What causes a raise in rice prices in Nigeria?
Rice is a staple food for everyone, not just the poor or the rich, as it is the staple food in Nigeria, but it seems to be appealing to the less fortunate due to its rising prices especially in recent months.
Home buyers and rice sellers are complaining about how prices are constantly changing despite the increase in local rice production and the resurgence of agriculture.
One of the key issues the Nigerian government is focusing on is strengthening rice farming and preventing imports from the country in an effort to boost domestic production and reopen the revenue base.
The government claims that Nigerian farmers are now feeding the country, and that the cost of importing rice to the country has been reduced by $ 5 million a day, Malam Garba Shehu, a spokesman for Nigerian President Muhammadu Buhari.
However, banning rice imports and embracing local farming, which is thought to bring in cheaper and less expensive food, seems to be having little effect, given the price of rice has shifted from what it used to be.
One of the key issues the Nigerian government is focusing on is strengthening rice farming and preventing imports from the country in an effort to boost domestic production and reopen the revenue base