Bag Of Local Rice Sells For ₦95,738 (See Price Of Beans, Egg, Meat) …C0NTINUE READING HERE >>>
The latest data released by the National Bureau of Statistics (NBS), shows that there has been a significant increase in the price of local rice and beans over the past year.
The ‘Selected Food Price Watch’ for September 2024 indicates that the price of a 50 kg bag of local rice soared by 152.9 percent year-on-year, reaching ₦95,738 in September 2024 up from ₦37,853 in September 2023.
Furthermore, the price of 1 kilogram of local rice also escalated, now standing at ₦1,914.77.
The NBS report stated, “The average price of 1kg Local rice sold loose went up by 152.92 percent on…
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