Current Market Prices of Food Items In Nigeria

Nigeria is experiencing a substantial increase in food prices, affecting household budgets and the overall cost of living. The prices of staple foods like rice, beans, garri, and tomatoes have risen significantly, impacting the purchasing power of citizens.

Rice:

• Foreign rice (50kg bag): ₦78,000 (up significantly)
• Nigerian rice (50kg bag): ₦65,000 (high-quality, stone-free)
• Golden Nigeria Rice (50kg bag): ₦75,000

Beans:

• White/brown beans (25kg bag): ₦30,000
• Honey beans (25kg bag): ₦37,500
• Larger quantities: prices vary by type and weight

Garri:

• 1kg pack: ₦1,500
• 5kg pack: ₦7,500
• 10kg pack: ₦15,000
• Bulk prices: vary by quantity

Tomatoes:

• Small basket: ₦6,500
• Big basket (premium quality): ₦45,000 – ₦70,000

The rising prices of these essential food items have far-reaching consequences for households in Nigeria, making it challenging for many to afford basic necessities. This surge in food prices will likely impact the overall economy and citizens’ economic well-being.

GWG.ng reports that the rising prices of food items have put pressure on the federal administration to ponder on several options to alleviate the pressure on the working population leading to among others the recent order to allow the importaiton of food items within a given time window.
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