Update On Weekly Food Cost Report: Rice, Beans, Tomatoes, And More

Update On Weekly Food Cost Report: Rice, Beans, Tomatoes, And More

In a recent development that promises relief to the masses, the Federal Government of Nigeria has announced a strategic plan aimed at significantly reducing food prices across the nation within the next six months.

The declaration, made by the Minister of Agriculture and Food Security, Abubakar Kyari, comes amid widespread concerns about the soaring cost of living and the deepening food insecurity in the country.

On Wednesday, July 10, Minister Kyari outlined the government’s commitment to implementing robust policies designed to address the current food crisis.

According to him, these measures are expected to alleviate the hardship faced by millions of Nigerians who have been vocal about their struggles with escalating food prices.

Ireporteronline reported the announcement at a time when frustration and hunger are palpable among the citizenry, exacerbated by economic challenges and inflationary pressures that have plagued the Nigerian economy.

The government’s plan involves a series of interventions that focus on boosting agricultural productivity, enhancing food supply chains, and stabilizing prices in local markets. These efforts are part of a broader economic recovery strategy aimed at ensuring food security and sustainable growth.

Here is the price of major food commodities this week:

Price Of Bag Of Rice

Foreign rice – ₦78,000

Nigerian Rice (Stone Free) And Foreign Rice Of All Kinds – ₦65,000

50kg Bag of Golden Rice Nigeria Rice – ₦75,000

Price of bag of Beans

White Beans 25kg ₦30,000

Brown Beans 25kg ₦30,000

Honey beans 25kg ₦37,500

White Beans 50kg ₦60,500

Brown Beans 50kg ₦60,000

Honey beans 50kg ₦75,000

White Beans 100kg ₦120,000

Brown Beans 100kg ₦120,000

Honey beans 100kg ₦150,000

Price Of Bag Of Garri

1kg – ₦1,500

5kg – ₦7,500

10kg – ₦15,000

Tomatoes

A small basket of tomatoes sells for ₦6,500

A big basket of premium quality fresh tomatoes sells for around ₦45,000 to ₦70,000

Price of Garri

1kg ₦1,000

5kg ₦5,000

10kg ₦10,000

25kg ₦25,000

50kg ₦50,000

100kg ₦100,000

1 ton ₦1,000,000