Few years back, Rice use to be one of the cheapest food one can get in the market. But presently, the price of Bag of Rice in Nigeria has skyrocketed to a place were poor man find it difficult to even eat the rice. In this post indogist will be discussing about the current prices of Bag of Rice in Nigeria in 2024.
Before we talk about the current price of Bag of rice in Nigeria, let’s first make you understand that there are some factors that affects the price of Bag of rice in the country. Some of the factors include transportation, exchange rate and Insurgency which makes farmers unable to farm as they are supposed to farm. Now let’s go down to how much rice costs in Nigeria presently.
Types of Rice in Nigeria
There are different types of rice in Nigeria. So when we are talking about the price of rice in Nigeria, note that the prices will be different because of the company that produces the rice. Eg Foreign rice is more expensive than the locally made rice.
Prices of Bag of Rice in Nigeria 2024
- Mama Gold Rice
Mama Gold 50kg Rice – ₦60,000 to ₦372,000.
25kg Mama Gold Rice – ₦30,000 to ₦36,000.
- Mama’s Pride Rice
Mama’s Pride 25kg Rice – ₦30,750 to ₦37,500
Mother’s Pride 50kg Rice – ₦31,500 to ₦38,000
- Caprice
25kg Rice – ₦33,000 to ₦38,000
- Impulse
50kg Rice – ₦61,500 to ₦73,000
- Royal Stallion Rice
50kg Royal Stallion Rice – ₦64,000 to ₦80,000
Royal Stallion Rice of 25kg – ₦33,200 to ₦40,700
- Ofada Rice
Ofada rice of 5kg sells inside the scope of ₦10,500 to ₦15,000
- Basmati Rice
5kg Pack of Basmati rice sells inside the scope of ₦11,500 to ₦17,500.
- Mother Africa
Mother Africa 50kg pack of rice goes for about N60,000 – N79,000 while the 25kg sells around ₦31,500 – N39,000.
- Lake Rice
The 50kg pack of Lake ride is sold inside the scope of ₦65,000 and ₦80,500, while the 25kg goes for ₦32,500 and ₦40,250
The bag of rice mentioned above and their prices are the estimated price of rice in the market today. The prices may differ because of the state or the town you are buying from. It is important to also note that the prices of this rice may actually be cheaper when you buy directly from the producers or the wholesalers than when you buy from the normal retailers on the street as they are were the prices mentioned above were gotten from.
If you have any other questions concerning the current price of bag of rice in Nigeria, you can use the comment section to direct your questions to us.
