Rice dealers hike prices as FG’s import duty waiver ends, cheapest, most expensive brands emerge

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 ORIGINAL & FULL CONTENT HERE