Prices of Foodstuff in Nigeria Today

Rice Prices

Rice is a widely consumed food in Nigeria, and its prices fluctuate. 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 a 50kg bag of rice can range from ₦60,000 to ₦70,500.

To help you make informed decisions, we shall educate you on the different rice varieties and their corresponding prices:

Rice Variety	Price Range (₦)
Basmati Rice (5kg)	₦20,000 – ₦50,000
Parboiled Rice(50kg)	₦60,000 to ₦70,500
Caprice gold	₦77,000.00
Mama Gold	₦26,000
Royal Stalone Gold Rice	₦ 23,500.
Uncle Ben rice	₦ 22,000

Other rice varieties and prices include Brown rice- ₦ 12,500. caprice- ₦77,000.00, Special Rice- ₦25,000.00, Royal Umbrella Rice-₦ 11,100, Tomatoes Rice-₦24,500, and Rise Sun Rice-₦10,000.00 – ₦44,000.00.

Note; The prices may vary depending on the region and the specific store you choose to make your purchase from. Do well to visit our local markets or online stores for the most up-to-date prices.

Keeping up with costs will help you make better decisions while buying rice in Nigeria, regardless of your preferences for a particular kind or budget.

Bean Prices

Price-wise, beans can differ greatly, while being essential in Nigerian cuisine. Depending on the kind, buying beans in Nigeria could cost anywhere from cheap to rather pricey. Currently, you may pay anything between ₦60,000 to ₦70,000 for a 50-kilogram bag of Oloyin beans. Customers often choose this particular variety because of its rich flavor.

Remember, that the supply and demand variables might cause these prices to change. It is important to note that these prices are subject to change and are merely an overview of the state of the market. Bean ultimate prices are subject to a variety of factors, including market demand, transportation costs, and harvest yields.

Yam Prices

In Nigeria, yam is very important in terms of culture and cuisine. There are several possibilities available in Nigeria about the cost of yam. Abuja yams may be bought easily and cost anywhere from ₦500 to ₦300, depending on the size and quality of the tubers. These yams are often utilized in traditional Nigerian cuisines and are well-known for their starchy texture.

The costs may be a little more for those seeking a more upscale selection. There are also imported yams available in the market, with a distinct flavor and texture, such as the “Puna yam” from Ghana. it is essential to verify with local vendors the pricing of imported yams, since they may differ and are subject to change due to supply and demand.

Noodle Prices

Instant noodles have become a quick and convenient meal option in Nigeria. The price of noodles varies based on the noodle brand, and pack size. The table below shows the current price of noodles in Nigeria.

Noodle Brand	Price Range (₦)
Indomie Superpack	₦40,50 a carton
Indomie Pepper Chicken	₦3,250 a carton
Hungryman	₦3,850 a carton
Supreme Noodles	₦6,528.00 a carton
Mimee Noodles	₦3,900.00
Chikki Jumbo	₦8,000

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.

1. Garri

Nigerians consume an excessive amount of garri, a common dish produced from cassava. Depending on the type and quality, a 50-kilogram bag of garri might cost anywhere from ₦22,000 and ₦26,000. This adaptable culinary commodity is frequently utilized to prepare a variety of foods, including soakings for garri and eba, which makes it a financially sensible option for many homes.

2. Potatoes

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.

3. Pasta

One of Nigerians’ favorite pasta dishes is spaghetti. Depending on the brand, a dozen spaghetti pieces cost ₦24,000. Serve it with tomato sauce, carbonara, or spaghetti bolognese—this reasonably priced food item is a go-to choice for quick and simple dinners. See the table below.

Brand	Type	Size	Price	Size	Price (Carton)
Dangote	Spaghetti	400g	₦600 – ₦800	24 packs	₦12,000 – ₦15,000
Dangote	Macaroni	400g	₦650 – ₦850	24 packs	₦13,000 – ₦16,000
Golden Penny	Spaghetti	400g	₦700 – ₦900	24 packs	₦14,000 – ₦17,000
Golden Penny	Macaroni	400g	₦750 – ₦950	24 packs	₦15,000 – ₦18,000

4. Cooking Oil

Last but not least, cooking oils are essential to Nigerian cooking as they provide food flavor and richness. Cooking oil costs can change depending on several factors, including amount, kind, and brand.

The price range for a five-liter bottle of vegetable oil is ₦5,500 to ₦6,500, whereas the price range for a five-liter bottle of palm oil is ₦5,500 to ₦6,500. It’s crucial to select cooking oils based on your cooking requirements and preferences.

These costs are an estimate that may change based on variables including geography and market conditions. It is suggested to verify with local vendors or marketplaces for the most up-to-date pricing as food costs are subject to vary owing to supply and demand.

Note

Purchasing food in bulk or via wholesalers may frequently result in financial savings. Wholesalers provide competitive rates that can help people and businesses save money when purchasing food in larger quantities.

In Nigeria, the costs of different food items in wholesale marketplaces might differ, but good bargains can be found with a little investigation and comparative shopping.

Individuals and companies may save money and guarantee a consistent supply of necessary goods by buying food items in bulk from wholesalers. To get the greatest deal, it’s crucial to weigh quality and price before making a purchase.

Conclusion

A diversified strategy is necessary to handle the problem posed by Nigeria’s volatile food prices. However, to create a more robust and sustainable food system, long-term solutions must address fundamental problems such as agricultural production, infrastructural development, and regulatory changes.

The government as well as the private sector must work together to guarantee food security and lessen the socioeconomic effects on the people since Nigerians are still struggling with the volatility of food prices. Nigeria can effectively address the issues posed by volatile food prices and create a more affluent future for its whole population only by implementing proactive and cooperative measures.