Nigerians are facing a steep increase in the prices of essential food items, with many attributing the surge to recent policies implemented by President Bola Tinubu’s administration. Over the past few months, the prices of staples like beans, rice, palm oil, and tomatoes have sharply risen, creating financial strain for households across the country.
The rise in food prices is largely attributed to the escalating cost of fuel, which is crucial for transporting goods from rural areas to urban centers. This, combined with other economic challenges, has made it difficult for farmers and transporters to deliver products efficiently, leading to price hikes across various food items.
Many Nigerians are struggling to afford basic food items, and economic analysts are urging the government to intervene by stabilizing fuel prices to ease the transportation costs of food and ultimately reduce inflation.
Here are the current prices for major food commodities this week:
Rice Prices:
- Mama’s Pride Rice (50kg): ₦95,000
- 25kg Bag of Rice: ₦47,500
- Khemji Rice (50kg): ₦103,000
Beans Prices:
- Sweet Pure Butter Beans (50kg): ₦160,000
- Soybeans (Very Dried, 50kg): ₦130,000
- Peleed Beans for Moi Moi (20kg): ₦80,000
- Neat and Picked Pure Oloyin Sweet Beans (2.5kg): ₦8,500
Garri Prices:
- 50kg Bag of Garri: ₦55,000
- 100kg Bag of Garri: ₦100,000
Tomatoes:
- Fresh Derica Tomatoes (Big Basket): ₦180,000
- Medium Basket: ₦95,000
- Small Basket: ₦40,000
Spaghetti:
- Golden Penny Spaghetti (500g x 20 carton): ₦28,000
Palm Oil:
- 5 Litre Gallon: ₦7,500
- 25 Litre Gallon: ₦55,000
As prices continue to rise, there are growing concerns that more Nigerians may be pushed into food insecurity, with many calling on the government for urgent intervention.
