currently the price of a bag is in the range of 23-25 thousand naira. As reported by Sahara reporters, the junior minister of agriculture has even claimed that the Price Of Rice May even Rise To N40,000 Per Bag before December.
Nigeria spends about $22 billion a year on importation of food stuffs, and this number could skyrocket if the price of rice keeps on increasing. but however has not given the federal government cause to lift the ban imposed on the importation of rice to nigeria.
DailyGists.Com.Ng ran a quick market survey to determine the current price of a bag of rice in nigeria, and what will found out will shock you.
the current market value of a bag of rice and a 100kg bag of beans at the popular Mile 12 market in Lagos, have slightly increased from N22,500 to N22,600 and N23,000 to N23,800 respectively.
Meanwhile, the paint bucket measurement of imported rice which used to sell for less than N1000 has also sour to N1,457.
a 100kg bag of beans, which has been on a continuous increase since June, now attracts N25,714, as against N24,000 it attracted last week; while the paint bucket measurement remained stable at N900.
Before i go on to list the prices of the commodities, i would like to point out that this hardship could be avoided.
“Did you know that Rice matures in three months”.
The average land you see in Bayelsa can grow rice, even some part of edo state, ekpoma precisely can grow rice so the colonial masters were not wrong when they said the Niger Delta could feed not only Nigeria but also the entire West Africa sub-region.
But its very unfortunate that agriculture is not getting the attention it used to get from the federal government.
Prices of Rice Bean, Maize and Oil in Nigeria is still not certain but keep on increasing.