The cost of essential food commodities across Nigeria has continued to soar, deepening the cost-of-living crisis for households already battling economic pressures.
A market survey carried out in early November 2025 shows sharp price increases for key staples such as rice, tomatoes, cooking oil, spaghetti, and beans — signaling persistent inflationary strain across major urban and rural markets.
Sharp Rise in Daily Food Staples
Average prices recorded across key cities include:
- 1 litre Cooking Oil: ₦3,400
- Cornflakes (Roll Pack): ₦1,300
- Small Basket of Tomatoes: ₦2,500
- Pepper: ₦800
- Sagu (Cassava Flour): ₦2,000
- Beans (Paint Bucket): ₦4,500
- Egusi (Mudu): ₦2,600
- Rice (50kg Bag): ₦54,000
- Spaghetti (Pack): ₦18,600
- Garri (Paint Bucket): ₦1,500
The price of cooking oil has nearly doubled in several states since mid-2025, while rice — a major staple in most homes — now exceeds ₦50,000 per 50kg bag, rising from around ₦43,000 earlier in the year.
Last week, Gossip News Now reported a temporary drop in rice prices in major Lagos markets due to improved local harvests and more imported supply. However, traders fear significant losses as prices adjust.
According to the News Agency of Nigeria (NAN), a 50kg bag of rice currently sells between ₦55,000 and ₦70,000, depending on brand and market location.
At bustling markets like Oyingbo, Arena (Oshodi), Mile 12, and FESTAC Town, local rice that cost around ₦85,000 in January now sells between ₦60,000 and ₦70,000, while foreign brands have fallen from ₦95,000 to between ₦65,000 and ₦75,000.
