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Economists explain why rice price drop sparks mixed reactions among Nigerians, traders ​

By Ogaga Ariemu Economists and financial analysts have explained that conflict of interest is the reason why the recent drop in the price of rice attracted mixed feelings from Nigerians and traders. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Muda Yusuf, and the Executive Officer of SD & D […]

Rice price crashes in Lagos markets as supply increases

by Peter Anayo Rice prices have dropped drastically in several Lagos markets due to a surge in imports through the borders, easing the burden on consumers. The development, however, has raised concern among traders over reduced profits and business sustainability. The News Agency of Nigeria reports that 50 kg of rice in Lagos currently sells […]

West African rice prices slump to one-year low amid weak demand, oversupply

Rice sourced from India and Thailand typically enters the region through Cotonou before being re-exported informally into Nigeria. WEST AFRICA – Rice prices in West Africa have fallen to their lowest levels in a year, weighed down by sluggish demand and excess inventories across key import hubs, according to S&P Commodity Insights. Platts, part of […]

Germany launches US$2.9M initiative to boost climate-smart rice production in Nigeria

The three-year project seeks to reduce greenhouse gas (GHG) emissions, particularly methane, from rice cultivation. NIGERIA – The German government has launched the Carbon Offsetting Rice Emissions (CORE) Project, a €2.5 million (US$2.9M) initiative aimed at supporting 12,000 smallholder farmers in Benue, Nasarawa, and Kano states to adopt climate-smart rice farming practices. The three-year project, […]

Heavy rains threaten rice production – Ebonyi farmers

Agency Report Rice farmers in Abakaliki in Ebonyi State have raised concerns over incessant rainfall, which they say is threatening the 2025 rice production and harvest. The farmers expressed their concerns in separate interviews with the News Agency of Nigeria on Wednesday in Abakaliki. It was amidst persistent downpours that have led to flooding, waterlogging, […]

Niger State Partners with AfricaRice for Transformative Rice Production Growth: Targeting 10 Million Tons by 2030

AfricaRice July 22, 2025, Mbé, Côte d’Ivoire – In a landmark visit that signals a new era for Nigerian rice production, Dr. Baboucarr Manneh, Director General of Africa Rice Center (AfricaRice) welcomed H.E. Hon. Mohammed Umaru Bago, Niger State Governor, alongside Côte d’Ivoire national and local authorities. This high-level meeting has resulted in an ambitious […]

Niger govt signs $1.2bn pact to boost rice production

Niger State Government has signed a strategic pact with AfricRice Farm Centre in Bouake, Côte d’Ivoire, worth over $1.2 billion to boost rice production in the state. This partnership aims to increase the state’s annual paddy rice output from 1.5 million metric tons to 10 million metric tons by 2030. The agreement involves a 5,000-hectare […]