It’s no longer news that the price of Rice has risen astronomically. And the Federal Government stiff regulations on foreign brands have triggered the economics of the commodity. As National Daily has earlier reported some rice dealers in major markets across Lagos State are allegedly packing locally manufactured rice into foreign bags, as prices jump higher.
Further observation reveals that the visited markets now have various brands of locally made rice in large stock, although with a significant 12.9% increase in price. A 50kg bag of Caprice and Royal Stallion rice increased by 2.9%, from an average of N25,500 to N26,250. Mama’s Pride rice, a locally grown rice, also increased significantly by 9.7% from an initial average of N18,000 to N19,750.
But back in 2016, to ease burden on residents in the festive season, the Lagos state government made provisions for a 50kg bag of rice to be sold at N12,000.
In a time like this, Lagosians now remember Governor Ambode Akinwunmi.
Then, Twenty-five kg was sold at N6,000, while 10kg went for N2,500.
And people bought from the subsidized traders rather than spend as high as N18,000 on a bag of rice.
Here are the designated zones where they Lagosians got the special offer, as an initiative of Lagos and Kebbi governments.
Ikorodu Odogunyan Farm Service Centre
Epe Temu Farm Service Centre
Eredo Noforija Town Hall
Ibeju Magbon Alade High School
Maryland SUBEBE Premises
Agege LSADA Complex/Farm Service Centre
Ojo LAISA Office Agric Bus Stop
Mowo Coconut House
Badagry Town Farm Service Centre, Marina
Oshodi Ikeja Grammar School, Bolade
Ajah Ministry of Agric Area Office
Lagos Island Lastma Office Adeniji/Freeman
Ajegunle Alakoto Senior High School, Tolu
Surulere Teslim Balogun stadium
Yaba Mobolaji Johnson Sports Centre, Rowe Park