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
| Location | Price 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
| Brand | Bag Size | Price Range |
|---|---|---|
| Ofada Rice | 1kg | ₦2,050 – ₦3,000 |
| Ofada Rice | 5kg | ₦7,000 – ₦10,000 |
| Mama Gold | 50kg | ₦37,400 – ₦45,000 |
| Royal Stallion | 50kg | ₦40,000 – ₦50,000 |
| Royal Stallion | 25kg | ₦18,000 – ₦25,000 |
| Rice Master | 50kg | ₦30,000 – ₦40,000 |
| Rice Master | 25kg | ₦15,000 – ₦20,000 |
| Caprice | 50kg | ₦35,500 – ₦42,000 |
| Caprice | 25kg | ₦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
