FoodPriceRelief sweeps across Nigeria as prices of major staples fall by up to 30%, bringing relief to households after months of inflation and high living costs.
FoodPriceRelief has arrived for millions of Nigerians as the recent drop in food prices brings long-awaited relief to households struggling with the rising cost of living.
The decline in prices is attributed to the ongoing harvest season, favorable weather conditions, improved security, and a federal government import waiver that has encouraged a surge in cheaper food imports.
A BusinessDay market survey across major cities shows that prices of food staples have dropped by an average of 30% year-on-year.
Price Drops Across Major Cities
In Lagos, a 50kg bag of local parboiled rice now sells for ₦65,000, down from ₦73,000 in October 2024 — an 11% decrease. A 50kg bag of foreign parboiled rice now costs ₦62,000, compared to ₦82,000 last year, marking a 24% drop.
Prices of a big basket of tomatoes have also fallen by 30%, from ₦50,000 in October 2024 to ₦35,000 currently.
In Abuja, a 50kg bag of local parboiled rice that sold for ₦75,000 last October now goes for ₦63,000, a 16% reduction.
Similarly, a four-litre container of white garri now sells for ₦1,600, down from ₦4,000 last year — a 60% drop. A small bucket of rice, popularly called mudu, now sells for ₦2,500, compared to ₦5,000 in October 2024.
Nigerians Express Relief
The price reductions have sparked excitement among Nigerians who say they can now afford a more balanced diet.
Ogechi Chimereme, a pharmacist in Lagos Island, expressed joy over the development.
She added that her family had previously struggled to meet their feeding needs due to high prices.
Esther Ejiro, a fruit seller at Berger in Lagos, shared similar sentiments.
Inflation Eases After 2024 Crisis
Nigeria experienced its worst cost-of-living crisis in 2024, when food prices surged to a record high of 40.87%, driving headline inflation to 34.19%.
However, food inflation has since eased to 16.87% in September 2025, according to the latest Consumer Price Index (CPI) data.
A report by Cardinal Stone, a multi-asset investment management firm, noted that the sharp decline in food inflation was partly due to the recent drop in market prices and improved security conditions.
Families Adjust to the New Reality
Olu Mayowa, a civil servant and father of three, said his family is already benefiting from the price drop.
He added that the relief has made it easier to manage household expenses after months of financial strain.
For a country where people spend over 50 percent of their salaries on food, according to several studies, the ease in food prices has brought relief and hope to cash-strapped Nigerians.
Iyi Lawale, an accountant in Lagos, said many families can now better feed their children.