Will the average price of a 50kg bag of local rice cross ₦85,000 in major Lagos markets before May 29?

Outcome: YES

How this forecast is settled

With the long weekend approaching, families and event planners are stocking up, putting immediate upward pressure on grain prices at hubs like Mile 12.

Resolution

YES, the price of a 50kg bag of local rice did cross the ₦85,000 threshold earlier this year (peaking at ₦112,000 in March per NBS data), but it has since crashed significantly

Make your forecast on GetUrgent2K Daily. Free to play; earn airtime for taking part and for getting it right.