NEWS: Gloomy Christmas: How Price of 50kg Bag of Rice Soared From N10,000 to N100,000 in 10 Years

Gloomy Christmas: How Price of 50kg Bag of Rice Soared From N10,000 to N100,000 in 10 Years

Henzodaily.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.

In 2014, a 50kg bag of rice in Nigeria cost around N10,000, making it an affordable staple for most households. Fast-forward to 2024, and the price has skyrocketed to a staggering N100,000, raising concerns among consumers and traders alike.

The journey of rice prices in the past decade reveals a complex web of economic challenges, policy decisions, and global…

>

Leave a Reply

Your email address will not be published. Required fields are marked *