Search results
Results from the WOW.Com Content Network
The price of a 50 kg bag of rice has increased from 32,000 Naira (64 US-Dollars) to 48,000 Naira (96 US-Dollars) in the second half of 2022, representing 50% inflation as many Nigerian rice farms have been flooded in October 2022.
With an average yield of 6.7 metric tonnes per harvest, Ebonyi State is Nigeria's largest rice producer. [17] Historically, Abakaliki rice was a vital export commodity. Rice export from Abakaliki to Ghana in 1965 is estimated to have fetched approximately £3 million for the eastern region government under Dr. Michael Okpara. [18]
Until now, Nigeria exported unhusked rice but had to import husked rice, the country's staple food. - The rice mill in Imota, near Lagos, is intended to handle the corresponding processing at home, improve the balance of trade and the labour market, and save unnecessary costs for transport and middlemen. When fully operational at the end of ...
The cost of rice, a staple food in Nigeria, has surged in recent months. It is now priced at over N70,000 ($47.60) per 50kg bag, compared to a range of 45,000 to 50,000 naira previously.
Rice production by country (2019) This is a list of countries by rice production in 2022 based on the Food and Agriculture Organization Corporate Statistical Database. The total world rice production for 2022 was 776,461,457 [1] metric tonnes. In 1961, the total world production was 216 million tonnes.
Nigeria's inflation rate rose to 15.63 per cent in December 2021 compared to 15.40 per cent in November, the National Bureau of Statistics announced on January 17, 2022. The statistics office said the prices of goods and services, measured by the Consumer Price Index, increased by 15.63 per cent in December 2021 when compared to December 2020.
The Office of the Secretary to the Government of the Federation (SGF), which is domiciled in the presidency, also has some agencies under it. They are: Nigerian Christian Pilgrim Commission [6] National Lottery Trust Fund [7] Nigeria National Merit Award
Unit labor costs - the price of labor per single unit of output - increased at a 0.8% annualized rate last quarter, the Labor Department's Bureau of Labor Statistics said.