• Home
  • News
  • Entertainment
  • Tech
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Entertainment
  • Tech
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
No Result
View All Result
Federal Character
No Result
View All Result
The Rising Cost of Rice in Nigeria: Implications and Solutions

The Rising Cost of Rice in Nigeria: Implications and Solutions

Benita OrumabyBenita Oruma
2 years ago
in News
Reading Time: 2 mins read
A A
0
Facebook ShareWhatsapp ShareX Share

The escalating price of rice, a staple food in Nigeria, has raised significant concerns amidst people across the country.

Rice holds a central place in the heart of Nigerians when it comes to food. Consumed at least once a week in many households, it is also the most preferred for occasions and festivities.

However, the recent price surge has affected the financial capability of Nigerians, who either prepare meals at home or purchase food from different meal outlets and restaurants, transforming this essential staple into a luxury item, thereby making it especially challenging for low-income families to purchase food.

In major cities like Lagos and Ibadan, rice prices range from ₦1,300 to ₦1,400 per “de Rica” and ₦2,800 to ₦3,200 per “Congo” respectively.

To illustrate, an average family of five in Lagos, consuming two “de Rica” portions of rice twice a week, will likely spend between ₦11,000 to ₦14,000 monthly, totaling ₦130,000 to ₦160,000 annually solely on rice purchases.

The vice President of the Rice Farmers Association of Nigeria (RIFAN), Nnenna Ejim recently highlighted a number of factors that have contributed to the price hike. She complained of insecurity in the country, stating that farmers are scared to visit their farmlands due to recent concerns of kidnappings and unexpected killings, the farmer-herder crisis caused by the grazing of livestocks on farmlands. Increased input costs, and fluctuations in global markets, exacerbated by the Russian-Ukraine conflict affecting fertilizer supply.

The inability of farmers to harvest crops due to security concerns among other things have strained the availability of rice in the market. Additionally, challenges such as non-implementation of government policies, lack of insurance for farmers, and climate change impacts compound the situation.

Addressing these challenges requires concerted government efforts to ensure the safety of farmers and improve agricultural practices. Measures such as subsidizing inputs, including fertilizer and pesticides, promoting climate-smart agriculture, and enhancing security in farming communities are crucial steps towards stabilizing rice production and prices.

Through sustainable interventions, the government can alleviate the burden of rising rice costs and foster food security in the nation.

Tags: Businessfederal characterThe Rising Cost of Rice in Nigeria: Implications and Solutions
Share234SendTweet146
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Stories

Setback To Uber: Maryland Lawmakers Didn't Authorize Driverless Cars

Setback To Uber: Maryland Lawmakers Didn’t Authorize Driverless Cars

byEriki Joan Ugunushe
0

In a major blow to the expansion of autonomous transit on the East Coast, the Maryland General Assembly concluded its session without passing legislation to authorize fully driverless...

Australia, Japan Sign Contracts to Start $7 Billion Warship Deal

Australia, Japan Sign Contracts to Start $7 Billion Warship Deal

bySomto Nwanolue
0

Two of America's closest allies just locked in a $7 billion military deal. And the message to Beijing could not be clearer. Australia and Japan signed contracts on...

DOJ Just Did Something Unexpected on Capitol Riot Convictions

DOJ Just Did Something Unexpected on Capitol Riot Convictions

bySomto Nwanolue
0

President Trump pardoned more than a thousand people for their roles in the January 6 Capitol riots. But for a dozen members of the Proud Boys and Oath...

Yamal Equaled Lionel Messi by Winning His Second Laureus Award as the Rising Star is Still Shining

Yamal Condemns Racist Chants as Spain Held by Egypt in Barcelona Friendly

byHashim Kolawole
0

Yamal strongly denounced the racist and Islamophobic chants that were heard during the Spain national football team's 0-0 draw with the Egypt national football team in a friendly...

Next Post
What’s The Color Of Your Fingernail Telling You?

What's The Color Of Your Fingernail Telling You?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We bring to you precise and factual news

Recent Posts

  • Transcorp Hilton Abuja Guests Shocked as Hotel Resorts to Buckets Amid Water Crisis
  • Settle Your Issues Privately, Don’t Shame Ndigbo — J Martins Tells P-Square
  • Rosenior Rips Chelsea After Their Humiliating Defeat to Brighton as Deepening Crisis

Categories

  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Sports
  • Tech

Weekly Newsletter

  • About
  • Advertise With Us
  • Cookie Policy

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Entertainment
  • Tech
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health

Copyright © FederalCharacter.com 2026 .