Rice Price Drops to N58,000 in Nigeria Amid Benin Imports

Posted: 2025-04-30 23:56:31 UTC

@Punch NewspapersMobilePunch

#Nigeria

#economy

#imports

#Benin

#riceprice

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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.

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Last Updated

2025-04-30 23:56:45 UTC

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TL;DR;

A report by S&P Global indicates that the price of a 50kg bag of rice has decreased to N58,000 in certain remote areas of Nigeria, influenced by imports from the Republic of Benin.

Key Impact Areas

Rice price reduction in Nigeria

Impact of imports from Benin

Regional price variations

Challenges

Remote areas may still face higher prices compared to urban centers.

Fluctuations in import volumes could affect price stability.

Rice Price Drops to N58,000 in Nigeria Amid Benin Imports

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TL;DR;

Key Impact Areas

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