• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Economy

NBS reports sharp drop in food prices across Nigeria

Garri, beans and rice record significant declines nationwide

David Okere by David Okere
March 24, 2026
in Economy
0 0
0
NBS

NBS reports sharp drop in food prices across Nigeria

thenacre-campaign

NBS food prices drop Nigeria as garri, beans and rice record sharp declines, easing pressure on household budgets across states

The National Bureau of Statistics reported a significant drop in the prices of key staple foods across Nigeria, offering relief to households amid economic pressures.

Also read: JUST IN: EFCC seals Abubakar Malami residence in Abuja raid

The NBS food prices drop Nigeria report, based on January 2026 data, showed that widely consumed items such as garri, beans, maize and rice recorded notable year-on-year declines compared with January 2025.

Garri recorded one of the most dramatic reductions. White garri fell from an average of N1,267.63 to N771.98, representing a 39.10 per cent drop.

Yellow garri also declined sharply from N1,358.96 to N821.91, a 39.52 per cent decrease.

Odun Ifa 2026
ADVERTISEMENT

Beans prices followed a similar trend. Brown beans dropped from N2,458.53 to N1,262.43, marking a steep 48.65 per cent decline.

Perfect-Aesthetic-social-1

White beans also fell significantly from N2,123.85 to N1,209.91, a 43.03 per cent reduction.

Maize prices declined as well, with white grains falling from N1,168.34 to N784.59, representing a 32.85 per cent decrease.

Rice recorded more moderate drops, as local rice fell by 10.94 per cent, while imported long-grain rice declined by 12.31 per cent.

Other food items, including fresh onions, sweet potatoes and tomatoes, also recorded price reductions, reflecting a broader easing in staple food costs.

Analysts say the trend could provide critical relief for consumers grappling with high living costs.

However, the data revealed mixed price movements across food categories.

adron lemon friday

Items such as crayfish, ginger, chicken and fish recorded increases, indicating persistent supply and distribution challenges in certain segments of the market.

State-level analysis showed notable disparities. Bauchi, Taraba and Adamawa recorded some of the lowest prices for staple foods, while states such as Oyo and Bayelsa posted higher costs, highlighting regional variations in supply chains and market access.

Also read: Billionaire businessman Obi Cubana offers apology after viral Igbo comment

The latest figures from the National Bureau of Statistics suggest a shifting food price landscape, with declining staples offering cautious optimism for households, even as inflationary pressures remain in other sectors.

David Okere
David Okere

David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.

Related Posts

Economy

Nigeria economy shows strong recovery signals for 2026

by Quadri Olaitan
January 20, 2026
Nigeria
Economy

Nigeria’s inflation eases to 15.91%, food prices bite – OPS

by Victory Emmanuel
July 16, 2026
Anietie Udoh
Advertising

Anietie Udoh joins global jury, earns prestigious ICMA role

by Peculiar Adirika
September 5, 2025
NGX
Economy

NGX suffers sharp 3.6% loss as global markets shift

by Victory Emmanuel
June 22, 2026
Sanwo-Olu MSME Finance
News

Lagos state governor Sanwo-Olu unveils landmark N10 billion MSME funding initiative with BOI

by Quadri Olaitan
May 8, 2025

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Ogogo

BREAKING: Nollywood actor Ogogo seriously ill with stage 4 cancer (VIDEO)

August 17, 2026
ECOWAS

ECOWAS Startups Award draws 6,000 applications

August 17, 2026
LASU

LASU best graduate wins N10m excellence prize

August 17, 2026
Osun

Osun 2026: When the people speak, politics must listen

August 17, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Ogogo

BREAKING: Nollywood actor Ogogo seriously ill with stage 4 cancer (VIDEO)

August 17, 2026
ECOWAS

ECOWAS Startups Award draws 6,000 applications

August 17, 2026
LASU

LASU best graduate wins N10m excellence prize

August 17, 2026
Osun

Osun 2026: When the people speak, politics must listen

August 17, 2026
ADVERTISEMENT
August 2026
SMTWTFS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Jul    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Ogogo

    BREAKING: Nollywood actor Ogogo seriously ill with stage 4 cancer (VIDEO)

    0 shares
    Share 0 Tweet 0
  • Lagos to host All Nigeria Peace Summit 25 years after Cape Town

    0 shares
    Share 0 Tweet 0
  • Adeleke’s win issues stark warning APC is beatable

    0 shares
    Share 0 Tweet 0
  • Lagos impounds 175 vehicles over dealer plate abuse

    0 shares
    Share 0 Tweet 0

Just Published!

Ogogo

BREAKING: Nollywood actor Ogogo seriously ill with stage 4 cancer (VIDEO)

August 17, 2026
ECOWAS

ECOWAS Startups Award draws 6,000 applications

August 17, 2026
LASU

LASU best graduate wins N10m excellence prize

August 17, 2026
Osun

Osun 2026: When the people speak, politics must listen

August 17, 2026
Access Bank

Access Bank gets court order over N1.34bn fraud

August 17, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.