Rice Prices Drop in Nigerian Markets, Sparks Mixed Reactions

• The price of imported rice in Nigeria has dropped from ₦85,000–₦90,000 to between ₦56,000–₦62,000 per 50kg bag, sparking mixed reactions online.

• While some supporters of President Tinubu praised the development, critics argued that the prices remain too high compared to previous administrations.

Social media is buzzing after reports showed that the price of imported rice has dropped in some Nigerian markets.

A market survey on Thursday revealed that a 50kg bag, previously sold at ₦85,000–₦90,000, now goes for between ₦56,000–₦62,000.

The news sparked jubilation among some supporters of President Bola Tinubu, who credited his administration. On X, @UnclePamilerin wrote: “Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”

Another user, @Mz_Tosyn, added: “I said rice is 57k, people that they are still feeding are arguing in my mention 🤦🏾‍♀️. Me that I bought 3 bags yesterday vs someone that is still collecting allowance.”

Critics, however, argued that rice remains expensive compared to previous years, dismissing the celebration as premature.

See some of the reactions below:

Mista_Sean added: “Youths like this are the reason the political class will always have their ways with corruption and bad leadership.”

@smiling_dictato noted: “This guy is a big fool, not talking about the stupid taxes being imposed on us every two days. Yehyeh minimum wage can buy a bag of rice now, because na only bag of rice you go chop for the month.”

@Uptownoflagos argued: “You’re celebrating that minimum wage for a month can now buy a bag of rice? Where’s 10 years ago, minimum wage could buy 3 bags of rice, transport, feed and 5% for savings. Are we playing in this country?”

Similarly, @PDPRepublic wrote: “APC influencers trying to convince Nigerians that Tinubu is doing well. 🤡.”

@_Kamor questioned: “So…. boil rice in cold water and eat?!? How much is propane? How much is electricity fee? Tomato? Oil? How much is TP to work?”