Nigerian consumers are now enjoying a significant drop in the price of beans, as a result of abundant harvests recorded in key farming regions across the country.
Reports from various agricultural markets indicate that a 100kg bag of beans, which previously sold for between ₦120,000 and ₦130,000, is now being sold for as low as ₦80,000. This price drop marks one of the most noticeable reliefs in recent food pricing trends amid broader inflation concerns.
According to agricultural stakeholders, the drop is largely attributed to favourable weather conditions, improved seed varieties, and increased government and private sector support to farmers during the last planting season.
Farmers in northern states such as Borno, Niger, Zamfara, and Kaduna have reportedly experienced bumper harvests this year, leading to an oversupply in local markets and subsequently driving down prices.
Traders at the Mile 12 Market in Lagos and Dawanau Market in Kano, two of the nation’s largest food hubs, confirmed the development, noting that the increase in supply has outpaced current demand, further aiding price reductions.
Aminu Ibrahim, a trader in Dawanau, said, “The market is well stocked now. Farmers brought in more beans than we anticipated this season. That’s why the price has come down. It’s a good time for buyers.”
Agricultural experts have described the development as a positive sign for food security in Nigeria, even as they call for proper storage facilities and pricing mechanisms to prevent post-harvest losses and ensure farmers still earn fair value.
Consumers across the country have welcomed the news, expressing relief at the more affordable staple, which is a major source of protein in Nigerian households.
Analysts, however, caution that unless sustained through better logistics, price monitoring, and continued support for farmers, the gains from this harvest season may not be long-lasting.