Price Of A Bag Of Rice Reduces To 68,000 Naira In Abuja

The cost of a bag of rice has decreased to the sum of 68,000 Naira in the federal capital territory of Abuja. According to a report by Daily Post, the price decreased from 84,000 Naira to 68,000 Naira. A survey carried out by Daily Post states that the price of rice has reduced by 19 percent between February and April this year.

However, it is important to point out that it is only local rice that has reduced to 68,000 in the federal capital territory of Abuja. Daily Post reports that a bag of foreign rice in the federal capital territory of Abuja is currently sold for the sum of the sum of 90,000 Naira.

Food inflation is one of the challenges that Nigerians have been facing since the beginning of this year. However, some experts believe that the price of food items will reduce because of the fact that the Naira has gained a lot of value recently.