In response to the Federal Government’s plea for farmers not to take advantage of the current border closure, producers of the Ogoja Rice have disclosed plans to slash the price of the grain ahead of the Yuletide season. Chairman of the Santuscom Agro-Hub Investment Nigeria Limited, producers of Ogoja Rice, Paul Santus, said the company is willing to crash the price of its 50kg bag to N14,000, saying all is set to meet rice demand in-country despite the skyrocketing price of the commodity in the market, following the border closure. Recall that Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, had appealed to rice farmers, millers and marketers not to increase the price of the grain, saying it would impact negatively on government’s aim on closing the borders. However, operators along the value chain cashed in on the situation to the extent that local rice, which sold at N16,000 for 50kg bag rose to N20,000 while foreign rice is sold at N22,000.