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
See what traders are doing to rice bags in the market. People will end up buying less than the stipulated weight of the bags. 🤷🏽♂️🤷🏽♂️🤷🏽♂️ pic.twitter.com/5tNP7os5QT
— TSB News (@TSBnewsnigeria) December 23, 2022
How much is a bag of rice in your area?