Friday, July 17, 2026

Market Survey: Rice, garri, beans prices surge in Lagos

A trader urged the federal government to come up with a final solution to the continuous hike.

• March 16, 2025
Foodstuffs
Foodstuff used to illustrate the story

Staple foods like rice, garri, beans, and yam, among others, have continued to rise in price, despite the Bola Tinubu government claiming otherwise.

Special adviser to Mr Tinubu on policy communications, Daniel Bwala, had during an episode of “The Morning Show” said, “The current food inflation has gone down because food prices are going down. The general inflation of the last month was far better than the previous month.”

However, a survey conducted by Peoples Gazette at the Ile-Epo market in Lagos State on Sunday revealed that Mr Bwala’s claim was misleading.

The survey showed that although beans retained its price of N140,000, a bag of rice is now N102,000, up from N80,000. White garri costs N46,000, up from N41,000, while yellow garri now sells for N39,000, an increase from N36,000.

A trader at the market, simply identified as Dike, said the dollar has been the problem. He urged the federal government to come up with a final solution to the continuous hike.

“You don’t know how much it is to import goods? What about noting the levies and illegal levies? Our own is to make profit. We don’t set up a business with the intention of it running at a loss. If levies are increased, we will also increase the price of the commodity to recoup the money lost from it, just in case,” he said.

“We have to increase prices of goods to get our money back. It’s a difficult situation. The way customers price our market makes us speechless, but if we don’t sell, then the products will spoil,” another trader said.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

suspected phone thieves

States

Niger: Police rescue two suspected phone thieves from mob

He identified the suspects as Hassan Abdullahi, 20, and Khalifa Bashir, 22. 

COURT OF APPEAL

Heading 5

Court of Appeal nullifies Electoral Act provisions on parties’ primary election, membership register

Zenith Party argued that the disputed Electoral Act provisions unlawfully interfered with the internal affairs of political parties. 

Babajide Sanwo-Olu

Lagos

Governor Sanwo-Olu inaugurates climate investment fund

Mr Sanwo-Olu described the fund as a landmark intervention. 

Kano-Daura rail project

NationWide

NRC reaffirms police partnership to protect rail assets

Mr Opeifa described the nation’s railway infrastructure as critical national assets that must be safeguarded.