Will the average retail price of 1kg of rice fall by at least 2% in Nigeria before 11:59 PM WAT on August 25, 2026?

Outcome: NO

How this forecast is settled

Will the national average retail price of 1kg of rice fall by at least 2% before August 25? Because the threshold is relatively small and only requires a national-average decline, this appears reasonably likely.

Resolution

No, the national average retail price of 1kg of rice did not fall by at least 2% during this timeframe; instead, rice prices significantly increased across Nigeria in 2026.

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