The Food and Agriculture Organization states that the average price of a 50 kilogram bag of rice was N2,500 in 2000. The National Bureau of Statistics states that the average cost of a 50 kilogram bag of rice in 2014 was N10,000.
A 50 kg bag of rice sold for an average of N26,000 at the end of June 2020, per surveys conducted by SBM Intelligence.
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