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In a move to address rice pricing and provide relief amid global economic challenges, the Government of Sierra Leone (GoSL) has established a new pricing formula for rice.
The agreement was reached on January 6, 2025, during a high-level meeting involving the Chief Minister, Ministries of Finance, Agriculture and Food Security, Trade and Industry, and the Majority Leader in Parliament, alongside prominent rice importers.
Effective January 7, 2025, the wholesale price of parboiled rice will be reduced to NLe 840 per 50-kilogram bag, with a further reduction to NLe 799 per 50-kilogram bag set to take effect on February 14, 2025. The new pricing formula, developed through on-going technical engagements, will be updated periodically with input from the GoSL and major importers.
The Ministry of Trade and Industry has committed to working with rice retailers to ensure the price adjustments are reflected in the unit cost of rice sold to consumers. This initiative aligns with the Feed Salone agenda, aimed at boosting food security and affordability.
The GoSL also announced plans to support rice importers through policies and incentives designed to stabilize the market and enhance affordability. Similar agreements are being finalized for other essential commodities to address the economic challenges facing citizens.
“The Government remains committed to promoting productivity, equity, and growth across all sectors,” the statement said.
Good news.
Thanks HE Bio. At least we can start from somewhere. Salone go betteh ma. By God e power under dis government.
Amen 🙏🏽
Well a half loaf of bread is better than nothing may the good Lord continue to bless sierra Leone 🇸🇱
AAMEEN
Well na dis we want for dae yerie . Thank you papa government,
but still more reduction after dis.
May God protect us from evil
Is a good news for us
I hope government will monitor this price control
Thanks very much Mr president
Thank you the government of Sierra Leone May God continue to bless you with wisdom knowledge and understanding how to handle afairs of the people
Waw at least things have started making sense
Thanks allot to the GoSL
Wao, what a great news 📰 this is what we need as a citizen to be proud of. May God continue to bless this initiative and we pray for more reduction in Rice 🍚🌾 and other commodities. As a government just tackle the bread 🥪🍞 and butter 🧈 🧈 we the people always be there for you. Thank you Mr president and your cabinet 🗄️.
Alihamdulilah 🤲 for the good news, May Allah almighty God bless you Papa government but please minister be keep obverseing this price control may all of us stay bless
Thank God for everything but we need more reduction for the lay man to able to afford it
It’s great to see the government taking proactive steps to reduce the price of rice, as this will certainly ease the financial burden on many households. However, as you rightly pointed out, effective enforcement is crucial to ensure that the intended benefits reach the people who need them most.
In addition, lowering the pump price of fuel could indeed have a significant positive impact on living conditions. Fuel is a key economic driver, and reducing its cost would not only lower transportation and production costs but also help curb inflation, making goods and services more affordable for everyone. Hopefully, the government will consider this broader approach to address the economic challenges faced by citizens.
Thank you to the GoSL for this gradual improvement, we know it will be slow but sure that the Government will deliver.
It’s indid good news for us all It’s left with the implementation of it, so that e nor go lef na pen n per nor more for go dea read am
What is the actual reduction now per bag of 50kg for us the consumers ?
Una for don put am down to 500 Leone’s
God will definitely bless our new direction 🙏🙏🙏