Households across Nigeria are facing renewed pressure as the prices of everyday food items continue to increase in markets nationwide. From major staples like rice and beans to packaged foods, cooking oil, and seasonings, rising costs are stretching family budgets even further.
Latest Market Prices for Common Food Items
Recent checks across retail markets reveal the following average prices for widely consumed food products in February 2026:
- Cornflakes (roll): ₦1,350
- Semo (bag): ₦12,550
- White or red beans (mudu): ₦2,500
- Maggi Knorr seasoning (carton): ₦2,150
- Golden Penny butter (single unit): ₦920
- Rice (50kg bag): ₦58,000 – ₦61,000
- Spaghetti (carton): ₦18,520
- Choco Pops (roll): ₦1,300
- Indomie noodles (carton): ₦9,800
- Terra vegetable oil (1 litre): ₦3,300
- Salt (large pack): ₦450
- Tomato paste (roll): ₦1,200
These figures reflect persistent inflationary pressure on food items and household essentials.
Why Food Prices Keep Rising
Several economic and structural factors continue to fuel the steady increase in food prices across the country.
Weakening Value of the Naira
The depreciation of the naira against major foreign currencies has raised the cost of imported food items, raw materials, additives, and packaging, which ultimately affects retail prices.
High Transportation Expenses
Rising fuel prices, coupled with insecurity along key transport routes, have made it more expensive to move food items from farms and production centres to urban markets.
Rising Cost of Local Production
Local manufacturers and food processors are battling unreliable power supply, high diesel costs, and frequent equipment breakdowns, all of which increase production expenses.
Dependence on Imported Inputs
Many food products such as spaghetti, breakfast cereals, and vegetable oil depend partly or fully on imported inputs, exposing prices to international market fluctuations.
Disruptions in Agricultural Supply Chains
Flooding, inadequate storage facilities, and insecurity in farming communities have affected agricultural output, limiting supply and driving prices higher.
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