Prices of Foodstuffs in Nigeria Today (April 2024)

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Dollar is rising! petrol price is rising and you need to know the latest foodstuff prices in Nigeria today? Yes, Gain real-time insights for informed shopping choices. Discover the current costs of various food items and enhance your budget-friendly shopping decisions now. Read on

Key Takeaways

  • The prices of foodstuffs in Nigeria today vary depending on the item.
  • Rice ranges from ₦60,000 to ₦70,500 for a 50kg bag.
  • Beans can cost between ₦60,000 and ₦70,000 for a 50kg bag of Oloyin beans.
  • Yam prices range from ₦500 to ₦3000 for a tuber of Abuja yam.
  • Noodle prices vary depending on the brand and size.
  • Other food items such as garri, potatoes, spaghetti, and cooking oils also have varying prices.
  • These prices are subject to change due to supply and demand.

Rice Prices in Nigeria

Rice is a widely consumed food in Nigeria, and its prices fluctuate. Let’s check the current range of rice prices in the Nigerian market.

When it comes to buying rice in Nigeria, consumers can expect to find a variety of options with varying price points. The cost of rice is influenced by factors such as the variety, brand, and location of purchase. In the Nigerian market, The price of 50kg bag of rice can range from ₦60,000 to ₦70,500.

To help you make informed decisions, here’s a table showing the different rice varieties and their corresponding prices:

Rice VarietyPrice Range (kg bag)
Basmati Rice (5kg)₦20,000 – ₦50,000
Parboiled Rice (50kg)₦60,000 to ₦70,500

It’s worth noting that these prices are just a general indication, and it’s always recommended to check with local markets or online platforms for the most up-to-date prices. Additionally, prices may vary depending on the region and the specific store you choose to make your purchase from.

Benefits of Comparing Prices

By comparing rice prices in Nigeria, consumers can make smarter shopping decisions. By exploring options and checking for deals or discounts, individuals can find the best value for their money.

Whether you’re looking for affordability or a specific rice variety, staying informed about prices will enable you to make more informed choices when it comes to purchasing rice in Nigeria.

Bean Prices in Nigeria

Beans are an essential part of Nigerian cuisine, and their prices can vary significantly. Let’s take a closer look at the current bean prices in Nigeria.

When it comes to purchasing beans in Nigeria, the prices can range from affordable to relatively expensive, depending on the variety. As of today, a 50kg bag of Oloyin beans can cost between ₦60,000 and ₦70,000.

This variety is known for its rich flavor and is a popular choice among consumers. However, it is important to note that these prices may fluctuate due to supply and demand factors.

VarietyPrice (50kg bag)
Oloyin Beans₦60,000 – ₦70,000
Table 1: Bean Prices in Nigeria

It’s worth mentioning that the prices mentioned here are just a snapshot of the current market conditions and are subject to change. Factors such as harvest yields, transportation costs, and market demand can all influence the final prices of beans. Therefore, it is advisable to stay updated with the latest market trends and compare prices from different vendors before making a purchase.

Yam Prices in Nigeria

Yam holds a significant cultural and culinary importance in Nigeria. Let’s explore the current prices of yam in the Nigerian market.

When it comes to yam prices in Nigeria, there is a range of options to choose from. Abuja yams are commonly available and are priced between ₦500 and ₦300, depending on the size and quality of the tubers. These yams are popular for their starchy texture and are often used in traditional Nigerian dishes.

For those looking for a more premium variety, the prices can be slightly higher. Imported yams, such as the Ghanaian “Puna yam,” are also available in the market, offering a different taste and texture. The prices for imported yams can vary, so it’s advisable to check with local suppliers for the most up-to-date information.

It’s important to note that the prices mentioned here are subject to change due to supply and demand. The availability of yams can fluctuate depending on the season and region, which may impact the overall cost. However, yam remains a staple in Nigerian cuisine and is widely enjoyed across the country.

Yam VarietyPrice Range (₦)
Abuja Yam₦500 – ₦300
Imported YamPrice varies

Noodle Prices in Nigeria

Instant noodles have become a quick and convenient meal option in Nigeria. Let’s discover the current noodle prices in the Nigerian market.

Noodle BrandPack SizePrice Range (₦)
Indomie Chicken40
Indomie Pepper Chicken40
Chikki Chicken40
Supreme Noodles40
Indomie Bellefull120
Chikki Jumbo120

It’s important to note that prices may vary slightly depending on location and retailer. Additionally, these prices are subject to change due to supply and demand. It’s always a good idea to check local supermarkets and stores for the most up-to-date information on noodle prices in Nigeria.

Prices of Other Food Items

Apart from the aforementioned food items, other essential commodities contribute to the Nigerian food basket. Let’s explore the current prices of garri, potatoes, spaghetti, and cooking oils.

Garri, a popular staple made from cassava, is widely consumed in Nigeria. A 50kg bag of garri can range from ₦22,000 to ₦26,000, depending on the brand and quality. This versatile food item is commonly used to make various dishes such as eba and garri soakings, making it a cost-effective choice for many households.

Potatoes, loved for their versatility and nutritional benefits, are consumed in various forms in Nigeria. The price of potatoes can vary based on factors such as size and quality. On average, a 25kg bag of potatoes can cost between ₦4,000 and ₦6,000. Potatoes are a great addition to a balanced diet and can be used to make delicious meals like mashed potatoes, fries, and potato porridge.

When it comes to pasta, spaghetti is a popular choice among Nigerians. A Spaghetti of by 12 pieces costs ₦10,500 depending on the brand. This affordable food item is a go-to option for quick and easy meals, whether it’s spaghetti bolognese, spaghetti carbonara, or simply served with a tomato sauce.

Finally, cooking oils play a vital role in Nigerian cuisine, adding flavor and richness to dishes. The prices of cooking oils can vary based on factors such as brand, type, and quantity. A 5-liter bottle of vegetable oil can range from ₦5,500 to ₦6,500, while a 5-liter bottle of palm oil can cost between ₦5,500 to ₦6,500. It’s important to choose cooking oils that suit your preferences and cooking needs.

Food ItemPrice Range (₦)
Garri (50kg bag)₦22,000 to ₦26,000
Potatoes (25kg bag)₦4,000 and ₦6,000
Spaghetti (500g pack) ₦10,500
Groundnut Oil (5-liter bottle)₦5,500 to ₦6,500
Palm Oil (5-liter bottle)₦5,500 to ₦6,500

These prices are approximate and can vary depending on factors such as location and market dynamics. It’s important to note that food prices are subject to change due to supply and demand, so it’s advisable to check with local vendors or markets for the most up-to-date prices.

Wholesale Food Prices in Nigeria

Buying food in bulk or from wholesalers can often lead to cost savings. Let’s delve into the wholesale food prices in Nigeria.

When it comes to buying food in larger quantities, wholesalers offer competitive prices that can help individuals and businesses save money. In Nigeria, the prices of various food items at wholesale markets can vary, but with some research and comparison, it is possible to find great deals.

By purchasing food items in bulk from wholesalers, individuals and businesses can enjoy cost savings and ensure a steady supply of essential products. However, it’s always important to compare prices and quality before purchasing to ensure the best value for money.

Conclusion

Staying up-to-date with the prices of foodstuff in Nigeria is crucial for making informed choices when shopping for groceries. In this article, we have provided an overview of the current prices of various food items in the country, helping you navigate the market with knowledge

Aside from these staple items, other food products like garri, potatoes, spaghetti, and cooking oils also have varying prices. It’s important to keep in mind that these prices may change due to supply and demand dynamics.

By staying informed about the current prices of foodstuff in Nigeria, you can make smarter shopping decisions and ensure that your grocery budget is well-managed. So, whether you’re buying from wholesalers or retailers, knowing the prices will empower you to shop more efficiently and economically.

Price last updated: February 1st, 2024

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