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Current Prices of Bags of Rice in Nigeria

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Rice is no doubt the most common staple food in Nigeria. Most people and cultures of the world eat rice as an everyday, regular type of meal. It is a cereal grain and is harvested as a seed of the grass species scientifically known as Oryza sativa. In Nigeria, rice is not only a daily meal that can be taken anywhere and anytime, it is also a ceremonial food; it is a common feature at parties and ceremonies, including birthdays, marriages, naming ceremonies, and burial rites. But just how much is a bag of rice in Nigeria?

Some of the ways rice is prepared in Nigeria are Jollof rice, white rice, fried rice, Banga rice, coconut rice, and so on. Rice is packed in sacks of different sizes which include 50kgs, 25kgs, 10kgs, and even 5kgs. These go for different prices and are dependent on the brand, color and quality of the produce. For as long as memory can search, the price of rice in Nigeria has always fluctuated. This fluctuation can be seasonal or can be as a result of exchange rates (at the time Nigeria was still a major importer of rice). Things are quite different today, but rice is still not as cheap as Nigerians want it to be.Rice

There was a time when the price of rice in Nigeria was as high as N30,000 (thirty thousand Naira) per 50kg bag. This was between 2016 and 2017. Today, with the ban on the importation of rice and the rapid growth of rice farming in states like Kebbi, the price of rice has become somewhat bearable, but Nigerians keep wondering why rice cannot be as affordable as a basic meal can be. What is the true situation of rice in Nigeria? How much does it cost? Let’s first take a general outlook at what the situation is all over the world.

 

Prices of Rice in Nigeria

Below are the current prices of rice in Nigerian markets across the geopolitical zones in the country. These prices are for those who are not particular about brand per se.

50kg Bag of Rice @ Bodija Mkt, Ibadan N14,000
1 Congo of Rice @ Bodija Mkt, Ibadan N550
50kg Bag of Rice @ Dawanau Mkt, Kano N15,750
1 Tier of Rice @ Dawanau Mkt, Kano N990
50kg Bag of Rice @ Gboko Main Market, Benue N15,000
1 Mudu of Rice @ Gboko Main Market, Benue N900
50kg Bag of Rice @ Ughelli Main Mkt, Delta N17,300
1 Paint Bucket of Rice @ Ughelli Main Mkt N1,460
50kg Bag of Rice @ Lapai Mkt, Niger N17,000
1 Mudu of Rice @ Lapai Mkt, Niger N600
50kg Bag of Rice & Mile 12 Mkt, Lagos N15,400
1 Paint Bucket of Rice @ Mile 12 Mkt N1,300
50kg Bag of Rice @ Nkwo Nnewi Mkt, Anambra N17,000
1 Paint Bucket of Rice @ Nkwo Nnewi Mkt N1,660
50kg Bag of Rice @ Maitagari Mkt, Jigawa N18,000
1 Tier of Rice @ Maitagari Mkt, Jigawa N1,300
50kg Bag of Rice @ Umuahia Main Mkt, Abia N17,000
1 Paint Bucket of Rice @ Umuahia Main Mkt N1,550

We cannot explore the price of rice in Nigeria without considering the different brands that used to be available in the Nigerian market. These brands, which are produced by several countries across the world, dominated the Nigerian market for a long time. They include Mama Gold, Stallion, Caprice, Rice Master, Royal Stallion, and so on. Today, many of these brands still exist in the market at the following prices.

Prices of Mama Gold Rice in Nigeria

Mama Gold rice is a popular brand of rice in Nigeria and for very good reasons. It is a superior quality Thai-parboiled rice that contains very little starch content. Many Nigerians call it special rice for this reason, as it is easy to cook; you don’t have to spend too much time parboiling all over again. It comes in different sizes and prices accordingly. This rice is available in several markets across the country, including the popular Daleko market in Lagos.

  • Mama Gold 50kg Rice – N16,000 to N17,000 (depending on the market)
  • Mama Gold 25kg Rice – N7,500 to N8,500 (depending on the market)
  • Mama Gold 10kg Rice – N3,000 to N3,500 (depending on the market)

Prices of Royal Stallion Rice in Nigeria

This rice is marketed by Stallion Group of Companies, marketers of other Stallion-branded products, including several food items, automobile, and household items. Stallion rice is one of the world-leading rice brands, with rice from reputable countries such as Thailand, Vietnam, India, Brazil and the United States of America. It offers quality variety of rice and little wonder it is a well sought-after brand in the country.

  • Royal Stallion 50kg Rice – N15,500 to N16,500 (depending on the market)
  • Royal Stallion 25kg Rice – N8,000 to N8,500 (depending on the market)
  • Royal Stallion 10kg Rice – N3,000 to N4,000 (depending on the market)

Prices of Rice Master Rice in Nigeria

Rice Master Rice is another known quality brand that has dominated the market for some time and given satisfaction to our taste buds. It is a well-parboiled and tasty blend of rice with a unique flavor and color. It is available in major markets across the nation at a reasonably competitive price too.

  • Rice Master 50kg Rice – N16,000 to N17,000 (depending on the market)
  • Rice Master 25kg Rice – N8,000 to N8,500 (depending on the market)

Prices of Caprice in Nigeria

Caprice is another popular household name in Nigeria. In fact, it is one brand that you’re likely to see everywhere you look in the country. Along with Mama Gold and Stallion, it stands tall as one of the most popular rice brands in the country. It has been one of the cheapest brands as well for some time. Let’s now see how much this rice currently sells in the Nigerian market.

  • Caprice 50kg Rice – N15,000 to N16,000
  • Caprice 25kg Rice – N7,500 to N8,000

Prices of Other Rice Brands in Nigeria

Falcon Rice: This is a medium, long and whole grain rice that is produced in the United States. It is not a commonly eaten specie but is growing in popularity, especially among Nigerians who have spent some time in the USA and elsewhere.

  • Price (25kg) – N8,000 to N9,000

Basmati Rice: Basmati Rice is another brand that is fast growing in popularity. Many say it is low in sugar, and is therefore a choice rice for many weight-watching ladies, and maybe men too. Basmati rice come in its own unique packs and is available in several supermarkets across the country.

  • Price (5kg) – N3,800 to N4,200

Ofada Rice: In this group, ofada rice is probably the most popular. Named after Ofada town in Ogun state, it is commonly grown rice specie in the area and some other parts of the country. It is amazing because sometimes, the rice is treated as a luxury commodity, available in choice restaurants and bars across the country.

  • Price (5kg) – N2,000 to N2,500

The Global Rice Market

The world’s largest producer of rice is China. With a population of about N1.5billion people, you can imagine what the market is like. Oddly, China is not the world’s biggest exporter of rice. Even though the country produces about 30% of the world’s rice, it is not a known exporter of the product. The country is also the world’s biggest consumer of the rice.

The world’s largest exporter of rice is Thailand. As part of the world’s top 6 producers of rice, it exports 30% of the global rice export figures, and is slightly followed by Vietnam, India and the United States. Nigeria is nowhere near any of these indices as of yet. However, the country is a major consumer of rice. According to data from the Rice Farmers Association of Nigeria (RIFAN), rice consumption in Nigeria is currently around 7.9million tons, while the country produces about 5.8 million tons annually.

The figures have indeed been troubling. Between 2011 and 2015, the country imported more than 17million tons of rice. In 2016 alone, 2.3million tons were imported to partly cater for the 5.2million tons consumed that year. An estimated $5million is spent on rice shipment per day in Nigeria, and the commodity accounted for about 1.25% of the country’s 2017 budget. The situation has improved a lot since 2017, and the Nigerian government promises a new lease of life for both rice farmers and eaters.

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