Agriculture
Nigerians Struggle as Prices of Rice, Garri, and Yam Surge Over 100% Annually
Nigerians are grappling with the escalating prices of essential food items such as rice, garri, yam, and beans, which have surged by more than 100% annually, as reported by the National Bureau of Statistics in its latest Selected Food Price Watch for March 2024.
For instance, the price of 1kg of rice locally sold loose skyrocketed to N1,340.74, marking a significant 152.93% increase from the previous year.
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Similarly, the average price of 1kg of Garri white and Yam tuber also experienced substantial hikes, further exacerbating the economic challenges faced by consumers across the country.
State profiles indicate varying price ranges, with Niger State recording the highest average price for rice and Ondo State for Beans brown, highlighting the widespread impact of food inflation on households nationwide.