Current Price of 50kg, 25kg, and 10kg Bags of Rice in Nigeria (April 2024)

Rice is considered a common food in Nigeria, and millions of people throughout the country indulge in its consumption, but in recent times, the price of rice has been unstable. You may ask, what are the current prices of 50kg, 25kg, and 10kg Bags of Rice in Nigeria? Well, as of April 2024, the price of 50kg of local rice is between ₦65,000 and ₦80,000, while that offoreign rice is between ₦80,000 and ₦90,000.

This article will reveal the current market prices of 50 kg, 25 kg, and 10 kg bags of rice in Nigeria.

We will also look at the factors influencing these prices and advise you on locating the best offers.

You may also see: Latest Price Of Bag Of Beans In Nigeria

Let’s go straight to business.

How Much is 50kg, 25kg, And 10kg Bags Of Rice In Nigeria

From various market prices that our team investigated across various cities like Lagos, Kano, Ibadan, Abuja, Benin, Asaba, Warri, Uyo, Aba, and Port Harcourt City, the average price of rice ranges are given below:

• The price range for a 50 kg bag of foreign rice is between ₦80,000 and ₦90,000.
• Price ranges for 50Kg bag of domestic rice are between ₦70,000 and ₦80,000
• The price range for a 25 kg bag of foreign rice is between ₦40,000 and ₦45,000.
• The prices of a 25 kg bags of domestic rice might range anywhere from ₦35,000 to ₦40,000.
• Prices for a 10 kg bag of foreign rice can vary widely based on the brand and kind, with prices ranging from ₦15,000 to ₦40,000 to be exact.
• Additionally, the prices of 10 kg bags of domestic rice might fluctuate, often falling between the ranges of ₦10,000 to ₦20,000.

Let us not forget that the costs listed above may change due to several factors we will discuss below.

What Causes The Price Of Rice In Nigeria To Change

There are several factors that influence the price of rice in Nigeria, including the following:

Rice Type: Rice can be broadly classified into two categories: domestic rice, which is cultivated locally, and imported rice, which is imported.

Due to the fees and duties associated with importation, the price of imported rice is typically higher than that of domestic rice. Within these categories, the price is further influenced by the various available rice brands and variants.

Location: Prices may change from one place to another due to transportation expenses and the dynamics of the current market in that region.

Prices are typically slightly higher in urban regions than in rural areas.

Market Fluctuations: Rice prices can be severely impacted by market fluctuations, which include the general economic climate and disruptions in supply chains.

The price of rice in Nigeria has been fluctuating due to inflation in the country.

Seasonality: Rice prices may be subject to seasonal changes. For example, during the Christmas and New Year period, the price of rice in Nigeria typically increases due to the high demand for the food, which most usually use as an end-of-year gift to friends and relatives.

Current Price of 50kg, 25kg, and 10kg Bags of Local Rice in Nigeria by Brand (April 2024)

The price of local or domestic rice in Nigeria can change from one brand to another. As of April 2024, the following is a list of some well-known brands, along with their expected prices:

1. Mama Gold: ₦65,000 – ₦76,000 (50kg)
2. Mama Pride: ₦65,000 – ₦85,000 (50kg)
3. Royal Stallion: ₦75,000 – ₦79,000 (50kg)
4. Anambra Rice: ₦60,000 – ₦65,000 (50kg)
5. Lake Rice: ₦65,000 – ₦68,000 (50kg)
6. Elephant Pride: ₦70,000 – ₦76,000 (50kg)
7. Mango: ₦75,000 – ₦80,000 (50kg)
8. Princess: ₦70,000 – ₦75,000 (50kg)
9. Tomatoe: ₦65,000 – ₦75,000 (50kg
10. Ofada Rice: ₦15,000 – ₦18,000 (5kg) – This rice variety generally attracts a higher price due to its unique flavor and limited production.

You can only see some of these local rice brands in some region of the country, so if you need a particular type of rice, you can always use online stores like jiji or Jumia.

Current Price of 50kg, 25kg, and 10kg Bags of Foreign Rice in Nigeria by Brand (April 2024)

The cost of imported rice in Nigeria fluctuates greatly from one store to another and from one brand of rice to another. Foreign rice availability and cost can be inconsistent due to recent government efforts pushing local consumption. But to give you a general idea of what to expect in terms of cost on April 01, 2024, for a few well-known foreign rice brands:

Basmati Rice: Due to its premium quality, Basmati rice brands generally command higher prices. Popular brands include:

1. Royal Basmati Rice: ₦39,000 – ₦58,000 (5kg)
2. Tilda Basmati Rice: ₦42,000 – ₦50,000 (10kg)
3. Aeroplane Basmati Rice: ₦18,000 – ₦25,000 (5kg)
4. Caprice:  ₦80,000 – ₦89,000 (50kg)
5. My Choice:   ₦79,000 – ₦85,000 (50kg)
6. Uncle Ben’s: ₦40,000 – ₦45,000 (25kg)
7. Royal Stallion: ₦40,000 – ₦45,000 (25kg)
8. Peacock: ₦38,000 – ₦42,000 (25kg)
9. Robin Hood: ₦38,000 – ₦42,000 (25kg)

How Much Is A Cup Of Rice In Nigeria

Rice is becoming too expensive for people to buy in bags of 50kg, 25kg, and 10kg. Instead, some prefer to buy in cups. So, it is not uncommon to see cups on top of rice being used to measure the quantity a buyer wants, and these cups differ in size depending on the region of the country in which you reside.

For those residing in the south-south country like Edo, Delta, etc., a cup of rice as of April 2024 is between ₦400 – and ₦450.

Rice is also measured in rubber in this part of the south-south part of the country; and a rubber contains 12 cups of rice, and a 50kg bag of rice contains 18 rubber. The price of rubber rice is between ₦4,000 – ₦5,000, depending on the brand of rice you are buying.

How To Buy Cheap Rice In Nigeria

You may use the method we will discuss below to get the best deal when purchasing bags of rice in different kilograms.

Ensure you compare prices: To compare prices of bags of rice, you should research various stores, markets, and online sellers.

Take advantage of internet marketplaces like jiji, konga, and jumia, and also search the websites of grocery stores to access price listings and promotional offers.

Consider Wholesale Options: If you order larger numbers, you might purchase directly from wholesalers or distributors, as they may provide lower pricing per unit.

Keep an eye out for deals and promotions: During the holiday season or clearance sales, brick-and-mortar stores and online shops frequently hold promotions and give discounts on rice.

Be wary of products that are not authentic: If the price is really low, you should be wary of it because it could be an indication that the rice is not authentic or of poor quality. Purchases should always be made from reliable sources.

What To Look For Before Buying Rice

Although pricing is a significant consideration, there are other important things you have to consider before buying rice.

• Ensure that the rice you purchase is high quality and free of contaminants, broken grains, or bugs.
• Type of Grain: Select a type of grain that is satisfactory to your requirements and tastes. Long-grain, short-grain, and basmati rice varieties are among the most popular choices.
• Nutritional Value: If you have certain dietary requirements, it is especially important to consider the rice’s nutritional content.

Conclusion

Having looked at the current price of 50kg, 25kg, and 10kg Bags of rice in Nigeria you will see that the prices of bags of rice in Nigeria keep increasing due to inflation in the country, and it is important to know the current prices of 50kg, 25kg, and 10kg Bags of Rice in Nigeria before you go to the market to bargain in order not to be taken by surprise. As of April 2024, the cost of rice in Nigeria ranges between ₦65,000 and ₦80,000, while that of foreign rice is between ₦80,000 and ₦90,000.

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