Food Hike: Rice dealers raise prices following FG’s duty waiver removal; brand price range disclosed

Following the end of the import duty waiver announced by the Nigerian government on essential food items, including rice, dealers have hiked the commodity’s price.

A market survey conducted by Legit.ng shows that the price of rice has increased by over N10,000 for a 50kg bag.

Importers blame the end of the import waiver

According to a dealer in the Ogba area of Lagos, Uzoma Egbe, the price of the staple rose by N10,000 per 50kg late last week…….READ THE FULL ARTICLE HERE