Bag of rice now sells for N39,000 in Lagos market, here's why

  • The holidays are here and the market environment is having different vibes, a few weeks to the Christmas and New Year celebrations
  • Checks by Legit.ng at a popular Lagos market showed surprisingly the sharp drop in the cost price of major food items
  • A trader in a chat with our correspondent revealed the real reason why there’s been a reduction in the cost price of rice and beans in recent days, a development he described as unusual

It’s a few days to the Christmas and New Year celebrations, in Lagos and across the globe.

While some are preparing big for the holidays, others are lamenting regarding the whole event which made up their lives in the year 2022.