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Food Prices Tumble Nationwide: Nigerians Rejoice As Rice, Beans, And Tomatoes Become More Affordable
As of late May 2025, food prices across Nigeria have shown considerable shifts, driven by seasonal changes, regional differences, and supply chain factors. Below is a summary of key staples and their current market trends:....KINDLY READ THE FULL STORY HERE▶
Rice
The price of a 50kg bag of rice has dropped significantly—from around ₦80,000 to as low as ₦58,000 in certain areas.
Beans
Bean prices continue to vary based on type and location. A 50kg bag of Oloyin beans sells for about ₦90,000, while 100kg of Honey beans can cost as much as ₦185,000. Smaller portions like a derica (approx. 2.5kg) go for around ₦1,500.
Tomatoes
Tomato prices have fallen due to seasonal supply, with a small basket now going for roughly ₦3,000 in some markets.
Groundnut Oil
One litre of groundnut oil is priced at approximately ₦3,500, reflecting ongoing supply chain and market conditions affecting edible oils.
Other Food Items:
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Small Basket of Pepper: ₦8,000
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Carton of Spaghetti: ₦19,500
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