From ₦76,000 to ₦55,000: Abuja Vendors Celebrate Drop in Cost of Rice
Food vendors and residents in Abuja have expressed relief following a significant drop in the price of rice, with a bag now selling for between ₦55,000, down from about ₦76,000 in recent months.
The price reduction has been attributed by traders and consumers to the Federal Government’s intervention measures aimed at addressing food inflation and easing the cost-of-living pressure on Nigerians. Many residents say the development has brought much-needed respite, especially for low- and middle-income households.
Speaking to reporters, some rice vendors in major markets across the Federal Capital Territory said patronage has improved since the price drop. According to them, customers who previously reduced purchases or turned to cheaper alternatives are now buying rice more frequently.
“This is a big relief for us and our customers,” a vendor at Garki Market said. “People can now afford to buy rice again, even if not in large quantities.”
Residents also welcomed the development, noting that rice remains a staple food in many homes. Civil servants and traders interviewed said the reduction has helped them better manage household expenses amid rising costs of transportation, rent, and other necessities.
Although prices may still vary depending on brand and market location, many Abuja residents hope the downward trend will be sustained and extended to other food items. They urged the government to continue policies that support local production, improve food supply chains, and stabilize market prices nationwide.
The recent development comes amid broader efforts by the Federal Government to cushion the impact of economic reforms and ensure food affordability across the country.
