How Much is a Bag of Beans in Nigeria Currently?

Beans is one of the most popular food items in Nigeria, it is a meal that serves as an accompaniment for yams, plantains (ripe and unripe), rice, and even bread. Beans used to be one of the cheapest food items in Nigeria, but things are different now.

When prices of rice increased, beans slowly gained more popularity since it was a more affordable option, those times have also come to an end. Beans is now gold!

These days, visiting the market to shop for groceries has become a depressing exercise due to the high cost of food items. The question that is rife in the minds of Nigerian adults now is How much does a bag of beans cost exactly?

We will answer this question as comprehensively as we can in this article giving insight into the different types of beans available and their accompanying prices.

How Much is a Bag of Beans in Nigeria Currently?

Below, we will acclimatize you to the current cost of a bag of beans in Nigeria. A word of warning though, as the popular saying goes, “Today’s price is not tomorrow’s price” so understand that the prices are subject to change due to the current market fluctuations. Ensure that you research the current prices of a bag of beans when you are ready to purchase your beans.

Types of Beans Sold in the Nigerian Market

1. Honey Beans
2. White Beans
3. Brown Beans
4. Butter Beans
5. Olotun Beans

How Much is a Bag of Beans in Nigeria Currently?

Below are the prices of 100kg bags of different types of beans in Nigeria.

1. Oloyin Beans (100kg) – N60,000
2. Olotun Beans (100kg) – N58,000
3. Butter Beans (100kg) – N54,000
4. White Beans (100kg) – N54,000
5. Brown Beans (100kg) – N53,500

Factors that Contribute to the Rise of the Cost of Bag Beans in  Nigeria

1. Increased demand: Beans are a versatile and affordable protein source, and their demand has risen with the growing population and changing dietary preferences.
2. Disruptions in the global supply chain: The war in Ukraine and other global factors have impacted the availability and cost of imported ingredients used in local bean production.
3. High transportation costs: Transporting beans from farms to markets has also increased, further pushing up the final price.

How To Get The Best Market Deals

1. Visiting local markets: You might find more competitive prices compared to supermarkets.
2. Buying in bulk: If storage space allows, buying larger quantities can offer some cost savings.
3. Comparing prices: Check with different vendors at the market to find the best value.

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