The Presidency has announced a sharp decline in food prices across Nigeria, describing the development as a major achievement of President Bola Ahmed Tinubu’s economic reforms.
Special Adviser, Media and Public Communication to the President, Sunday Dare, disclosed this in a statement on Friday titled “Nationwide Food Price Drop — A Testament to President Bola Ahmed Tinubu’s Economic Impact.”
According to the statement, the prices of major food items have dropped significantly between February and September 2025, reflecting the positive impact of government policies aimed at stabilising the economy and boosting local production.
Data released alongside the statement by the Office of the Special Adviser to the President on Media and Public Communications claims that a big bag of dry onions, which sold for ₦202,500 in February 2025, now sells for ₦25,000, while a 50kg bag of local rice has dropped from ₦95,000 to ₦40,000. Similarly, imported rice now sells for ₦70,000, down from ₦106,000 earlier in the year.
Other major staples have also witnessed considerable reductions — maize fell from ₦90,000 to ₦30,000 per 100kg, brown beans from ₦210,000 to ₦50,000 per 100kg, and tomatoes (big basket) from ₦130,000 to ₦25,000. Palm oil (25 litres) also dropped from ₦35,000 to ₦28,000, while yam (medium tuber) now sells for ₦3,600 down from ₦4,125 in February.
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The Presidency stated that the downward trend in food prices demonstrates the effectiveness of ongoing agricultural and economic reforms.
It explained that “the fall in prices reflects better harvests, improved logistics, and greater support for local farmers,” adding that the development has enhanced food affordability, reduced inflationary pressure, and improved the purchasing power of citizens.
The statement noted that major staples have recorded between 45 and 52 percent price reduction nationwide, with stable food supply and improved local production contributing to the trend.
The Presidency added that the progress has also strengthened market confidence, enhanced economic stability, and demonstrated tangible results of government-backed agricultural policies.
“The drop in food prices is more than just a market adjustment — it is proof that the economic direction under President Bola Ahmed Tinubu is yielding measurable results. The reforms are restoring stability, boosting local productivity, and putting Nigeria firmly on the path to sustainable growth and prosperity.”
