Thank You: Nigerians React As Federal Government Crashes Bag of Rice Prices [Video]

• Nigerians have reacted to the federal government’s reduction in the price for a 50kg bag of rice to N40,000
• The reports of this reduction have been greeted with much excitement and also mixed feelings on social media
• The current market price for a 50kg bag of rice is at N80,000 or more, and Nigerians will be hoping the FG efforts will work

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Federal Government has created centres across the country where Nigerians can purchase a 50kg bag of rice for N40,000.

This was disclosed by Mohammed Idris, the minister of Information and National Orientation, after the Federal Executive Council meeting presided over by President Bola Tinubu at the State House, Abuja.

He explained that the FG has distributed 740 trucks …