According to Daily Independent findings, the present rates of a bag of rice in Nigeria depend on the brand and come in four different weight categories—50kg, 25kg, 10kg, and 5kg.
These have skyrocketed, making the situation untenable.
The average cost of a 50kg bag of imported rice is currently N55,000, whereas the average price of a 25kg (half) bag is N28,000.
Brand-specific prices indicate that 50kg bags of My Food brand cost N60,000; My Choice brand N55,000; Caprice N60,000; Royal Stallion N55,000; and Mama rice N55,000.
For Nigerian rice brands, however, 50kg of Abakiliki rice costs N50,000, a similar amount of UMZA rice costs N50,000; Big Bull rice costs N69,000; Elephant rice costs N50,000; and Ofada rice costs N80,000, respectively.
