In a recent interview aired on Channels Television, BUA Group Chairman, Abdul Samad Rabiu, shared his thoughts on the recent improvements in Nigeria’s food market, particularly in rice pricing. He expressed surprise at the public’s silence now that rice prices have dropped significantly, compared to the outrage when prices peaked.
“When rice was 100,000 everybody was shouting, I’m surprised now it’s down nobody came out to say it,” Abdul stated during the interview, calling attention to what he sees as selective public commentary on economic issues.
The video, posted on Channels TV’s official YouTube channel, shows the billionaire industrialist commending the federal government for its recent policy direction aimed at curbing inflation and improving food availability. He thanked President Bola Tinubu for what he described as “foresight” in creating an enabling environment for local production and price moderation.
Abdul noted that BUA Group has played a significant role in improving domestic food supply, particularly with investments in rice production and other agro-processing ventures. He emphasized that the positive impact of these efforts is becoming more visible in the market, though less acknowledged publicly.
“Things are beginning to turn around. Prices are beginning to drop, especially food items like rice, and this is due to deliberate efforts by government and private sector players,” he added.
His remarks come amid ongoing debates over food inflation, with many Nigerians still struggling with the cost of living. However, his comments aim to shift focus to the positive developments taking place and the need for balanced public discourse.
The BUA chairman’s perspective adds a fresh angle to the ongoing conversation about Nigeria’s food economy and the role of perception in national dialogue.
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