HomeBusinessInadequate Supply: Local rice...

Inadequate Supply: Local rice N23,000; foreign rice N33,000 — Lagos sellers

Some rice sellers in Lagos State have expressed worry at the increase in the cost of the commodity, with many of them blaming it on inadequate supply.

The traders spoke  in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos.

Mrs Oluwasikemi Ohundayo, a trader at the Igando Market, said that ban on importation of rice, though meant to develop local rice production, was biting hard on Nigerians.

“The road is not free again because of border closure, and I believe the government did it to develop our own rice production capacity, but we do not have enough farmers.

“A lot of people are after white-collar jobs; even those that studied agriculture in schools are not ready to be farmers,” she said.

She expressed optimism that local rice production would increase, and cost of the commodity reduce.

Mrs Funmi Akinnawo,  who sells rice at Isheri area of the state, also told NAN that the ban on rice importation was still affecting availability of the commodity.

“Many people are still buying foreign rice; they do not really believe in Nigerian rice, there are complaints that no matter how they clean it, there are still stones,” she said.

The trader urged the Federal Government to ensure improvement in the quality of  Nigerian rice as well as ensure increased farming and supply.

A foodstuff trader at Iyana-Ipaja, Mr Bello Garuba, told NAN: “A bag of local short-grain rice is sold for  N23, 000, foreign short-grain rice,  N32,000 or N33,000, while long-grain foreign rice sells for N28, 000 per bag.

“We have many Nigerian companies that produce rice now yet the price has not come down,” Garuba said.

Mr John Nwabueze, a resident of Alimosho in Lagos State, also noted that many Nigerians preferred foreign rice to local rice.

He noted that although foreign rice was banned, it was still being smuggled into the country and many Nigerians went for it in spite of the cost.

According to him, short-grain foreign rice preferred by many people is now scarce.

“The high demand for short-grain foreign rice has caused a hike in the price,” Nwabueze said.

Investigations by NAN reveal that a 50kg bag of local rice sells for between N24, 000 and N25, 000, a 50kg  bag of short-grain foreign rice sells for between N32, 000 and N36, 000.

Long-grain foreign rice sells for N28, 000 per 50kg bag.

]n December 2021, short-grain foreign rice sold for N24,000, and long-grain, between N26,000 and N27,000; while local rice sold for N23,000.

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...