Rice, an integral part of the Nigerian diet and a symbol of cultural heritage, has historically adorned tables during celebratory occasions, reflecting its profound significance beyond mere sustenance.
However, the escalating prices of this dietary staple have burdened households, causing concerns over affordability and financial strain.
But, recent reports indicate a substantial reduction of over 20%, signaling a notable shift in the economic landscape of the nation.
Current Rice Prices Across Nigeria (May 2, 2024)
- 50kg Bag: N45,000 – N65,000
- 25kg Bag: N19,000 – N33,000
- 10kg Bag: N9,500 – N15,000