Question: How much does rice cost in Nigeria?

How much is a bag of rice in Nigeria?

Prices of Different Bag of Rice in Nigeria 2021

Mama Gold rice is available in different markets in the country, and it comes in various sizes. The size of the rice determines the price, and they are listed below: Mama Gold 50kg bag of Rice – ₦25,000 to ₦32,000. 25kg Mama Gold Rice – ₦15,500 to ₦17000.

How much is 1kg of rice in Nigeria?

Conversion rate: One U.S dollar is 381.2 Nigerian naira.

Average prices of selected food products in Nigeria as of February 2021 (in Naira)

Characteristic Prices in Nigerian Naira
Broken rice (Ofada) , 1kg 462.42

How much is a bag of rice in Nigeria 2021?

In 2021, 50kg bag of foreign rice is sold for huge ₦31, 000 while Nigerian rice is sold for ₦25, 000 due to the unstable economy and only wealthy citizens could afford eating rice on daily basis.

Why is rice expensive in Nigeria?

In the case of rice, processing is an important and distinct feature in its production. … Nigeria’s rice processing techniques are inefficient. This has resulted in processed rice that’s too expensive and of a lower quality than rice from other countries like China, Vietnam and India.

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Which Nigerian rice is best?

Top 10 Best Brands of Rice in Nigeria & Prices (2021)

  1. Mama Gold (₦23,000 — ₦26,000) …
  2. Mama Pride (₦23,000 — ₦26,000) …
  3. Royal Stallion (₦26,000 — ₦29,000) …
  4. Caprice (₦26,000 — ₦29,000) …
  5. Anambra Rice (₦22,000 — ₦25,000) …
  6. Lake Rice (₦13,000 — ₦18,000) …
  7. Elephant Pride (₦24,000 — ₦26,000) …
  8. Ofada Rice (₦3,000 — ₦15,000)

How long does it take rice to grow in Nigeria?

Every household in Nigeria consumes rice and the demand for this product will only grow up high! Yields early. Many crops need from six months to one year to be ready for harvest. At the same time, rice needs only four-five months to be ready.

How much is rent in Nigeria?

Cost of living in Nigeria chart

Accommodation (monthly rent)
Three-bedroom apartment in city centre NGN 400,000
Three-bedroom apartment outside of city centre NGN 80,000
One-bedroom apartment in city centre NGN 150,000
One-bedroom apartment outside of city centre NGN 40,000

How many cups of rice is 1kg?

In terms of uncooked rice, cups can accomodate 200gms rice and hence we will get about 5 cups for 1 kg of rice. Its totally depends upon size of the cup. But ideal volume of a cup is 200 grams i.e. 5 cups will amounts to 1 k.g.

Is Nigeria owing China?

Nigeria owed China $3.402 billion as of March 31, according to the Debt Management Office. The amount covers 11 loan facilities from the China Exim Bank since 2010.

What is the minimum wage in Nigeria?

President Muhammadu Buhari in 2019 signed into law a bill to increase Nigeria’s monthly minimum wage to 30,000 naira ($79) from 18,000.

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How much is one bag of cement in Nigeria now?

How much is a bag of cement in Nigeria? As of present, the retail price of cement in Nigeria is ₦3,600 — ₦3,900 per bag, depending on brand, location, and other factors. And the wholesale price (600 bags) is ₦2,100,000 to ₦2,350,000, depending on the manufacturer.

How much is a bag of rice in Nigeria December 2020?

The 50kg bag of the Royal Stallion rice goes for about 29,500 naira to 31,000 naira, the 25kg bag goes for about 14,500 naira to 15,500 naira and the 10kg Rice for about 5,000 naira to 6,000 naira.

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