- Price Of Bag Of Rice, Beans, Tomatoes, Other Food Commodities This Week
- Rice, noodles and cooking oil record notable increases.
- Currency weakness and transport costs drive food inflation.
Nigerians are facing renewed pressure as the prices of basic food items continue to rise sharply across markets nationwide, further stretching household budgets amid lingering economic challenges.
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EKO HOT BLOG reports that market checks conducted in several cities show that the cost of everyday staples such as rice, spaghetti, cooking oil and seasoning cubes has increased significantly in recent weeks. Traders attribute the trend to a mix of economic and logistical factors that have continued to affect food supply and pricing.~
Current Prices of Common Food Items (February 2026):
-
Spaghetti (one carton): ₦18,500
-
Semo (one bag): ₦12,500
-
Indomie (carton): ₦9,800
-
Maggi/Knorr (carton): ₦2,100
-
Golden Penny Butter (unit): ₦900
-
White & Red Beans (mould measurement): ₦2,500
-
Cornflakes (one roll): ₦1,300
-
Choco Pops (one roll): ₦1,300
-
Tomato Paste (one roll): ₦1,200
-
Vegetable Oil/Terra Oil (1 litre): ₦3,300
-
Salt (big size): ₦450
-
Bag of Rice (50kg): ₦58,000 – ₦61,000
Economists point to the continued depreciation of the naira as a major driver of the price surge. The weaker currency has raised the cost of imported inputs such as food additives, packaging materials and machinery, pushing up production expenses for manufacturers.
Transportation costs have also worsened the situation. Rising fuel prices, poor road conditions and insecurity along supply routes have increased the cost of moving goods from farms and factories to markets.
With food inflation showing no sign of easing, many households are cutting back on consumption, raising concerns about nutrition, food security and overall living standards.
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