Food Prices Begin to Ease in Nigeria, Offering Relief to Struggling Households
In a welcome turn of events, the cost of food items across Nigeria is beginning to decline, giving many families a bit of breathing room amid ongoing inflation concerns.
According to a recent market survey by The Nation, conducted in Lagos and other major cities, prices of essential foodstuffs have been steadily dropping in recent weeks.
Key staples such as rice, maize, and vegetable oil�which had seen significant price hikes in previous months�are now becoming more affordable for the average Nigerian.
Here�s a breakdown of current market prices for some commonly purchased food items:
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Long-grain foreign rice (50kg): ?82,000�?85,000 (was ?95,000�?100,000)
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Imported short-grain rice (50kg): ?65,000�?67,000 (was ?80,000�?90,000)
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Local parboiled rice (50kg): Around ?89,000 (was ?90,000�?100,000)
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Millet (4L paint bucket): ?4,000 (was ?4,500)
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Guinea corn (4L paint bucket): ?4,000 (was ?4,500)
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Soya beans (4L paint bucket): ?6,000 (was ?6,500)
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Wheat (4L paint bucket): ?5,000 (was ?5,500)
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Yellow dry corn (4L paint bucket): ?3,000 (was ?3,500)
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White dry corn (4L paint bucket): ?2,500 (was ?3,000)
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Beans (D�Rica cup): ?1,000�?1,400 (was ?2,000�?2,500)
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Yam (per tuber): ?3,000 (was ?7,000)
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Yellow garri (paint bucket): ?3,000 (was ?4,000)
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White garri (paint bucket): ?2,500 (was ?3,000)
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Garri (60kg bag): ?37,500�?45,000 (previously higher)
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Tomatoes (big crate): ?23,000�?27,000 (was as high as ?120,000)
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Semovita/Semolina (10kg): ?16,000
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Semovita/Semolina (5kg): ?8,000
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Kings Vegetable Oil (25L): ?82,000 (was up to ?95,000)
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Terra Vegetable Oil (25L): ?80,000
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Fresh groundnut (4L paint bucket): ?7,200 (was ?7,500)
This price shift brings hope that the economic pressure on Nigerian households may begin to ease, at least when it comes to basic food necessities.
