Rice dominates Lagos tables this festive season, drawing attention after Governor Babajide Sanwo-Olu cut its price from ₦64,000 to ₦57,000 per bag.
Consequently, markets buzz with discussions, as both consumers and farmers react to the change.
Rice Price Cut
Farmers now predict further price drops in the coming weeks.
Vice Chairman of the All Farmers Association Southwest, Mr Sakin Agbayewa, welcomed the decision, noting, “This competitive price may push rice costs down even more soon.”
Farmers Respond
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Moreover, he explained that foreign rice, selling between ₦52,000 and ₦56,000, often sits in storage for years, reducing quality.
“By contrast, Lagos rice at ₦57,000 delivers freshness, safety, and nutritional value,” he added.
Market Impact
Similarly, Chairman of the Rice Farmers Association Lagos chapter, Mr Raphael Hunsa, praised the government, pointing out that the price cut allows Nigerians to buy rice affordably this Christmas.
Meanwhile, vendors adjust their prices while shoppers carefully weigh quality, value, and cost.
As a result, farmers brace for tighter margins and increased competition.
Ultimately, Lagos rice offers more than affordability—it promises quality, safety, and festive relief.
