As the holiday season approaches, Nigerians are bracing themselves for a likely surge in the prices of essential food items. Market trends indicate a significant increase in prices, driven by bulk buying and panic purchases.
Market traders and stakeholders are expressing concerns about the anticipated price hikes, citing increased demand and potential supply chain disruptions as key factors. To mitigate these challenges, many are calling for government intervention to prevent unfair practices and ensure food affordability for all.
As Nigerians adjust their budgets to accommodate the expected price increases, some are urging the government to monitor market activities and address potential exploitation by unscrupulous traders. The government’s swift action is crucial in ensuring that the festive period does not become a burden on many households.
Here are some current price points for major food commodities:
**Rice**
* My Choice Bag of Rice – ₦96,000
* Bag of Mama’s Pride Rice – ₦95,000
* Bag of Rice (Long Grain 50kg) – ₦98,000
* Khemji Bag of Rice – ₦103,000
* 25kg Bag of Rice – ₦47,500
**Beans**
* Sweet Pure Butter Beans (50kg) – ₦160,000
* Brown Beans (50kg) from Maiduguri – ₦90,000
* Soyabeans (Very Dried) – ₦130,000
* Peleed Beans for Moi Moi (20kg) – ₦80,000
* Neat and Picked Pure Oloyin Sweet Beans (2.5kg) – ₦8,500
**Garri**
* One Paint of Garri – ₦3,900
* Bag of Garri (50kg) – ₦55,000
* 100kg Bag of Garri – ₦100,000
**Tomatoes**
* Fresh derica Tomatoes (Big Basket) – ₦180,000
* Medium Basket – ₦95,000
* Small Basket – ₦40,000
* Royal Sun Plum Tomatoes (24 Cans) – ₦32,000
**Spaghetti**
* Golden Penny Spaghetti (500g x 20) Cartoon – ₦28,000
**Palm Oil**
* 5 Litre Gallon – ₦8,500
* 25 Litre Gallon – ₦56,500
**Onions**
* One Bag – ₦180,000
**Irish Potatoes**
* One Basket – ₦75,000
