• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
No Result
View All Result
Federal Character
No Result
View All Result
Home News
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
Share234SendTweet147
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

US School Bus Driver Shortage Persists as Districts Raise Pay to Compete

US School Bus Driver Shortage Persists as Districts Raise Pay to Compete

bySomto Nwanolue
0

School districts across the country continue to struggle to recruit and retain enough school bus drivers, forcing them to compete with other employers for a limited pool of...

​British Museum Negotiates Return of Sacred Caribbean Artefacts

​British Museum Negotiates Return of Sacred Caribbean Artefacts

byEriki Joan Ugunushe
0

​A diplomatic delegation led by Jamaican Culture Minister Olivia Grange has arrived in London to ensure the return of sacred Caribbean artefacts as part of a campaign for...

Jamaica To Present King Charles With Slavery Reparations Petition

Jamaica Files Slavery Reparations Petition with King Charles in London

bySomto Nwanolue
0

A Jamaican government delegation will file a petition on slavery reparations with King Charles during a visit to London, marking the first time a Commonwealth state has used...

New York Enforces Textured Hair Education in Beauty Schools

​New York Enforces Textured Hair Education in Beauty Schools

byEriki Joan Ugunushe
0

​As state policies take full effect, New York enforces textured hair education as a mandatory requirement for every student enrolled in beauty and cosmetology schools. Signed into law...

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 *

Federal Character

We bring to you precise and factual news.
Towson, Baltimore, Maryland, USA

Recent Posts

  • US School Bus Driver Shortage Persists as Districts Raise Pay to Compete
  • Australia Plans Law to Let Users Switch Off Social Media Algorithms
  • Trump Administration Ends Long-Running Probe Into Venezuela Businessman Amid Oil Talks

Categories

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

Weekly Newsletter

  • Home
  • About Federal Character
  • Advertise With Us
  • Cookie Policy
  • Sitemap

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
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .