We all know that rice is a major food in Nigeria, not only in Nigeria but in some other countries as well, however, our topic today is centered on Nigeria and we will tell you all you need to know.
Previously, rice was imported as people deemed it the best type of rice, however, it was banned, and coupled with the economic situation the prices of rice have had a massive change which the prices will be listed below according to the rice brands.
- Mama Gold Rice: ₦85,000 — ₦90,000
- Royal Stallion Rice: ₦85,000 — ₦95,000
- Rice Master Rice: ₦85,000 — ₦90,000
- Caprice Rice: ₦90,000 — ₦95,000
- Nigerian Rice (Local): ₦85,000 – ₦90,000
The listed above are some of the major brands, you can equally source for cheaper rice brands if the mentioned above is not to your taste or budget.
Prices Of Rice Across Different Locations In Nigeria
The table below is the price of 50kg of rice across different states in Nigeria
| Location | Price Range (₦) |
|---|---|
| Abuja | 87,000 |
| Lagos | 85,000 |
| Jos, Plateau State | 80,000 |
| Ilorin, Kwara State | 78,000 |
| Ibadan, Oyo State | 78,000 |
| Port Harcourt, Rivers State | 85,000 |
| Bodija Market, Ibadan | 90,500 |
| Dawanau Market, Kano | 85,850 |
| Gombe Market, Gombe State | 85,600 |
Factors Influencing the Price of Rice In Nigeria?
There are some factors affecting the price of rice in Nigeria and they will be mentioned below
Exchange rates: The exchange rate plays a vital role in the prices of goods in Nigeria and Rice isn’t exceptional.
Market Performances: Market performance plays a huge role in the prices of Rice, this is the supply and demand and also the market competition
Seasonal Changes: Some types of changes in the season can equally affect the prices of rice.
Local production: Production in some areas can affect the price of rice.
What is the reason behind the price differences between Local and Foreign Rice?
I know you have this question in your mind and I will give you details on it.
Availability: Compared to Foreign rice, local rice is more available and at hand, it is more accessible and also affordable.
Importation costs: The expenses of Importing foreign rice and the taxes make it more expensive and less available to consumers.
Quality perception: Lots of consumers think that foreign rice is of higher quality than local rice, and this makes the price of foreign rice skyrocket.
In Conclusion
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