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Food Crisis Unveiled: Nigerian Rice Prices Soar To ₦78,000 Amid Government’s Price Reduction Promises

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Food Crisis Unveiled: Nigerian Rice Prices Soar To ₦78,000 Amid Government’s Price Reduction PromisesThe Federal Government of Nigeria has unveiled a strategic plan aimed at curbing the rising prices of essential food items across the country within the next six months. This announcement was made by Abubakar Kyari, the Minister of Agriculture and Food Security, in response to the increasing cost of living and growing food insecurity.....KINDLY READ THE FULL STORY HERE▶

On July 10, Minister Kyari detailed the government’s commitment to implementing measures designed to tackle the current food crisis. These actions are intended to ease the financial strain on millions of Nigerians who have been struggling with soaring food prices.

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According to Naija News, this plan comes at a time of heightened frustration among the populace, aggravated by economic challenges and inflationary pressures affecting the Nigerian economy.

The government’s strategy includes boosting agricultural productivity, improving food supply chains, and stabilizing local market prices. These initiatives are part of a broader economic recovery effort aimed at achieving food security and promoting sustainable growth.

Here are the current prices of major food commodities:

Rice:

  • Foreign rice: ₦78,000 per bag
  • Nigerian rice (stone-free) and various foreign rice: ₦65,000 per bag
  • 50kg bag of Golden Rice Nigeria rice: ₦75,000 per bag
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Beans:

  • White beans (25kg): ₦30,000
  • Brown beans (25kg): ₦30,000
  • Honey beans (25kg): ₦37,500
  • White beans (50kg): ₦60,500
  • Brown beans (50kg): ₦60,000
  • Honey beans (50kg): ₦75,000
  • White beans (100kg): ₦120,000
  • Brown beans (100kg): ₦120,000
  • Honey beans (100kg): ₦150,000

Garri:

  • 1kg: ₦1,500
  • 5kg: ₦7,500
  • 10kg: ₦15,000

Tomatoes:

  • Small basket: ₦6,500
  • Large basket of premium quality: ₦45,000 to ₦70,000

Garri (alternative measurements):

  • 1kg: ₦1,000
  • 5kg: ₦5,000
  • 10kg: ₦10,000
  • 25kg: ₦25,000
  • 50kg: ₦50,000
  • 100kg: ₦100,000
  • 1 ton: ₦1,000,000
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PDP Faction Dismisses Reports On Anyanwu’s Suspension Appeal.

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The Nyesom Wike-aligned faction of the Peoples Democratic Party (PDP) has dismissed reports about Senator Samuel Anyanwu’s appeal, describing them as misleading and taken out of context.....KINDLY READ THE FULL STORY HERE▶

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ADC Crisis Deepens As Binani Allies Dump Party In Adamawa.

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Fresh divisions have hit the African Democratic Congress (ADC) in Adamawa State, as a faction loyal to Aishatu Dahiru Ahmed Binani announced its mass exit from the party.....KINDLY READ THE FULL STORY HERE▶

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UNIABUJA Honours Odili, Ali, Issa As 17,300 Students Graduate.

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Yakubu Gowon University (formerly University of Abuja) has graduated 17,300 students at its combined 29th and 30th convocation ceremonies held on Saturday at the main campus.....KINDLY READ THE FULL STORY HERE▶

The university also conferred honorary Doctorate Degrees on Paul Odili, Founder and CEO of Paulo Group of Companies; Prof. Yusuf Ali, SAN; and Emmanuel Issa, in recognition of their contributions to society.

Vice Chancellor, Prof. Hakeem Fawehinmi, said the honourees were selected based on their character, achievements, and commitment to excellence.

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He urged graduating students to focus on what they can contribute to national development, stressing that character, discipline, and integrity would determine their success beyond the classroom.

According to him, certificates may open doors, but personal values and conduct will shape long-term achievements.

The Vice Chancellor also reminded the graduates to uphold the reputation of the institution wherever they go.

Fawehinmi disclosed that the 29th convocation covered the 2022/2023 academic session, while the 30th covered 2023/2024, with thousands graduating across undergraduate and postgraduate programmes.

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Speaking after receiving his honorary award, Dr. Odili dedicated the recognition to Nigerians with dreams and encouraged young people to remain persistent in pursuing their goals.

He also pledged support for the university, promising collaboration aimed at addressing key challenges facing the institution.

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