₦airaland Forum

commoditiesnig:
Lol Quite funny bro😂.

I meant we need to get new bag this week as price has been dropping... wifey actually told me food prices have been coming down. That's goodnews

Enjoy your new bag

shox:
rice from 30k enter 90k and then reduced to 70k now.

Tinubu is indeed working 😂😂😂
Government of propaganda

And if person talk them go say you be bad belle empty head people🤣🤣🤣🤣

What's the best market to buy in Lagos

kunle4toyeyaho:
When local manufacturers had opportunities to leverage on government's support and make life comfortable for fellow citizens,is it not hoarding they resorted to ? They were inflicting pains on people because they wanted to make huge profits. How can locally produced rice costs more than imported one and you want government to fold its arms and continue watching? Many of Nigerian farmers are greedy

... and many marketers associations are greediest too.

MadamExcellency:
A bag of rice selling at a price equivalent to minimum wage is absurd.

A Nigerian soldier told me he earned N36,000 per month in 2014, and bought 4 bags of rice from his town at N7,000 each and still got N8,000 to run expenses for the month but today, he is paid N90,000 and he can only afford a bag of rice. Na so, I begin to pity them.

Justice for military cadets.

sad bt true. I can attest to this.

FROM PDP #8,000 a bag







TO APC #70,000 a bag

kunle4toyeyaho:
When local manufacturers had opportunities to leverage on government's support and make life comfortable for fellow citizens,is it not hoarding they resorted to ? They were inflicting pains on people because they wanted to make huge profits. How can locally produced rice costs more than imported one and you want government to fold its arms and continue watching? Many of Nigerian farmers are greedy

Do government allow rice importation now?

Lanretoye:
bark,bark,bark and then sleep,when you wake up,your symptoms persists.
Even in the north that has a good number of people under the poverty line,they have since embraced realities…continue to Dey rant and wail,if you can’t afford rice of 70k,go and chop sand.if you can’t afford fuel of 955,your urine is free.real men look for means,dumb ones look for excuses

May heaven and the souls of millions of poor people who have passed on from this hardship forgive you for this statement.

You don't know what you are saying. Therefore may you be forgiven.

owobokiri:
Government of propaganda, By propaganda and for Propagandists...

Instead of solving national problems, they will run back to their Lagos ibadam express way mercenary press houses for more propaganda..

What's more? Dollar price moved down MASSIVELY from 1500/1usd to 1499/usd. Petrol from 1000/litter to 995/litter.

These are considered as earthshaking progress . Remind them of the prices of all these before APC and they start to foam in the mouth.

No spark, No fire.
No Substance upstairs, No inventive administrative abilities.
Just tribalism and sectionalism.

You're disappointed it is not news of doom from Saharareporters.

When the opportunity was given to them by the last government, they choke poor masses instead of them to leverage the price.

Rice manufacturers are wicked much more than politicians

sulakishop:
Importation to kill local manufacturers

To be honest food prices dropped. Here in Abj, a mudu of foreign rice was #3,500 but it now sells for #2,000 now.

Jagaban try. Hope local farmers eyes go clear now that borders have been reopened and importation has started.

NaijaphiliaBlog:
The price of rice is currently going through the floor in multiple markets all over Lagos, the economic capital of Nigeria.

This has been confirmed by traders and consumers in the city interviewed by the News Agency of Nigeria (NAN) and who disclosed that the essential victual has witnessed a sudden drop in price.

The crash in price affects both local and foreign brands of rice.

In various markets such as Arena (Oshodi), Festac Town, Mile 12, and Oyingbo, a 50kg bag local rice which sold for about ₦85,000 in January 2025 currently sells between ₦60,000 and ₦70,000.

Likewise, foreign rice which was ₦95,000 as at January is now between ₦65,000 and ₦75,000 depending on the brand/location.

The price drop has been credited to improved local harvests and a massive surge in imports following the reopening of Nigeria’s borders.



SOURCE
https://x.com/NaijaphiliaBlog/status/1982942007900172458

1. The slight movement in the Dollar/Naira Rates.

2. Smuggling.

NaijaphiliaBlog:
The price of rice is currently going through the floor in multiple markets all over Lagos, the economic capital of Nigeria.

This has been confirmed by traders and consumers in the city interviewed by the News Agency of Nigeria (NAN) and who disclosed that the essential victual has witnessed a sudden drop in price.

The crash in price affects both local and foreign brands of rice.

In various markets such as Arena (Oshodi), Festac Town, Mile 12, and Oyingbo, a 50kg bag local rice which sold for about ₦85,000 in January 2025 currently sells between ₦60,000 and ₦70,000.

Likewise, foreign rice which was ₦95,000 as at January is now between ₦65,000 and ₦75,000 depending on the brand/location.

The price drop has been credited to improved local harvests and a massive surge in imports following the reopening of Nigeria’s borders.



SOURCE
https://x.com/NaijaphiliaBlog/status/1982942007900172458

How much dem meet am

My Obidient neighbour has been depressed since the day he heard a bag of rice has come down to 55k, from the trader himself.
To compound his woes, the trader heaped praises on Tinubu and his economic team.

My Obidient neighbour, in response, has sworn to buy huge amounts of rice from the market and hoard it, with his 70k monthly salary, just to prove the trader wrong.
I wonder how he intends to do this with his 70k/month salary

simpleseyi:
If it doesn’t drop to 20,000 Naira, then it has not dropped. Stop glorifying nonsense.

Meanwhile, I stand with JAGABAN. If JAGABAN cannot do it, then it isn’t Peter Obi, Atiku, Rotimi Amaechi, El-Rufai, Aregbesola or Goodluck Jonathan that can do it.

So, who do you think can do it?

[b]you are unscrupulous. In Jonathan era, rice was sold for 8k per bag. Give us back our nigeria, oloriburuku oloshi omo asewo gbogbo. [b]

Ttalk:
Rice is not 70k, I just bought 1 at 55k. A moderate family will eat that for 2months even if they are wasteful.

If you want the price to come down to 20k hope you are equally ready to drop the service or the product you sell by 500%

Your income has increased by over 300% but you want those in rice business not to make gain from their business, that type of selfish mentality is what many of you carry into business and eventually kill the business, because you are too narrow to understand that the price of a product is the aggregate cost of other input and the purchasing power of the consumer.

Lanretoye:
bark,bark,bark and then sleep,when you wake up,your symptoms persists.
Even in the north that has a good number of people under the poverty line,they have since embraced realities…continue to Dey rant and wail,if you can’t afford rice of 70k,go and chop sand.if you can’t afford fuel of 955,your urine is free.real men look for means,dumb ones look for excuses

..

This is the most dumb ass and insensitive statement I've read on nairaland in a long time

Beremx:
Tinubu met a bag of rice at 45k. If he doesn't bring it down to that amount, he's not serious

He met minimum wage at 30k, it’s now 70k. Something that was 10k under PDP. If Tinubu cant bring minimum wage back to 10k under PDP I won’t vote him

sulakishop:
Importation to kill local manufacturers

Imagine that, would be insane if thats true

Lanretoye:
bark,bark,bark and then sleep,when you wake up,your symptoms persists.
Even in the north that has a good number of people under the poverty line,they have since embraced realities…continue to Dey rant and wail,if you can’t afford rice of 70k,go and chop sand.if you can’t afford fuel of 955,your urine is free.real men look for means,dumb ones look for excuses

I dont have a problem with your post but with the likes. Please, dont bother to reply me please, i heard all you said earlier. The likes and share people, God bless you. Wow, what a country. We truely are our problems. Forget the leafers. Me and you is the problem. An avarage nigeria hates sincerity, truth and most especially reality

While it is sold for 50k in some area in Kwara State.

I saw foreign rice #56k I was shocked.
Sharply I bought 2 bags

simpleseyi:
If it doesn’t drop to 20,000 Naira, then it has not dropped. Stop glorifying nonsense.

Meanwhile, I stand with JAGABAN. If JAGABAN cannot do it, then it isn’t Peter Obi, Atiku, Rotimi Amaechi, El-Rufai, Aregbesola or Goodluck Jonathan that can do it.

bro spoke perfectly walahi. But the problem is we the citizens.

Lanretoye:
bark,bark,bark and then sleep,when you wake up,your symptoms persists.
Even in the north that has a good number of people under the poverty line,they have since embraced realities…continue to Dey rant and wail,if you can’t afford rice of 70k,go and chop sand.if you can’t afford fuel of 955,your urine is free.real men look for means,dumb ones look for excuses

so you mean one shouldn't talk because you can afford everything..... If he can't afford the rice why not buy for him..... Nigerians and nonsense behavior

kunle4toyeyaho:
When local manufacturers had opportunities to leverage on government's support and make life comfortable for fellow citizens,is it not hoarding they resorted to ? They were inflicting pains on people because they wanted to make huge profits. How can locally produced rice costs more than imported one and you want government to fold its arms and continue watching? Many of Nigerian farmers are greedy

I dèy tell you, Nigerians are demons. They close border to help local producers instead of them to make good the situation, they decided to activate devil mode.

Nothing is crashing..
Still bought ½ bag of rice for 39k yesterday

Jozzy1063:
I saw foreign rice #56k I was shocked.
Sharply I bought 2 bags

LOCATION PLEASE.

NaijaphiliaBlog:
The crash in price affects both local and foreign brands of rice.

In various markets such as Arena (Oshodi), Festac Town, Mile 12, and Oyingbo, a 50kg bag local rice which sold for about ₦85,000 in January 2025 currently sells between ₦60,000 and ₦70,000.

Likewise, foreign rice which was ₦95,000 as at January is now between ₦65,000 and ₦75,000 depending on the brand/location.

The price drop has been credited to improved local harvests and a massive surge in imports following the reopening of Nigeria’s borders.

SOURCE
https://x.com/NaijaphiliaBlog/status/1982942007900172458

Read the OP below for a more comprehensive explanation of the unsustainable drop through import waivers for food.

treesun:
However, the import, which continued until January 2025, forced the prices of major grains, including wheat, millet, sorghum rice and maize, to plummet below production cost.

As a result of this, a large number of farmers who made significant financial investments in the production of grains are still losing money, and some of them are still trapped with old stock.

However, the minister, Abdullahi, said the government had yet to release the food items it imported. Answering questions from journalists during the World Food Day celebrations in Abuja, he said the government was aware of the impact of the drop in food prices and that it was working to mitigate it.

“We are fully aware of some of these dynamics, but let me make it very clear that, of course, we are looking at food security for our citizens, that is the overall interest of government. And if food is available, accessible, but not affordable, whoever is involved in the non-affordability will tell you it’s not food secure. Yet, we want an economy and a country where everybody is inclusively included in whatever we are doing.

“No one is left behind. So, what the government is doing is, ever since we came on board, we did not hide our intention to see that the prices of food come down to a level that is affordable.

“Now, what has happened is that from 2023, we went into massive production through the National Agricultural Growth Scheme and Agro-Pocket Programme. We injected a large volume, almost more than 500,000 metric tons of wheat, including maize, cassava, and all the other commodities that we promoted.

“This year, we also have a marginal increase, which means we are ramping up production. Now, the volume of food that is produced is responsible for the drop in prices,” he explained.

But farmers insisted that a simple visit to markets across the country would confirm the influx of imported food items, including other things like starch and ginger that were not among things approved.

And like in the states, price of foodstuffs, especially local rice, beans, guinea-corn, maize, millet, cassava flour, yam, and garri, has further crashed by up to 50 per cent in various rural markets in the Federal Capital Territory (FCT).

Farmers count losses

Mrs Blessing Janaru said she had many bags of maize, paddy and millet from 2024 harvest unsold because if she sells now, ‘the losses will be too much.’

“I spent more than N2.5 million and if I sell all of them, I cannot even get N1.5 million. So I decided to keep it hoping the prices go up; instead, it continues to fall, particularly for maize and millet,” she said.

Prof. Yusuf Sani Ahmad, the Executive Director, of the National Agricultural Extension and Research Liaison Services (NAERLS), while presenting the 2025 Wet Season Agricultural Performance Survey (APS) recently, drew the attention of the Minister of Agriculture and Food Security, Abubakar Kyari, to the fact that the current low prices of crops caused huge losses to the farmers.

“While the farmers have issue with high cost of inputs, especially fertilizer, the prices of food significantly crashed.

“Sir, the farmers are crying, it is only the consumers that are smiling. Something has to be done, that is the truth. Some are reporting that they would not go back to the farm. I have a client that lost over N27 million. So, there must be a special intervention to see how we can encourage the farmers to go back to the farm,” he told the minister in Abuja.

Alhaji Sani Abdullahi invested N6 million in rice production in Awe, Nasarawa State last season in a 10 hectare farm but could not recoup his investment because the price of rice crashed below the cost of production.

“When I sold the rice I harvested, I could only realise about N2.7 million. It was terrible! I became sick for some days because I was overthinking how to deal with the situation. I borrowed a lot of money to put into the farm and did not know what to do about it.


“This year, I did not even bother to farm rice because I’m still struggling to pay the loan I collected from different cooperatives,” he said.

https://dailytrust.com/farmers-fg-disagree-over-drop-in-food-prices/

shox:
rice from 30k enter 90k and then reduced to 70k now.

Tinubu is indeed working 😂😂😂
Government of propaganda

See sometimes you guys should use your head. Though we blame apc for putting us into this mess, but the country was already heading there already. If some of the reforms were not carried out, by now we would being a worse situation. By now maybe it would have been like 6k to 8k naira to a dollar and fuel price for be more than 4k because I doubt if government would have gotten the fund to support even if they are borrowing.

If gej had forget about his second term stick to the subsidy he removed that time, he would have save us from this mess.