Rice prices have dropped sharply in several Lagos markets due to a surge in border imports, easing the burden on consumers. The development, however, has raised concern among traders over reduced profits and business sustainability. The News Agency of Nigeria (NAN) reports that 50kg of rice in Lagos currently sells for between N55,000 and N70,000,…
Daniel Bwala, Special Adviser to the President on Media and Publicity, says rice is no longer a luxury item for Nigerians. According to Bwala, the Tinubu administration’s food security policies have made the staple more accessible and affordable. Speaking in an interview with DW Africa on Friday, Bwala said the government has made “tangible and…
The Chairman of BUA Group, Abdul Samad Rabiu, has pledged to further lower the prices of rice and other food items, which he said have already decreased over the past year. He commended President Bola Tinubu for granting waiver on imported food items, saying that his “foresight” helped crash food prices in the country. In…
Residents of Ogun State have dismissed claims of “deadly rice” circulating in communities within the state, describing the rumours as mere “business gimmick.” Recently, voice messages were circulated by concerned parents and relatives, warning their loved ones against buying or consuming rice. According to the messages, a foreign trader allegedly invoked the spirit of the…
There is tension in parts of Ogun and Lagos states over rumours that there is deadly rice in circulation. Parents and relatives send voice messages to their loved ones, warning them against buying or consuming rice at this time because a foreign trader had invoked the spirit of Ogun deity after her two trucks of…
The Federal Government of Nigeria has commenced the sale of 30,000 metric tonnes of milled rice to Sokoto State civil servants at a subsidised price of ₦40,000 per 50kg bag. The initiative was launched on Thursday at the Cabinet Office in Sokoto, with the Sokoto State Head of Service, Alhaji Sulaiman Fulani, overseeing the unveiling…
The National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered a massive counterfeit rice operation in Nasarawa State, leading to the seizure of 1,600 bags of fake rice worth an estimated ₦5 billion. “In a major operation, NAFDAC has shut down eight rice shops and a warehouse in Karu Local Government Area…
Rice is a staple crop essential for global food security, yet its production is highly sensitive to environmental stressors. Upland rice ecosystems, which depend on rainfed conditions, face increasing challenges due to erratic rainfall, prolonged droughts, and rising temperatures exacerbated by climate change. These stresses threaten the livelihoods of smallholder farmers, who predominantly cultivate rice…
In a bid to make rice more affordable for Nigerians, sachets of rice have been reintroduced into the market, following the surge in prices of the staple food. A 50kg bag of local rice now costs between N78,000 to N90,000 in the country, depending on the location and brand. These values are higher than the…
The average price of imported high-quality loose rice has risen by 144.77 per cent over the past year, according to a report by the National Bureau of Statistics (NBS). The selected food prices report published by the Bureau said the average price for a 50kg bag of imported rice has jumped from N49,103 in September…