Why The Price Of Rice Is Falling In Parts Of Nigeria

Rice prices are falling in parts of Nigeria, with a 50kg bag now selling between ₦60,000 and ₦63,000 in places like Lagos, Ogun, and Niger states. In a country battling widespread inflation, this rare price drop raises questions about whether true economic relief is finally on the way. In today’s episode of Nigeria Daily, we look into what’s driving this trend by speaking with sellers, analysts, and everyday Nigerians.