-
Price Of Bag Of Rice, Beans, Tomatoes, Other Food Commodities This Week .
-
50kg rice bag now sells for ₦58,000, down from ₦80,000.
-
Tomatoes, pepper, beef, and chicken also record notable price reductions.
Nigerian households are beginning to experience some much-needed relief as the prices of key staple foods, including rice, beans, tomatoes, and other essentials, have dropped notably in recent weeks. This comes after months of soaring food costs that left many families struggling to afford basic meals.
EDITOR’S PICKS
- Tinubu Congratulates Adeniyi on Election as WCO Council Chairperson
- Week 52 Pool Result for Sat 28, Jun 2025, Pool 2025
- Man Declared Wanted for Allegedly Macheting Wife to Death
EKO HOT BLOG reports that one of the most significant price changes is in the cost of rice, a major staple in Nigerian homes. The price of a 50kg bag of rice, which had surged to ₦80,000 in some areas, has now fallen to around ₦58,000 in various markets across the country. Traders attribute this sharp decline to improved supplies from local rice mills, the ongoing harvest season, and more stable transportation costs.
The price of beans, which reached record highs in 2024 when a 100kg bag sold for as much as ₦240,000, has also eased. Current market prices now range between ₦80,000 and ₦120,000 per bag, depending on the variety and location. Market analysts say the availability of fresh local produce has played a major role in the price drop.
Tomato prices have equally seen a steep fall. In many local markets, a small basket of fresh tomatoes now sells for as low as ₦3,000, compared to recent months when the same quantity sold for over ₦10,000. The reduction is linked to seasonal harvests, which have increased supply.
Other food items have also recorded price adjustments. A small basket of pepper currently sells for about ₦6,000 in major markets, while a kilogram of beef now costs ₦6,500. A kilogram of chicken is selling for ₦6,000.
The overall drop in food prices is offering temporary relief for millions of Nigerians who have faced the brunt of inflation in the past year. However, traders warn that prices may still fluctuate based on transportation factors, fuel availability, and seasonal cycles.
FURTHER READING
- Napoli Prepares For Osimhen’s Return As Saudi Offer Looms
- ICAN Applauds Bold Tax Reforms Signed Into Law by Tinubu
- Arewa 19 Declares Support for Tinubu-Shettima Ahead of 2027
