Lagos, Nigeria — The price of rice has dropped significantly across major markets in Lagos following a recent surge in imports through the nation’s land borders, bringing much-needed relief to consumers ahead of the festive season.

A market survey conducted in popular areas such as Mile 12, Oyingbo, and Iddo showed that a 50kg bag of foreign parboiled rice now sells between ₦58,000 and ₦62,000, down from the previous price range of ₦70,000 to ₦75,000 recorded in September.

Traders attributed the price reduction to an increase in the availability of imported rice, particularly from neighbouring West African countries, as customs authorities relaxed border restrictions to allow more food imports into Nigeria.

According to market sources, the influx of rice has helped stabilise supply and ease the pressure on local consumers who had struggled with the rising cost of staple foods in recent months.

A trader at Mile 12 Market, Mrs. Kemi Adetola, said: “We are beginning to see more imported rice in the market. The prices are dropping gradually, and customers are buying more now compared to a few weeks ago.”

Food analysts say the development could temporarily ease inflationary pressure on food prices, though they warn that long-term sustainability would depend on consistent import policies and support for local production.

Consumers across Lagos have welcomed the news, expressing hope that other food items such as beans, maize, and cooking oil will also record similar price reductions in the coming weeks.