Food Prices Drop Sharply — President Said

The Presidency has announced a significant reduction in food prices across Nigeria, describing the trend as a clear indicator of President Bola Ahmed Tinubu’s successful economic reforms.

Special Adviser to the President on Media and Public Communication, Sunday Dare, revealed 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, prices of key food commodities have seen remarkable declines between February and September 2025, reflecting the positive outcomes of government efforts to stabilise the economy and boost local food production.

Data from the Office of the Special Adviser shows that a bag of dry onions, which sold for ₦202,500 in February, now costs ₦25,000. Similarly, a 50kg bag of local rice dropped from ₦95,000 to ₦40,000, while imported rice declined from ₦106,000 to ₦70,000.

Other staples have also recorded steep price reductions:

Maize (100kg): ₦90,000 → ₦30,000

Brown beans (100kg): ₦210,000 → ₦50,000

Tomatoes (big basket): ₦130,000 → ₦25,000

Palm oil (25 litres): ₦35,000 → ₦28,000

Yam (medium tuber): ₦4,125 → ₦3,600

The Presidency said the downward trend demonstrates the effectiveness of ongoing agricultural and economic reforms, crediting better harvests, improved logistics, and increased support for local farmers for the progress.

It further noted that major staples have seen price reductions ranging between 45 and 52 percent nationwide, resulting in enhanced food affordability, reduced inflationary pressure, and improved purchasing power for Nigerians.

“The decline in food prices is not merely a market fluctuation,” the statement added, “but solid evidence that President Bola Ahmed Tinubu’s economic reforms are producing measurable results — restoring stability, strengthening local production, and putting Nigeria on the path to sustainable growth and prosperity.”