Nigeria's staple food prices have risen by at least 40% in the past two months, causing widespread concern among citizens. Essential commodities like rice, beans, and garri have been affected, leading to public agitation and calls for an increase in minimum wage to manage the financial burden.
How much is 50kg bag of beans in Nigeria today
The price of beans has increased from 35,000 to N65,000, with the price per mudu measurement rising from N800 to N1,600.
A 60 kg bag of honey beans known as oloyin is now N120,000 as against the previous price of N80,000. A rubber of honey beans which contains 10 milk cups is now N2,500 from N1,800 that it was sold before. The prices of things are highly unstable now in the country. Food prices increase can be influenced due to factors such as inflation, supply chain disruptions, currency devaluation, and increased production costs.
Soaring food prices in Nigeria are exacerbating economic hardship, particularly for those below the poverty line. The crisis raises concerns about long-term food security, as rising prices limit essential nutrition access. Unrest and protests highlight social stability and the risk of civil unrest if not addressed promptly.
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