Shocking Price Surge: Here’s What A Bag Of Rice, Beans, And Tomatoes Costs This Week

Nigerians are facing rising food prices as essential commodities continue to climb, largely due to recent policies from President Bola Tinubu’s administration. The cost of staple foods such…CONTINUE READING…

as rice, beans, palm oil, and tomatoes has surged in recent months, placing significant strain on households nationwide.

The price hikes are attributed to the persistent increase in fuel costs, which impact the transportation of agricultural goods from rural areas to urban markets, driving up food prices. Economic analysts stress that the government must address fuel price hikes, a key factor contributing to food inflation.

As Nigerians struggle to afford basic necessities, many are calling on President Tinubu to implement measures that will stabilize fuel prices and make food more affordable. Citizens are anxiously hoping for relief as continued price increases may exacerbate food insecurity across the nation.

Here are the current prices of major food commodities:

Rice

• Mama’s Pride Rice (50kg): ₦95,000
• 25kg Bag of Rice: ₦47,500
• Khemji Bag of Rice (50kg): ₦103,000

Beans

• Sweet Pure Butter Beans (50kg): ₦160,000
• Soybeans (Very Dried): ₦130,000
• Peeled Beans for Moi Moi (20kg): ₦80,000
• Oloyin Beans (2.5kg): ₦8,500

Garri

• 50kg Bag of Garri: ₦55,000
• 100kg Bag of Garri: ₦100,000

Tomatoes

• Large Basket of Fresh Derica Tomatoes: ₦180,000
• Medium Basket: ₦95,000
• Small Basket: ₦40,000

Spaghetti

• Golden Penny Spaghetti (500g × 20 pack): ₦28,000

Palm Oil

• 5-litre Gallon: ₦7,500
• 25-litre Gallon: ₦55,000

The rising prices have left many Nigerians struggling to meet basic food needs, and with the ongoing economic pressures, urgent action is needed to curb the inflationary trend.