Prices of Rice in Nigeria per Bag (April 2024)

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I remember rice is eaten only on Sundays and during festive periods to show how dear rice is to an average Naija family. With rice being a staple food for millions of Nigerians, its prices per bag are closely watched. But between location, brands, and market forces, these prices fluctuate wildly.

For consumers, navigating this volatility poses a constant challenge. This guide breaks down the latest rice prices in Nigeria. So you can make informed purchases of this dietary mainstay.

Current Prices of Rice in Nigeria 

Rice is a staple food in Nigeria and prices per bag vary depending on brand, size, and location. Here are the latest rice prices across different cities in Nigeria:

Rice Prices by Location

LocationPrice Range per 50kg Bag
Abuja₦60,000 to ₦70,500
Lagos₦60,000 to ₦70,500
Jos, Plateau State₦60,000 to ₦69,000
Ilorin, Kwara State₦60,000 to ₦69,000
Ibadan, Oyo State₦60,000 to ₦70,500
Port Harcourt, Rivers State₦60,000 to ₦70,500

Prices for Different Local Rice Brands

BrandBag SizePrice Range
Ofada Rice1kg₦2,050 – ₦3,000
Ofada Rice5kg₦7,000 – ₦10,000
Mama Gold50kg₦37,400 – ₦45,000
Royal Stallion50kg₦40,000 – ₦50,000
Royal Stallion25kg₦18,000 – ₦25,000
Rice Master50kg₦30,000 – ₦40,000
Rice Master25kg₦15,000 – ₦20,000
Caprice50kg₦35,500 – ₦42,000
Caprice25kg₦15,000 – ₦21,800

Prices for Foreign Rice Brands

Foreign rice brands generally have higher prices compared to local varieties:

  • Falcon Rice (50kg): ₦44,000 – ₦46,000
  • Basmati Rice (5kg): ₦13,000 – ₦15,000
  • Basmati Rice (10kg): ₦25,000 – ₦30,000

Factors Affecting Rice Prices in Nigeria

Rice prices are subject to change and can vary depending on:

  • Market conditions like supply and demand
  • Location and transportation costs
  • Type of rice and brand

It’s advisable to check current prices with local retailers before purchasing. By staying informed, consumers can make smart decisions when buying rice.

Conclusion

Rice prices in Nigeria fluctuate based on many factors as mentioned above. A 50kg bag ranges between ₦55,000 to ₦71,000 depending on location. Various local and foreign brands are available at different price points. Consumers should stay updated on the latest prices to get the best deals when purchasing rice.

Price last updated: February 1st, 2024

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