Good day people.

I went to the market yesterday to get some groceries but i came back wailing.

Five thousand Naira left me with just some dropped of items. I couldn't even get up to half of what I went to buy.

Issorit.

But I happened to see the celebration of Nigerian rice in the market, I too was happy but the funny part of the celebration was, I asked how much and the rice was just two thousand Naira lower than the foreign ones.

In warri yesterday, foreign rice sold for 21-22 thousand Naira per 50kg and the local rice was 19-20 thousand Naira.

My question is, how does the local rice intend to chase away the foreign which our taste buds have lived with for generations if the prices are matching up together? Because there are still some Thai rice that are way cheaper.

Abi is there no price regulatory agencies or subsidy to this things for the main time to achieve its aim?

Anyway, am just observing and watching everything go wrong.

God help us.

Quite an important point you raised here and I must say i agree with you that the government has to do more in terms of price regulation.

That being said, I'm hopeful that the price will eventually come down.

Change has killed us officially.

Bro calm down its just a matter of little time. By the time dangote and cocharis rice hit the market that when you'll see the beginning of wisdom

Subsidy on petrol turned out to be a disaster. Now you want subsidy for rice? Issorite.

The high price you observed is simply a reflection of the market obeying the age long economic law of demand.

If there is scarcity, prices will go up
If demand is high, prices will go up