Nigeria’s Rice Price Decline: Finance Minister Wale Edun’s Economic Outlook
In a
recent statement, Nigeria’s Minister of Finance and Coordinating Minister of
the Economy, Wale Edun, announced that the price of a 50kg bag of rice has
dropped significantly, from ₦120,000 in 2024 to an average of ₦80,000 in 2025.
This development, he argued, reflects the positive impact of President Bola Tinubu’s economic reforms, which he claims have steered the country away from fiscal collapse and toward a path of stability and growth.