Legit.ng earlier reported that the price of parboiled rice dropped for the first time this year in April, which relieved families and reduced living standards across the country.
A market survey across Lagos and significant cities shows that in four months, the price of a 50kg bag of rice has decreased by 20%, from an average of N90,000 to N72,000.
Experts have attributed the staple's price drop to the rise in the value of the naira against the US dollar.
Source: Legit.ng
