Rice price crashes in Lagos markets as supply surges
[NigerianEye - Nigeria] - 26/10/2025
Rice prices have dropped drastically in several Lagos markets due to a surge in imports through the borders, easing the burden on consumers.The development, however, has raised concern among traders over reduced profits and business sustainability.The News Agency of Nigeria reports that 50 kg of rice in Lagos currently sells for between N55,000 and N70,000, depending on the brands.The traders and consumers who spoke with NAN in separate interviews in Lagos disclosed that the staple food has witnessed a sudden crash in price.They noted that both local and foreign rice brands have witnessed (…)
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