogun Stadium, Surulere; Farm Centre, Ajah, Government Technical School, Ikotun; Farm Service Centre, Badagry and the Mobolaji Johnson Sports Centre, Rowe Park at Yaba.

He disclosed that the price of a 50Kg bag of the LAKE Rice is N17,000, while 25kg bag is N8,500 warning that the Lake Rice should not be sold above the approved prices.