Food Prices in Nigeria Drop Sharply: Onions Now ₦25,000, Rice ₦40,000 — Presidency Confirms Economic Progress
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| Food Prices in Nigeria Drop Sharply: Onions Now ₦25,000, Rice ₦40,000 — Presidency Confirms Economic Progress |
Food prices in Nigeria have dropped drastically as onions now sell for ₦25,000 and rice for ₦40,000. The Presidency attributes this to Tinubu’s economic reforms.
Nigeria Sees Major Food Price Reduction Amid Economic Reforms
In a welcome development for millions of Nigerians, food prices have seen a remarkable decline across major markets nationwide. According to a report by Nigerian Tribune on Saturday, October 25, 2025, the Presidency announced that essential food commodities like rice, onions, beans, and maize have dropped significantly in price. The government attributes this improvement to the ongoing economic reforms introduced by President Bola Ahmed Tinubu’s administration, which aim to stabilise the economy and encourage local food production.
Presidency Celebrates “Nationwide Food Price Drop”
The announcement was made in a statement by Sunday Dare, the Special Adviser to the President on Media and Public Communication. The statement, titled “Nationwide Food Price Drop — A Testament to President Bola Ahmed Tinubu’s Economic Impact,” highlighted how key government policies are beginning to yield tangible results.
According to Dare, this reduction in food costs demonstrates “progress in efforts to stabilise the economy, enhance local food production, and strengthen purchasing power.” The Presidency believes that these figures reflect a gradual recovery from the food inflation crisis that plagued households earlier in the year.
Major Price Reductions Across Food Commodities
The report from the Office of the Special Adviser detailed a significant decline in prices for key food staples between February and September 2025. Below is a summary of some of the most notable reductions:
H3: Price Comparison (February vs. September 2025)
| Food Item | Price in February 2025 | Price in September 2025 |
|---|---|---|
| Bag of Dry Onions | ₦202,500 | ₦25,000 |
| 50kg Bag of Local Rice | ₦95,000 | ₦40,000 |
| 50kg Bag of Imported Rice | ₦106,000 | ₦70,000 |
| 100kg of Maize | ₦90,000 | ₦30,000 |
| 100kg of Brown Beans | ₦210,000 | ₦50,000 |
| Big Basket of Tomatoes | ₦130,000 | ₦25,000 |
| 25 Litres of Palm Oil | ₦35,000 | ₦28,000 |
| Medium-sized Yam Tuber | ₦4,125 | ₦3,600 |
These figures represent a significant relief for households struggling with high food costs over the past year.
What’s Driving the Food Price Reduction?
The Presidency attributes the sharp price drop to several key policy decisions:
- Boost in local production: The government’s renewed investment in agriculture through initiatives like the National Agricultural Growth Scheme (NAGS) has increased output across major crops.
- Stabilisation of the Naira: A more stable exchange rate, supported by reforms in the Nigerian Foreign Exchange Market (NFEM), has helped reduce import costs for farm inputs.
- Improved food distribution channels: New logistics and transport measures are easing the movement of food items from rural to urban areas.
- Support for farmers: Fertilizer subsidies, access to credit, and intervention programs through CBN’s Anchor Borrowers Programme have encouraged mass food production.
Public Reactions and Economic Implications
The announcement sparked mixed reactions among Nigerians. While many welcomed the lower food prices, others urged the government to ensure that the reductions are sustainable. Economic analysts have also noted that while the drop is significant, continuous monitoring is needed to prevent price rebounds, especially during festive seasons when demand spikes.
The government’s communication emphasized that these results are “early signs of economic recovery” and promised ongoing efforts to sustain affordability and food security.
A Step Toward Food Security and Economic Stability
For years, Nigeria has battled rising food inflation due to insecurity, logistics challenges, and currency instability. This recent development signals a shift toward recovery — one that could strengthen national food security.
Experts recommend continued focus on:
- Rural infrastructure development.
- Agricultural mechanization.
- Youth empowerment in agribusiness.
- Price stabilization mechanisms through strategic grain reserves.
These long-term strategies, combined with consistent policy implementation, can make Nigeria less dependent on food imports.
What Nigerians Should Expect Next
If these positive trends continue, consumers could enjoy more affordable meals, while farmers may benefit from increased government support. However, analysts caution that maintaining these gains will depend on sustained investments, efficient distribution, and stronger monitoring systems.
The Presidency reaffirmed its commitment to making food accessible and affordable for all Nigerians — ensuring that no citizen goes hungry due to inflationary pressures.
Want to stay informed on Nigeria’s latest economic updates, agricultural reforms, and food market trends? Visit androidpols.com.ng for more verified reports and insights. You can also follow trusted news outlets like Nigerian Tribune and The Guardian Nigeria for up-to-date national coverage.
Signs of Hope for Nigerian Households
The sharp drop in food prices — from ₦202,500 to ₦25,000 for a bag of onions and ₦95,000 to ₦40,000 for rice — marks a promising milestone in Nigeria’s economic recovery. While challenges remain, this progress demonstrates that strategic reforms can yield tangible results for citizens.
With continued government efforts and public cooperation, Nigeria could be on the path to lasting food stability and economic resilience.
Stay informed. Stay empowered. Visit androidpols.com.ng for more updates on food prices, government reforms, and economic growth in Nigeria.
