Prices of Food in Nigeria | 2024 Latest Update

Check to see if the prices of food items in Nigeria are currently increasing or decreasing.

With the constant rise in the inflation rate, Nigerians are currently bracing for challenging times. This is because there has been a steady rise in the cost of foodstuffs such as eggs, rice, and tomatoes.

Besides weakening currency and other economic indices, the problem has been exacerbated by insecurity (which has prevented farmers from going to their farms), flooding (which accounts for bad harvests and crop yields), poor road networks, and a lack of storage facilities.

The government’s failure to tackle these problems has led to this food crisis. Even experts have continued to advocate for a more proactive approach to handling them.

The cost of food items like bread and rice has spiked tremendously as Nigerians continue to purchase them. Poor road infrastructure and storage processing facilities have triggered the rapid increase in the price of perishable food products like milk, chicken, beef, and fish.

In a conversation with supermarket owners and traders, I was told that these prices won’t reduce in the future.

2024 Price of all Food items in Nigeria

Below are the prices of all the basic food items in Nigeria:

Beans

Beans are a popular food item among Nigerians. An obvious fact is that beans are less expensive in the north than in the south. This implies that the part of the country you are residing in will affect how much you will purchase the beans.

However, the cost of beans varies from ₦150,000 to ₦200. There is a steady rise in the price per bag; this differs from what people get in 2024 because of the high inflationary trend and flooding issue.

A paint bucket of iron beans in Nigeria currently (2024) can be priced around ₦7000 to ₦8,500, and your location also affects the cost.  At the same time, a cup of beans can be priced around ₦450 to ₦600. A 50kg bag of beans can measure up to 12 to 14 paints. You will find 26 paint buckets in 100kg bag of beans.

Then, the price of a 50kg bag of beans can hover around ₦80,000 to ₦100,000. A mudu of beans costs around 750 naira while a derica of beans prices 400 to 650.

Both Oloyin or honey beans, and brown beans cost the same as iron beans. There’s really not much difference.

Groundnut price (2024)

• Groundnut seed for planting: ₦2,500
• Shelled raw groundnut: ₦1,200
• Fine groundnut (85kg bag): ₦135,000
• Bottle of fried groundnut: ₦2800
• Groundnut oil (1 bottle): ₦1,078.17 in July 2022
• Groundnuts (per kg): ₦500
• 50kg bag of groundnuts == From N40,000
• 100kg bag of groundnuts == From N90,000

Maize 

 Palm Oil 

• Palm Oil (25L) @ Bodija Market, Ibadan == N14,000
• Palm Oil (25L) @ Dawanau Market, Kano == N12,500
• Palm Oil (25L) @ Gboko Main Market, Benue == 14,000
• Palm Oil (25L) @ Gombe Main Market == N13,000
• Palm Oil (25L) @ Mile 12 Market, Lagos == N16,000
• Palm Oil (25L) @ Igbudu Market, Delta State == N10,000
• Palm Oil (25L) @ Nkwo Nnewi Market, Enugu == N12,000
• Palm Oil (25L) @ Umuahia Market, Abia State == N11,000

All of this depends on the market location and seller. Note that the prices are within that range

 Vegetable Oil (2024)

• King’s vegetable oil: 1 liter for ₦2,400
• Devon King’s vegetable oil: 1 liter for ₦1,200, 3 liters for ₦3,100, 5 liters for ₦3,550, 10 liters for ₦16,500
• Power vegetable oil: 75 ml for ₦200, 1.4 liters for ₦1,850, 2.6 liters for ₦2,800
• Golden Penny cooking vegetable oil: 4 liters for ₦3,850
• Mamador vegetable oil: 3.5 liters for ₦3,800

Rice

Read: Best Rice Brands in Nigeria

Tomatoes (2024) price

• Tasty Tom Tomatoes (roll) sachet: ₦600
• Fresh Tomatoes: ₦2,000
• Fresh Pepper: ₦100
• Tasty Tom 1 carton: ₦3,600
• Fresh tomatoes-paint rubber: ₦4,000
• Fresh Tomatoes-small basket: ₦5,500
• Gino Sachet Tomatoes-70g Carton: ₦3,700
• Gino Sachet Tomatoes Paste-(1 roll): ₦600
• Fresh Tomatoes – 500g: ₦650

Note that the price of tomatoes varies greatly depending on where you are. There is no standard fixed price. It might be cheaper today and on the high side tomorrow.

Soya Beans

• 1 kg of soya bean powder: ₦6,000
• 100 kg of Maiduguri soya beans: ₦41,000
• 1 ton of soya beans: ₦180,000–₦300,000
• 1 mudu of soya beans: ₦290
• 1 kg of soya bean seeds: ₦1,699.99
• 2 kg pack of soya bean seeds for planting: ₦2,499.99
• The price of soyabeans per ton ranges from ₦180,000 – ₦300,000

 Onion prices in Nigeria (2024)

• ₦ 5,500. Gino Pepper Onion Tomato Paste – 1 Carton 70g 50 Sachets. Bulk prices.
• ₦ 120,000. Fresh /Big Onions.
• ₦ 1,200. A Plate of Salad.
• ₦ 87,000. 100kg Bag Onion.
• ₦ 85,000. Fresh Onions.
• ₦ 2,000. Tomato Pepper and Onion Paste. Bulk prices.

Cassava Products price in Nigeria

• A bag of Yam Flour (Elubo)  == N63, 000- N69, 000
• A bag of Garri == N13, 000 – N110,000
• A paint bucket of Garri  ==   N3000-N3500
• A bag of Ijebu Gaari (80 kg) ==  N10, 000 – N16, 000
• A bag of White Gaari (50 kg) == N50 – N75, 000
• A bag of Yellow Gaari (50 kg) == N65– N80, 500

Current Prices of Yam in the Nigerian Market (2024)

• Abuja Yam (big) == N2000– N300
• Abuja Yam (Medium)  == N1500– N200
• Regular Yam (big ) ==  N3000– N4000
• Regular Yam (Medium) == N150 – N2500 per tuber.

Yam has become a scarcity in Nigeria at the moment. Gone are the days when you could see a yam tuber for 500 naira or even 700.

Current Price of Noodles in the Nigerian Market Today 2024

• Carton of Indomie Chicken (70g x 40ps) ==  N5000
• Carton of Indomie Onion (70g x 40ps) == N6000 – N7000
• Carton of Indomie Superpack (120g x 40ps) == N11— N12,500
• Carton of Indomie Hungry Man (200g x24ps) == N14,000- N15,500
• Carton of Indomie Belleful (305g x 16ps) ==  N11,500 – N12,000
• Carton of Chiki Noodles (100g x 40ps) ==  N9,500 – N10, 200
• Golden Penny Noodles (70g x40ps) ==  N8,500 – N9,300

Current Prices of Potato in the Nigerian Market Today

• Sweet Potato (Big Basket)   ==  N2000 – N3000
• Sweet Potato (Small Basket)  ==  N100 – N1500
• Irish Potato (Big Basket) ==   N2,900 – N3, 200
• Irish Potato (Medium Basket) ==  N1, 800 – N 2, 300
• Irish Potato (Small Basket)  ==  N1,200 – N1,500

Read: See the Complete Difference Between Maize and Corn

 Other Food Items prices in Nigeria

• Spaghetti (Golden Penny 500g) – N200-N250
• Spaghetti (Dangote 500g) – N200-N250
• Spaghetti (Power 500g) – N200-N250
• Spaghetti (Bonita 500g) – N250-N300
• Dangote Sugar (50kg) – N17,000- N17, 300
• Sugar St’ Louis Sugar (Cube 500g) – N350- N400
• Sugar Golden Penny Sugar (cube) 500g – N300- N400
• Bread Val-U (1 loaf) – N300- N400
• Bread Butterfield (1 loaf) – N350- N400
• Egg N/A Crate – N1100- N1300

Milk (Powdered) in Nigeria

• Peak (Tin 400g) – N1,150- N1,200
• Peak (Tin 900g) – N1,900-N2,000
• Milk Peak milk (Refill) 500g – N950- N1,100
• Milk Three Crowns (Refill) 380g – N800-N900
• Milk Loya Powdered (Tin) 400g – N800-N900
• Milk Loya (Refill) 400g – N750-N850
• Milk Coast (Refill) 500g – N700- N800
• Milk Dano Powdered (Tin) 500g – N900- N1,000
• Milk Dano Powdered (Tin) 900g – N1,650- N1,700
• Milk Dano (Refill) 500g – N800-N1000

Beverages in Nigeria

• Cocoa Beverages Milo (Tin) 500g – N1,000- N1200
• Cocoa Beverages Milo (Tin) 900g – N1,900-N2000
• Cocoa Beverages Milo Refill 500g – N950- N1000
• Cocoa Beverages Bournvita Refill 500g – N850-N950
• Cocoa Beverages Bournvita (Plastic) 500g – N950-N1000
• Cocoa Beverages Bournvita (Plastic) 900g – N1,600-N1800
• Cocoa Beverages Ovaltine (Refill) 500g 850- N950
• Cocoa Beverages Ovaltine (Plastic) 500g – N900- N100
• Coffee Nescafe Gold Blend – N1,600- N1800
• Coffee Nescafe Classic 50g – N550- N600
• Tea Lipton Yellow label 52g – N230- N300
• Tea Top tea 52g – N200- N300

In conclusion, food prices in Nigeria are climbing steadily, making everyday items like rice, beans, and tomatoes increasingly expensive. With inflation and supply chain issues driving up costs, it’s becoming more challenging for people to keep up.

As prices continue to rise, finding practical ways to cope and improve the situation will be essential for easing the burden on Nigerian households.