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20 food items with the highest price increases in Nigeria between May 2023 and Dec. 2024
Key Takeaways:
  • The top 20 food items witnessed extreme inflation, surpassing 200%.
  • Onions and yams lead the list with remarkable price hikes of 353% and 317%, respectively.
  • Various types of rice exhibited significant price increases (310% for Ofada rice, 250% for local rice, etc).
  • Basic protein sources such as eggs (207%) and chicken (202%) saw their prices more than double, making them increasingly less affordable.

Cassava and yam were Nigeria’s dominant root crops in global production
In 2022, Nigeria led global production of root crops like yam, cassava, and taro, alongside nuts such as kola and karite, as well as grains like sorghum, with 61.2 million tonnes of yam and 60.8 million tonnes of cassava.

Yams led Nigeria's crop value in 2022 with $25 billion
In 2022, yams topped the list of over 44 agricultural products in Nigeria, with 61.2 million tonnes valued at $25 billion, making Nigeria the leading producer of yam globally. Cassava followed with $8.8 billion, and maize ranked third with $4.5 billion. These crops underscore Nigeria's agricultural strength.

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