Consumers in Benue, Abia, Borno, Yobe, Adamawa, and Imo states are enjoying a sharp drop in staple food prices, providing relief after months of soaring costs.
In Makurdi, Benue, a mudu of beans now sells for ₦1,500, down from ₦2,300 last year, while half a tin of rice costs ₦12,000, compared with ₦19,000 in 2024. In northern markets, a 50kg bag of rice fell from ₦78,000–₦82,000 to ₦64,000–₦65,000. Maize and beans also experienced significant reductions.
Traders, however, reported losses from hoarding during high-price periods. Economists attributed the price decline to improved supply from local farmers, better access to farms due to enhanced security, and increased importation of grains. They warned that sustaining lower prices would require government support for farmers, improved storage, and transport infrastructure.
Consumers welcomed the drop but urged authorities to ensure long-term stability to truly reduce the cost of living.
