Tag

FOOD INFLATION IN NIGERIA’S RICE MARKET

Agriculture

Rabiu blames 100% rice price surge on post-harvest hoarding

Chairman of BUA Group, Abdul Samad Rabiu, has identified hoarding as a key driver of food inflation in Nigeria’s rice market, citing how paddy rice bought at harvest for N400,000 is resold at N800,000 just months later.

Rosalia Ozibo · May 16, 2025 4 min