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Top 10 Most Expensive Food Staples to Buy in Nigeria

Food inflation in Nigeria rose to 40.53% in April 2024according to the Consumer Price Index report of the National Statistics Office (BNE).

This represented a 15.92% increase from the 24.61% food inflation rate recorded in April 2023.

However, Nigeria Month-on-month food inflation decreased in April for the second consecutive time. after five months of constant increase dating back to October 2023.

Monthly food inflation in April stood at 2.50%, compared to 3.62% in March 2024, when year-on-year food inflation reached 40.01%.

Nigeria, with its diverse cuisine and rich culinary heritage, has seen significant fluctuations in staple food prices over the past year.

According to recent NBS data, these are the 10 most expensive staple foods in Nigeria in April 2024:

10. Agricultural rice sold in bulk

Rice sold in bulk has seen a significant increase in prices with a year-on-year increase of 135.62%, making it one of the ten most expensive staple foods in Nigeria. The average price of 1kg of rice was 631.50 Naira in April 2023 which increased to 1,487.91 Naira in April 2024. From March 2024 to April 2024, the average price increased from 1,378.84 Naira to 1,487.91 Naira, reflecting 7.91% MoM. increase.

The highest prices were recorded in Niger State at N1,984.18, while Benue State had the lowest at N1,078.73. This increase is indicative of broader trends affecting rice production and distribution in Nigeria.

9. Chicken legs

Chicken feet, a popular delicacy in Nigeria, have seen a substantial year-on-year increase of 138.58%. The price was 1,115.29 Naira in April 2023 which rose to 2,660.90 Naira in April 2024. This represents an increase of 9.04% from March 2024 when the price was 2,440.35 Naira .

The highest price was found in Abuja at N5,507.95, significantly higher than the lowest price of N1,005.10 in Bauchi State. This price increase reflects increased demand and potential supply constraints affecting chicken feet.

8. Banana (ripe)

Ripe bananas, essential in many Nigerian dishes, have seen a year-on-year price increase of 144.68%. The price was 412.39 Naira in April 2023, and increased to 1,009.05 Naira in April 2024. From March 2024 to April 2024, the price increased from 947.35 Naira to 1,009.05 Naira, which represents a month-on-month increase of 6.51%.

The highest prices were observed in Cross River at N1,380.87, while Yobe State had the lowest prices at N560.81. The price increase underlines the high demand for bananas and the challenges in maintaining stable supply chains.

7. Irish potato

The price of Irish potatoes has increased by 149.18% year-on-year. The price was 567.29 Naira in April 2023, and increased to 1,413.57 Naira in April 2024. From March 2024 to April 2024, the price increased from 1,254.45 Naira to 1,413.57 Naira, which reflects an increase of 12.68% compared to the previous month.

Ondo State recorded the highest price at N2,000, while Borno had the lowest at N653.73. This significant increase is influenced by seasonal factors, transportation costs and possibly localized production challenges.

6. Medium Grain Rice

Medium grain rice prices have increased by 151.95% year-on-year. The price was 609.57 Naira in April 2023, and increased to 1,535.83 Naira in April 2024. From March 2024 to April 2024, the price increased from 1,438.07 Naira to 1,535.83 Naira, which It represents an increase of 6.8% compared to March 2024.

The highest prices were recorded in Ogun State at N1,899.91, while Kano State had the lowest at N1,164.35. The steady rise in prices reflects broader trends in the rice market, including production costs and fluctuations in demand.

5. Yam tuber

Yam, a staple food in many Nigerian households, has seen a year-on-year increase of 154.19%. The price was 444.69 Naira in April 2023, and rose to 1,130.37 Naira in April 2024. From March 2024 to April 2024, the price rose from 1,068.78 Naira to 1,130.37 Naira, which represents a month-on-month increase of 5.76%.

Cross River State had the highest price at 1,797.15, while Bauchi State had the lowest at 638.64 naira. The price increase highlights the essential nature of yam in Nigerian cuisine and the pressures on supply chains.

4. Local rice sold in bulk

Local rice prices have risen 155.93% year-on-year. The price was 546.76 Naira in April 2023, and increased to 1,399.34 Naira in April 2024. From March 2024 to April 2024, the price increased from 1,340.74 Naira to 1,399.34 Naira, an increase 4.37% compared to the previous month.

Niger State recorded the highest prices at N1,785.47, while Benue had the lowest at N993.72. Rising local rice prices highlight the challenges of local production and distribution, affecting affordability.

3. Broken rice (Ofada)

Ofada rice, known for its unique taste, has seen a 158% year-on-year price increase. The price was 601.61 Naira in April 2023, and rose to 1,552.18 Naira in April 2024. From March 2024 to April 2024, the price increased slightly from 1,525.75 Naira to 1,552.18 Naira, a modest increase of 1.73%.

Ogun State recorded the highest prices at N2,941.81, while Zamfara had the lowest at N987.28. This substantial price increase reflects the growing popularity and limited availability of Ofada rice.

2. Banana (unripe)

Green banana prices have skyrocketed by 168.29% year-on-year. The price was 372.89 Naira in April 2023, and increased to 1,000.41 Naira in April 2024. From March 2024 to April 2024, the price increased from 933.16 Naira to 1,000.41 Naira, an increase 7.21% compared to the previous month.

The highest prices were recorded in Ondo State at N1,729.57, while Yobe had the lowest at N470. The significant increase highlights the versatile use of bananas in Nigerian cuisine and the supply challenges they face.

1. sweet potato

Sweet potato tops the list with a staggering 182.04% year-on-year increase. The price was 286.26 Naira in April 2023, and rose to 807.35 Naira in April 2024. From March 2024 to April 2024, the price rose from 689.47 Naira to 807.35 Naira, which reflects a month-on-month increase of 17.1%.

Delta State recorded the highest price at N1,381.37, while Kaduna had the lowest price at N387.68. The drastic increase in sweet potato prices indicates a significant imbalance between supply and demand and highlights the need for targeted interventions to stabilize prices.

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