BEFORE THE LAST RICE MILL CLOSES ITS DOOR
Nigeria’s rice milling industry is collapsing, nearly 90 mills have shut down and paddy prices have crashed 51% from ₦720,000 to ₦350,800 per tonne since 2025 shaped by the 2026 tariff reduction (bulk rice duty cut from 70% to 47.5%), alongside unchecked smuggling, near-doubled energy costs, and insecurity in farming areas. This threatens the 2030 …