Local rice mills idle Prices hit ₦100k again Crisis may spark unrest Rice prices are now setting off serious alarm bells across the nation. A rising tide of concern has been stirring among both consumers and industry insiders alike. Eko Hot Blog has already spotlighted the intensifying challenge faced by ordinary Nigerians at market stalls, … Read more
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring food prices have made the traditional dish of jollof rice and chicken increasingly out of reach for many families, who are now carefully reconsidering their plans for the upcoming holiday season. To understand the cause, it’s important to note that … Read more
The rising prices of essential food commodities like rice, beans, and tomatoes in Nigeria are driven by economic fluctuations. The increasing prices of essential food commodities like rice, beans, and tomatoes in Nigeria are a significant concern for consumers and policymakers. This issue is complex, involving economic, environmental, logistical, and policy-related challenges. Addressing these issues … Read more
EKO HOT BLOG reports that the price of rice, a staple food for millions of Nigerians, has surged by 98.47 percent over the past year, rendering this essential commodity unaffordable for many households. The scarcity of paddy has been identified by industry experts as the primary factor driving the continuous increase in prices of local parboiled … Read more
Prices of garri (cassava flakes) and rice surge by over 50% in Enugu metropolis A cup of garri now costs N150, up from N120 in January A 50kg bag of foreign rice now sells for N78,000 – N80,000, up from N55,000 – N60,000 Eko Hot Blog reports that the residents of Enugu metropolis are grappling … Read more