Cherishing:
OP 50kg bag of rice is now #19000 , just bought one today for my mum

eph12:
What is the cost of the locally produced alternatives? I heard locally produced rice is also very expensive.

Jombojombo:

Amen!

APC is evil... Evil is APC!

JuliettaBitch:
The prices of commodities like imported rice, maize , beans, palm oil, sorghum and others have continued to rise at the Mile 12 Market in Lagos. This is reflected in the commodity index update, prepared by Novus Agro Nigeria Ltd, an agro-based firm, and made available to newsmen on Friday in Lagos.

According to the index, a 50kg bag of imported rice currently selling at N16,857 was sold for N14,800 last week, thus recording a whopping N2,057 increase. Miss Avaado Gaadi, Enumeration specialist at the firm, told pressmen earlier that increase in the price of imported rice was as a result of restrictions on imported commodities.

Gaadi said that the restriction was to uphold the Federal Government’s drive to diversify the economy, through promoting consumption of locally-produced commodities.

Meanwhile, the paint bucket measurement of imported rice has also increased to N1,457 as against N1,333 sold last week. Also, a 100kg bag of beans, which has been on a continuous increase since June, now attracts N25,714, as against N24,000 it attracted last week; while the paint bucket measurement remained stable at N900.

However, the 100kg bags of maize, sorghum, onions and 25-litre container of palm oil were on the increase at the market. Maize attracted N12,829, as against N11,375 it was sold for last week, recording a difference of N1,454, while the paint bucket measurement increased slightly from N500 to N507.

Sorghum now selling for N11,571 was sold for N10,313 last week, thus attracting an increase of N1,258, while the paint bucket measurement increased from N500 to N507. Also, onions increased slightly to N16,143 from N16,125, recording N18 increment, while the 2kg measurement remained unchanged at N500.

A 25-litre keg of palm oil increased to N7,286 from N7,063 it sold for last week, while the bottle measurement also increased from N250 last week to N280 this week.

While soya beans remained unchanged at N17,000 per 100kg bag, the 60kg and 100kg bags of garri and groundnut dropped in price. Garri, which now goes for N12,614, was sold for N12,763 last week; while groundnut now sells for N25,000, as against the N25,500 it attracted last week. However, the paint bucket measurement of both commodities remained unchanged at N600 and N950 respectively.

http://www.vanguardngr.com/2016/08/prices-rice-beans-maize-soar-lagos-market/

ichommy:
Anmambra & Kebbi Rice nko?

madridguy:
Sai Baba do something.

JuliettaBitch:
The prices of commodities like imported rice, maize , beans, palm oil, sorghum and others have continued to rise at the Mile 12 Market in Lagos. This is reflected in the commodity index update, prepared by Novus Agro Nigeria Ltd, an agro-based firm, and made available to newsmen on Friday in Lagos.



http://www.vanguardngr.com/2016/08/prices-rice-beans-maize-soar-lagos-market/

Midgut:
It's high time fg did something to stop this inflation!
in as much as I support fight against corruption, less time should be allocated to it! fight against venality is not the only issue affecting our dear country. inflation-----economic recession; and security-------bokoharam, nda, herdmen are the momentous!

madridguy:
Sai Baba do something.

Ademat7:
what APCs don't understand is that while u plan cooking jollof rice for d family which might take time u can give them soft drink and biscuit to keep the ministry moving meanwhile when d food is ready the children will be happy with the chain reaction but alas APC ask children to fast because of jollof in pipeline which may lead to ulcer,fainting in d course of waiting.
common sense is never common

Ademat7:
what APCs don't understand is that while u plan cooking jollof rice for d family which might take time u can give them soft drink and biscuit to keep the ministry moving meanwhile when d food is ready the children will be happy with the chain reaction but alas APC ask children to fast because of jollof in pipeline which may lead to ulcer,fainting in d course of waiting.
common sense is never common

lafuria1:

No economic magic will stop the inflation, none at all, the reason is simple, oil prices. Check out countries like Angola, Venezuela, Saudi Arabia, Google how their economy is fairing, Saudi Arabia is far better because they have a reserver of over 300bn dollars .
We import almost everything, when dollars was more than $100 per barrel, we were receiving so much dollars, price of dollars was down because we had so much of it but oil is $40 dollars per barrel, and coupled with militancy, we are not generating enough dollar revenue, which means dollars is scares, which means price of dollars go up which means price of imported commodities go up.
Short time solution, militancy stop their activities, and we sell our oil, hope for a big miracle that oil prices go up again.
The talk about diversification is to export more and import less which will take years to achieve.
Truth is, we have messed up as a country, disadvantage of oil dependent nation.

cash247:
One would imagine that the president with his previous experience as Head of State would know how to run a country better. If that's not enough, one would also think that over the years while contesting for the presidency, he's put together a master plan on how to move Nigeria forward. Obviously he wasn't ready for that. His only agenda was probably to revenge his ouster

Sijo01:
Buhariiiiiii so this is how you plan to starve your supporters and opponents?

Sijo01:
Buhariiiiiii so this is how you plan to starve your supporters and opponents?

Midgut:
It's high time fg did something to stop this inflation!
in as much as I support fight against corruption, less time should be allocated to it! fight against venality is not the only issue affecting our dear country. inflation-----economic recession
enter farm ; and security-------bokoharam, buy gun [/b]nda, [b] snitch [/b]herdmen [b] gun,arrow and bow, pepper or rat poison and bear traps are the momentous!

Earth2Metahuman:
I thought those who have never been to market but wail onlimd said a bag of rice is 22k?