Rice Price Crashes as FG Sells 50kg Bag Cheaper, Dealers Show Best Brands

Rice Price Crashes as FG Sells 50kg Bag Cheaper, Dealers Show Best Brands …C0NTINUE READING HERE >>>

The price of rice has fallen from N80,000 per 50kg bag to about N65,000  for Nigerian rice and N68,000 for foreign riceThe crash comes amid plans by the Nigerian government to sell 50kg bag at N40,000 to civil servantsDealers say that the staple’s price was also affected by the plan of the Nigerian government to remove duty on imported food items

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

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