We hear the cost of a bag of rice is N42,500. How much is it in your area?

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We hear a bag of rice is N42,500. How much is it in your area?

TSB News reports that the cost of a bag of rice soared in Nigeria just before the festive season and there have been different reports of the cost of a bag. The price of a 50kg bag of locally parboiled rice in Nigeria soared by 53.6 percent in the last two months before Christmas.

A recent report says that a bag cost about N42,500 in the Festac area of Lagos state.

A recent video shared online shows that some traders are being dubious by reducing the weight of the bags being sold. Watch the video below

How much is a bag of rice in your area?