Lagos food prices: Maize, ogbono and garri record sharp increases in October
AI Executive Briefing
Verified Synthesis~102s readFood prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate. The average price of a big basket fell from N45,000 in September to N35,000 in October, representing a 22.22% decrease, while Oval-shaped tomatoes fell from N80,000 to N70,000 per big basket, a 12.50% decline.
Context & Background
- ✦The average price of a carton of chicken lap rose from N48,000 to N55,000, representing a 14.58% increase.
Key Figures & Named Entities
2026:Food prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate.12 Market:Dangote companies pay N104.74 billion in taxes in 9 monthsWorld Bank warns energy costs could drive food prices 7% higher in 2027FG begins N50,000 monthly cash relief for vulnerable Nigerian households What the traders are saying Mrs. Kemi Adewale, a tomato wholesaler at Mile 12 Market, said the sharp decline in tomato prices was driven by increased supplies from major farming belts across northern and central Nigeria.12 Market:That has reduced immediate supply and pushed prices higher.” Alhaji Ibrahim Yusuf, an onion trader at Mile 12 Market, said: “Supply was not as plenty as what we saw a few months ago.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Food prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate.
- The average price of a big basket fell from N45,000 in September to N35,000 in October, representing a 22.22% decrease, while Oval-shaped tomatoes fell from N80,000 to N70,000 per big basket, a 12.50% decline.
- The average price of a carton of chicken lap rose from N48,000 to N55,000, representing a 14.58% increase.
Key Facts:2026: Food prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate.12 Market: Dangote companies pay N104.74 billion in taxes in 9 monthsWorld Bank warns energy costs could drive food prices 7% higher in 2027FG begins N50,000 monthly cash relief for vulnerable Nigerian households What the traders are saying Mrs. Kemi Adewale, a tomato wholesaler at Mile 12 Market, said the sharp decline in tomato prices was driven by increased supplies from major farming belts across northern and central Nigeria.12 Market: That has reduced immediate supply and pushed prices higher.” Alhaji Ibrahim Yusuf, an onion trader at Mile 12 Market, said: “Supply was not as plenty as what we saw a few months ago.37.5%: A 50kg bag of both yellow and white maize climbed from N40,000 in September to N55,000 in October, representing a 37.5% month-on-month increase.
Editorial Excerpt
Food prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate.
Frequently Asked Questions About This Story
What is the latest development regarding Lagos State?
Food prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Lagos State, Aliko Dangote.
What timeline or key figures were confirmed?
Food prices across major Lagos markets recorded a reversal in October 2026, with more staples posting price increase than declines, despite a month-on-month fall in Nigeria’s national food inflation rate.
