We hear that a bag of rice costs N42,500. How much is it in your area?
TSB News reports that the cost of a bag of rice was shot in Nigeria just before the festive season and there have been varying reports of the cost of a bag. The price of 50 kg. handbag locally parboiled rice in Nigeria it shot up 53.6 percent in the last two months before Christmas.
A recent report says that a bag costs around N42,500 in the Festac area of Lagos state.
A recent video shared online shows that some merchants are hesitant to reduce the weight of the bags being sold. Look the following video
See what the traders are doing with the bags of rice in the market. People will end up buying less than the stipulated weight of the bags. 🤷🏽♂️🤷🏽♂️🤷🏽♂️ pic.twitter.com/5tNP7os5QT
—TSB News (@TSBnewsnigeria) December 23, 2022
How much does a bag of rice cost in your area?