The price of local rice in Nigeria has witnessed a significant increase of 73.2% within the past 12 months despite multi-billion naira funding support from the Central Bank of Nigeria (CBN). Data from the National Bureau of Statistics (NBS) reveals that the average price of one kilogram of local rice rose from N500.80 to N867.20 … Continue reading Local Rice Prices Surge by 73% in 12 Months Despite CBN Support