Border Closure: Rice price Increasing by 29.41% In Two Months
According to Reports, The Price of rice a staple consumed during festivities in Nigeria, has risen by over 29.41 per cent since July, along with other foodstuffs. This is even as Christmas is just a few weeks away.
Anna Okon reports, Before August 28 when the Nigeria Customs Service closed the borders against her neighbours, the price of rice was N17,000 per 50-kilogramme bag, having risen from N14, 000 a few months before.
Currently the price of foreign parboiled rice, has gone up to between N22, 000 and N30, 000, findings by our correspondent have shown.
Also, the price of local rice that is positioned to replace foreign ones on Nigeria’s dietary palate has also gone up.
It was gathered that the local rice at Bodija market in Ibadan, Oyo State, was being sold for N20, 000 per 50kg bag and N16, 000/50kg in Minna in Niger State.
In Garko Market, Kano, it sells for N20, 000/50kg bag.
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