Food, in general, has been seen as a basic need but in Nigeria, it looks more like a luxury. Food prices in Nigeria frequently rise without being reduced or controlled owing to inflation.
Despite its bountiful soil, human resources, and favourable environment, Nigeria has approximately 23 million people living in poverty. The number grows by the day.
Feeding in Nigeria is difficult; according to the National Bureau of Statistics, the average Nigerian earns less than $1 per day. The remuneration structure of the federal and state governments demonstrates this, with the minimum wage of 30,000 Naira per month.
After deducting basic expenses like food and commuting to work, the figure is dismal. The remainder is barely useful for anything tangible.
As you continue on, you’ll learn about food prices and why they rise and fall.
Price of (General) Foodstuff in Nigeria
The most consumed food in Nigeria, rice, had surged in recent months.
The price of a bag of rice in February saw a increase from ₦60,000 to ₦78,000 in some parts of Lagos. But by Feb 29 the price started decreasing. Market Survey by Newsclick Media on Friday March 1 revealed that rice is being sold between ₦62,000 to ₦70,ooo.
Find below the list of some general foodstuff in Nigeria and their prices.
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- 50kg of Rice (A Bag of Rice): ₦62,000 to ₦70,ooo.
- 25kg of Rice: ₦32,000 to ₦40,ooo.
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- 1 Derica Oloyin Beans: ₦800 –₦1,000
- 25Kg Oloyin Beans: ₦50 ,000 – ₦60,000
- Tomato (1kg): ₦500-₦1o00
- Sweet Potato (1kg): ₦1000
- Onion (1kg): ₦1000
- Lettuce (1 head): ₦200-₦400
- Yam (A tuber of yam): ₦1,000 ₦2000
- Sweet Potato (Big Basket): ₦1200– ₦1500
- Sweet Potato (Small Basket): ₦800 – ₦1000
- Melon Seed (Egusi): ₦1200- ₦1500
- Ogbono Seed: ₦1000
- Okro: ₦50-₦1000
- Coco Yam: ₦1000
- Spaghetti: ₦800- ₦1000 (All Brands)
- 1 Carton of Indomie Chicken ( 40pcs): ₦7800- 9,000
- Golden Penny Semovita: ₦1500- ₦11,500 (Depending on the Size)
- Honeywell Semolina: ₦₦1500- ₦11,500(Depending on the Size)
- Golden Penny Semolina: ₦1500- ₦11,500 (Depending on the Size)
- Honeywell Semolina: ₦₦1500- ₦11,500 (Depending on the Size)
- Palm Oil (5 ltrs): ₦5800 – ₦7,500
- Palm Oil (20 ltrs): ₦30,000
- Palm Oil (30 ltrs): ₦40,000 –
N45,ooo - Vegetable Oil Local (5 ltrs): ₦6,5oo
- Vegetable Oil (30 ltrs): ₦32,500 –₦35,000
- Cassava Flour: ₦2,500 Upwards (According to Quantity Required)
- Canned Fish (Sardines & Titus Brands): ₦1,000