N200 Rice Sachets Reintroduced to Nigerian Markets as Bag Prices Soars Above N90,000
- Esther
- Nov 13, 2024
- 1 min read

Innovative measures have been introduced in response to the escalating prices of staple foods in Nigeria, particularly rice to enhance affordability for the average citizen.
As reported on November 13, 2024, the cost of a 50kg bag of local rice has surged to between N78,000 and N90,000, depending on the location and brand.

This price range massively exceeds the average Nigerian's monthly earnings and the country's minimum wage, which is set at N70,000 but not yet widely adopted by many institutions.
The reintroduction of N200 sachets of rice into the market is a strategic move aimed at mitigating the financial strain on consumers. An indigenous rice producer, Big Bull, has spearheaded this initiative, recognizing the need for more accessible food options amid rising costs. The sachets are priced at N200 each, offering a more affordable alternative to purchasing rice in bulk.
This development occurs within a broader context of increasing food prices across various staples. According to data from the National Bureau of Statistics, there have been substantial year-on-year price hikes in items such as beans, tomatoes, garri, and yam.
For instance, the average price of 1kg of brown beans rose by 252.13% from June 2023 to June 2024, while tomatoes saw a 320.67% increase over the same period.
The introduction of smaller, more affordable packaging like the N200 rice sachets represents a practical solution to the economic challenges faced by many Nigerians. It allows consumers to purchase rice in quantities that align with their immediate financial capabilities, thereby easing the burden of high food costs.
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