'50kg Rice Price to Drop to N30K Per Bag,' Primate Ayodele Releases Prophecies
- Primate Babatunde Elijah Ayodele has offered strong hope to Nigerians amid economic challenges
- The outspoken cleric disclosed that Nigerians may experience considerable relief in the prices of foreign parboiled rice
- The prophesied drop in national prices is expected to stir excitement across the country as rice is a major staple food in West Africa’s most populous nation
Legit.ng journalist Ridwan Adeola Yusuf has more than 9 years of experience covering metro.
Oke Afa, Lagos state - Primate Elijah Ayodele, leader of INRI Evangelical Spiritual Church, Lagos, has forecasted the naira performance against the US dollar.
Speaking in a video posted on his church's official Facebook page on Friday, October 3, Ayodele projected that the price of 50kg bag of rice will significantly decline.
Source: Twitter
Legit.ng reports that the price of rice in Nigeria varies depending on brand and location, with 50kg bags of local parboiled rice ranging from N58,000 to over N67,000, according to this reporter's market survey.
In his prophecy, the cleric mentioned potential economic milestones in Nigeria, such as the dollar exchange rate reaching N900, rice prices hitting N30,000 per bag, and petrol prices reaching N500.
He asked President Bola Tinubu to continue his economic reforms, saying the Nigerian leader is on the right track.'
Ayodele said:
“Just continue to do what you are doing. Subsidy is still okay. I tell you that you need prayers, because you can bring dollar to N900. And you can bring rice back to N30,000. And petrol, you can still bring back to N500.”
The full video can be watched below:
In office since May 2023, Tinubu defended his economic reforms, which have included a partial end to petrol and electricity subsidies and devaluation of the naira, as necessary to reverse years of economic mismanagement.
Source: Twitter
'Nigeria’s growing economy' - Akume
On Thursday, October 2, 2025, George Akume, secretary to the government of the federation (SGF), expressed optimism about Nigeria’s future, stating that the economy is growing under the leadership of President Tinubu.
He said this at the official inauguration and investiture of the Northern Christian Religious Leaders Assembly in Abuja.
Akume cited the country’s growing GDP and foreign reserves as evidence of progress, with the gross domestic product (GDP) growing at 4.4% and foreign reserves reaching $42 billion.
Akume reiterated his message for Nigeria’s 65th independence anniversary, saying that the country is “on the move” and “getting close to the Promised Land”.
Nigeria's economic challenges: Balogun offers advice
Meanwhile, Tope Balogun, the Lagos state governorship candidate of the Action Alliance (AA) in the 2023 election, lamented that Nigeria is "so messed up with trial and error approach to policy implementation on a large scale which puts every sector of the economy in turmoil since the pronouncement of subsidy removal".
He called for a well articulated framework to ease the fuel subsidy's resultant effects on the nation's economy. According to him, businesses subjected to foreign currency should not be overdepending on the dollar, which he said 'makes some few who are privileged to mop up available dollars to become multi millionaires without doing any real business than shortchanging genuine business owners.'
Balogun told Legit.ng:
"This appalling dependence on those influential privileged few who can access dollars with ease eventually get the business owners to inflate the cost of their wares which transitionally take their toll on the end users in the value chain.
"All the same, I am deeply convinced addressing the current economic challenges can be achieved given the resilience nature of Nigerians if given the enabling environment and right leadership that will display in practice why some sacrifices are generally necessary by all and sundry as exemplified by the leadership to be easily acknowledged by the followers and accepted as a way to go. The austerity measures are necessary pill but not to administered to followers while the leadership display affluence with crass insensitivity to effect of such to the psyche of the citizenry.
"Lastly, we can only thrive as a nation if we reduce the importation model and tends towards local productions with many incentives and supports for SMEs. Funnily, you read the availability of many of these incentives for small and medium businesses but mostly inaccessible due to inadequate publicity as much as high level nepotism."
Read more on Nigeria's economy:
- Nigeria at 65: Tinubu praised for subsidy removal, Dangote Refinery impact on Nigerians
- Naira appreciates massively, exchange rate reaches highest level since 2024
'Nigerians better off than in 1960' - Fasua
Earlier, Legit.ng reported that Tope Fasua, the special adviser to President Tinubu on economic Affairs, said Nigerians are better off today than they were at independence in 1960, despite present economic hardship.
Fasua argued that it is misleading to compare Nigeria’s current realities with the early post-independence period.
According to him, in 1960, most citizens lived in rural areas with little access to infrastructure, and only encountered poverty after migrating into urban centres.
Source: Legit.ng
