University Of Ibadan produces rice, sells N4,000 per 10kg

Nigeria’s premier University, University of Ibadan, Oyo State has ventured into the production of rice courtesy of the Faculty of Agriculture as yuletide begins nationwide.

The cereal has been packaged into bags branded with the school name and sold at relatively cheap prices, courtesy of the Faculty of Agriculture of the school.

Sources who are representatives of the school quoted a 10kg bag of rice as N4,000 while a 25kg bag goes for N9,500.

The rice is said to be available at the "UIshopwell", a store at the Faculty of Agriculture of the school.