Lagos Rice Prices: Imported 50kg Bags Rise Slightly, Local Rice Holds

Rice prices in Lagos markets showed mixed movements in the fourth week of October 2026, with some imported varieties becoming slightly more expensive while Nigerian-manufactured rice held its price. A 50kg bag of imported long-grain rice now sells for N53,375, up from a September average of N53,281.25, an increase of N93.75.

Imported short-grain rice rose to N50,800 per 50kg bag from N50,712.50 in September. Nigerian-manufactured rice remained unchanged at N51,285.71 per 50kg bag. The figures show imported long-grain rice is still the most expensive among the three varieties with available 50kg price data.

Smaller bags and paint

In the 25kg category, imported long-grain rice sells for N26,687.50, up from N26,640.63. Imported short-grain rice costs N25,400, compared with N25,380 previously. Nigerian-manufactured rice stayed at N25,642.86 per 25kg bag. Eko rice was listed at N31,000 for a 25kg bag.

For 4.15kg paint, Nigerian-manufactured rice sells for N4,316.67, unchanged from its September average. Imported long-grain rice costs N4,387.50, down from N4,409.38. Imported short-grain rice increased to N4,244.44 from N4,216.67.

Derica prices

For a 0.75kg derica, Nigerian-manufactured rice sells for N808.33, compared with N810.42 in September. Imported long-grain rice declined to N875 from N877.81. Imported short-grain rice fell to N805.56 from N806.94.

The October data covers the fourth week. The 50kg prices recorded were N51,285.71 for Nigerian-manufactured rice, N53,375 for imported long-grain rice and N50,800 for imported short-grain rice. The 25kg prices were N25,642.86 for Nigerian-manufactured rice, N26,687.50 for imported long-grain rice, N25,400 for imported short-grain rice and N31,000 for Eko rice.

Food inflation backdrop

Nigeria's food inflation climbed to 20.31%, the sixth straight monthly increase, according to data from the National Bureau of Statistics. The figure is 2.79 percentage points higher than the 17.52% recorded in the previous month. The NBS linked the rise to higher average prices for crayfish, fresh pepper, onions, carrots, rice, water yam, tomatoes, garri, plantain, beef and eggs.

The mixed rice prices matter for households buying in 50kg, 25kg, paint and derica quantities. Local rice held steady at the 50kg and 25kg levels, while imported varieties moved in different directions across the smaller measures.