Legit.ng weekly price check: Rice sellers groan as a bag sells for N32,000 in popular Lagos market The rise and fall of food prices have become the new normal in Lagos market. Whilst the politicians are busy with the forthcoming general election in 2023, traders and buyers are worried over the current market condition. To get a Basmati bag of rice in Nigeria today, here’s the prices to expect: Basmati Bag Of Rice (5kg) N13,500 — N16,500: Basmati Bag Of Rice (10kg) N35,000 5 days ago · Below is a breakdown of the cost of buying the white or yellow cereal per bag in Nigeria. Maize type. Price per 100kg bag. White. ₦56,000. Yellow. ₦58,000. Notify us if you notice any outrageous discrepancy in this commodity price. Originally posted 2023-09-02 06:00:05.
As a result, Nigeria is now seeing a second wave of food price increases. Prices of all food items are making rapid climbs and showing no sign of slowing. In Mile-12 Market in Lagos, a 50kg bag of local parboiled rice now sells between N25,000 and 26,000 as against N23,000 sold a month ago, indicating 9 to 13 percentage rise in price.
2. Nigeria is Africa’s biggest economy. The population of Nigeria is 170million people and by the year 2021, it will be about a 200million people. The statistic shows that about 22million bags of rice is consumed every month. So there is a big and growing market for rice in Nigeria. 3.
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how much is 1 bag of rice in nigeria