Amid the extensive economic policies rolled out by President Bola Tinubu’s administration, Nigeria is experiencing a notable increase in the cost of basic food items.
This surge is particularly evident with rice, a staple in the Nigerian diet.
The rising cost of rice has had a profound impact on the living standards of many Nigerians. A large portion of the population now finds it increasingly challenging to afford three meals a day, let alone maintain a balanced diet.
Despite the rising prices of essential goods, there has been no corresponding increase in the minimum wage for workers across Nigeria.
This disparity places an additional financial strain on households, exacerbating their struggle to meet daily needs.
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High transportation costs further strain workers’ finances. These costs consume a significant portion of their earnings, leaving little to nothing for feeding and accommodation.
Osun Defender conducted a comprehensive survey across all 36 states to assess the current price of a 50kg bag of rice, a critical measure of food affordability. The survey’s findings highlight the widespread impact of inflation and economic policies on food security.
The survey revealed a significant price disparity for rice across different states. This variance underscores the uneven effects of economic conditions on various regions within the country.
The price of rice also fluctuates based on brand and quality. These variations further complicate the ability of many Nigerians to afford this essential staple, impacting their overall food security.
As rice prices continue to soar, the economic burden on Nigerian families intensifies. The lack of wage increases coupled with high living costs creates a precarious situation for the working class.
Addressing the disparity in rice prices and the broader issue of food inflation is crucial for improving living standards. Ensuring affordable access to essential commodities like rice should be a priority for policymakers.
Ultimately, the economic policies of President Tinubu’s administration must consider the immediate needs of the population. Balancing economic reforms with measures to protect the living standards of everyday Nigerians is vital for long-term stability and prosperity.
Below is the current price of a bag of rice in Nigeria.
Abia: N80,000
Adamawa: N75,000
Akwa Ibom: N80,000
Anambra: N70,000
Bauchi: N75,000
Bayelsa: N80,000
Benue: N75,000
Borno: N75,000 – N90,000
Cross River: N85,000
Delta: N80,000
Ebonyi: N70,000
Edo: N75,000
Ekiti: N85,000 – N90,000
Enugu: N70,000
Gombe: N85,600
Imo: N80,000
Jigawa: N75,000
Kaduna: N75,000
Kano: N85,850
Katsina: N70,000 – N85,000
Kebbi: N75,000 – N80,000
Kogi: N80,000
Kwara: N85,000 – N95,500
Lagos: N85,000 – N95,000
Nasarawa: N75,000
Niger: N65,000
Ogun: N85,000 – N90,000
Ondo: N80,000
Osun: N75,000 – N85,000
Oyo: N90,500
Plateau: N85,000 – N95,000
Rivers: N85,000 – N95,500
Sokoto: N80,000 – N95,000
Taraba: N70,000
Yobe: N80,000
Zamfara: N75, 000
Abuja: N85,000 – N95,000
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