As of May 2024, the average price in Nigeria for a unit of frozen chicken added up to slightly over 4,829 Nigerian naira (NGN), which equaled 3.2 U.S. dollars. One kilogram of boneless beef cost 4,712 NGN (3.14 U.S dollars), whereas one piece of medium-sized chicken eggs reached nearly 151 NGN (10 cents).

This dataset contains Food Prices data for Nigeria, sourced from the World Food Programme Price Database. The World Food Programme Price Database covers foods such as maize, rice, beans, fish, and sugar for 98 countries and some 3000 markets. It is updated weekly but contains to a large extent monthly data. The data goes back as far as 1992 for a few countries, although many countries started reporting from 2003 or thereafter.

Nigeria: Food price index, world average = 100: The latest value from 2021 is 101.71 index points, an increase from 84.436 index points in 2017. In comparison, the world average is 105.854 index points, based on data from 165 countries. Historically, the average for Nigeria from 2017 to 2021 is 93.073 index points. The minimum value, 84.436 index points, was reached in 2017 while the maximum of 101.71 index points was recorded in 2021.

In September 2023, the Consumer Index Price of food in Nigeria stood at 737.3, increasing from the previous year. Consumer price index is a measure that examines the changes in the purchasing power of a currency. It measures changes in the price level of the market basket of consumer goods and services purchased by households. The movement of the Consumer Price Index is the main measure for inflation rate.

In April 2024, food prices in Nigeria increased considerably compared to April of the preceding year. Prices of sweet potato, plantain (unripe), and broken rice (ofada) increased the most. In particular, the price of a kilogram of unripe plantain grew by over 168 percent compared to the previous year, while the price of a tuber of yam rose by about 154 percent. Overall, none of the selected foods recorded a price decrease.

As of January 2021, the greatest majority of Nigerian households reported experiencing an increase in the prices of essential food items, as over 87 percent of households said the prices of beans, cassava, yam, and sorghum shot higher since January 2020. Moreover, 79 percent of respondents said that the prices of rice increased over the same timespan and 74 percent found onion more expensive than it used to be.

Food Prices for Nigeria.

Contains data from the FAOSTAT bulk data service covering the following categories: Consumer Price Indices, Deflators, Exchange rates, Producer Prices

Food prices in Nigeria are increasing due to steady inflation and vary from state to state. In Niger State, one kilogram of local rice, sold loose, costed roughly 732.3 Naira (around 0.58 U.S. dollars) in ِAugust 2023. One kilogram of yam tuber, on the other hand, reached about 785 naira, about 0.62 U.S. dollars, while brown beans, sold loose, costed 581.6 Naira per kilogram, some 0.46 U.S. dollars.

In March 2024, the average baby food import price amounted to $12,391 per ton, falling by -3.5% against the previous month.

The Nigerien canned food market totaled $15.1B in 2024, remaining relatively unchanged against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -0.8% against 2022 indices.

In March 2024, the average canned food import price amounted to $6,607 per ton, with an increase of 48% against the previous month.

Nigeria: Housing and utilities price index, world average = 100: The latest value from 2021 is 51.54 index points, a decline from 51.963 index points in 2017. In comparison, the world average is 77.639 index points, based on data from 165 countries. Historically, the average for Nigeria from 2017 to 2021 is 51.752 index points. The minimum value, 51.54 index points, was reached in 2021 while the maximum of 51.963 index points was recorded in 2017.

Data obtained from the National Bureau of Statistics in Abuja, Nigeria on monthly prices for select markets in Kebbi State, Nigeria for January 2000 to December 2016.

The price per unit in the 'Fish & Seafood' segment of the food market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 12.9 U.S. dollars (+50.45 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 38.43 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Fish & Seafood' segment of the food market was continuously increasing over the past years.Find further information concerning the price per unit in the 'Chocolate Confectionery' segment of the food market in Brazil and the average revenue per capita in the 'Ready-to-Eat Meals' segment of the food market in Israel. The Statista Market Insights cover a broad range of additional markets.

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Nigeria GDP: Market Prices: Compensation of Employees data was reported at 29,944,058.561 NGN mn in 2017. This records an increase from the previous number of 25,813,374.354 NGN mn for 2016. Nigeria GDP: Market Prices: Compensation of Employees data is updated yearly, averaging 1,738,996.040 NGN mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 29,944,058.561 NGN mn in 2017 and a record low of 120,851.386 NGN mn in 1981. Nigeria GDP: Market Prices: Compensation of Employees data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.A014: GDP: by Income: Current Price: Annual.

In 2017, imports of non-domestic equipment for cooking or heating food in Nigeria amounted to X units, stabilizing at the previous year. In general, imports of non-domestic equipment for cooking or heating food continue to indicate a precipitous drop. The pace of growth appeared the most rapid in 2015, when it surged by X% year-to-year.

GDP Constant Prices in Nigeria increased to 20115766.93 NGN Million in the third quarter of 2024 from 18285019.24 NGN Million in the second quarter of 2024. This dataset provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Prices in Nigeria are increasing due to steady inflation and food products are particularly impacted. Food items have different prices across the states. In Delta State, one kilogram of white garri, sold loose, costed 506 Naira, around 0.41 U.S. dollar, in August 2023. One kilogram of boneless beef reached 2,316 Naira, 1.86 U.S. dollars, while one bottle of palm oil costed 1,170 Naira per liter, roughly 0.94 U.S. dollars.

In 2024, the Nigerien food manufacture machinery market was finally on the rise to reach $37M after four years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Food manufacture machinery consumption peaked at $106M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.