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Consumer Alert: Bag of Rice, Beans, Tomatoes Prices Cross Unbearable Thresholds
Nigerians are still burdened by high food prices, as essential staples like rice, beans, spaghetti, onions, oil, and tomatoes remain steeply priced in markets nationwide.....KINDLY READ THE FULL STORY HERE▶
Recent market surveys show that despite the ongoing harvest season, there has been little to no relief for consumers. Prices continue to climb, fueled by persistent factors such as surging transportation costs, import tariffs, and currency devaluation—all of which are disrupting supply chains.
Rice Hits ₦64,000 Per 50kg Bag
The cost of a 50kg bag of rice has now soared to ₦64,000, marking one of the highest price points in recent months. Traders cite rising fuel prices, foreign exchange instability, and port levies as key drivers of the spike.
Beans at ₦4,800 Per Bowl
Beans, a major source of protein for many households, are also selling at elevated rates, with a bowl now costing ₦4,800. Despite better harvests in some northern states, traders say insecurity in key farming areas and expensive logistics are preventing any significant price drop.
Spaghetti, Oil, and Onion Prices Climb
Golden Penny Spaghetti has seen a sharp increase, with a carton now selling for ₦19,000. A bowl of onions is priced at ₦4,000, while one litre of groundnut oil goes for ₦3,700—reflecting the ongoing strain on edible oil markets due to rising processing and importation costs.
Tomatoes and Pepper Still Costly
Vegetable prices remain volatile. A small basket of tomatoes is selling for ₦3,500, with only slight reductions reported in some areas. Meanwhile, the cost of pepper remains high at ₦9,000, continuing to strain household budgets.
Garri Not Spared
Even garri, a popular cassava-based staple, has not been spared from inflation. A paint bucket now costs ₦1,600—a price traders attribute to increased production expenses and rising costs of processing inputs.
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