WAHALA!!! Price Of 50kg Bag Of Rice Climbs To ₦100,000

WAHALA!!! Price Of 50kg Bag Of Rice Climbs To ₦100,000

WAHALA!!! Price Of 50kg Bag Of Rice Climbs To ₦100,000

A recent survey has revealed that the price of a 50kg bag of rice, has now crossed the ₦100,000 mark, sparking wild concerns about affordability.

The survey showed that popular brands such as Caprice now sell for ₦123,500, Disney Princess at ₦102,000, Saelony at ₦110,000, Big Bull at ₦113,000, Mamas Pride at ₦114,000, while Tomato Gold reaches as high as ₦148,500.

Additionally, Big Bull sachet rice, initially priced at ₦200, now sells for ₦300, reflecting a recent increase.

Experts attributes the sharp rise in fuel prices under Tinubu’s government as another significant factor.

Since taking office on May 29, 2023, fuel prices have spiked from ₦175 per litre to ₦1,030, marking nearly a 500% increase within this period.

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