The Price Of Rice Finally Crashes Drastically – See New Price!

This should be a great relief for Nigerians after reports confirmed that the price of local rice in the country has crashed in some states across the federation. The News Agency of Nigeria (NAN) quotes the Central Bank of Nigeria (CBN) as saying the agricultural initiative ‘Anchor Borrowers Programme’ which the federal government launched recently, is responsible for the drastic change in prices.

Making this remark on Saturday, November 19 in Imo State was Mrs Nkechi Osuji, the head of CBN’s development financing department at a sensitization workshop attended by local government representatives of small holder farmers, cooperative societies, youths and women groups drawn from the 27 local government areas of Imo.

According to her, a 50kg bag of local rice can now be bought for N13,000 in states where the scheme has been embraced. She also added that the more the states that join, the cheaper the products in the market. The CBN representative also encouraged participants to take the programme seriously as it has the potential of providing over one thousand jobs for unemployed youths and graduates.

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  • Kenny D Osonwa

    Hmmmmm, I pray ooo

  • Cornel Nwankwo

    How sure is this info, a bag of local rice for 13,000……..that will be encouraging if this is true.

    • Jb

      The infor is true, I bought 2 bags of local rice in Kaduna at N12,000.00 each. Understand the woman said this is only available in states that are involve in farming the rice. Not all over Nigeria, however the situation has already started forcing down the price of imported rice in some states.

      • Cornel Nwankwo

        Okay oooooooooooooo

  • donatus

    make everybody just be care….. because them don import plastic rice and mix am with real rice. so test half cup with fire to see if e go burn and smell like plastic before you eat am oooo

  • I just dey laugh

    even if them like sell bag for 100k I go still buy for my family i no shake because God never fall.. Nigeria is dead in the hand of Buhari

  • emekachilaka

    so 13k na de crash rubbish abeg make this story go far

  • Still high

  • WillieBravo

    It’s hard to believe anything these days men.

  • chika bibian

    Story….the price of rice never fall reach that extent oo

  • Mezzy Gilbert


  • Olovo Obinna

    This paper story na lie oh….rice now a bag is almost 16k here in lag oh

    • Mezzy Gilbert

      Both d made in anambra?

      • Olovo Obinna

        Even the so called made in anambra na scam…someone told me in anambra…obiano decided to sell to civil servants in the state compulsorily @subsidize rate while outsiders buy @high price

        • emekachilaka

          lett them be fooling themselves