The National Bureau of Statistics (NBS) has revealed alarming food price increases in October 2024, with brown beans experiencing the most dramatic surge of 254.23% compared to the previous year.

According to the NBS Selected Food Prices Watch report, key food items saw significant price hikes:

- Brown beans: Increased from N790.01 to N2,798.50 per kg

- Eggs: Rose from N1,112.22 to N2,671.60 for 12 medium-sized agricultural eggs

- Sliced bread: Jumped from N760.82 to N1,550.24

- Local rice: Climbed from N819.42 to N1,944.64 per kg

- Boneless beef: Escalated from N2,948.03 to N5,858.58 per kg

Regional variations were notable, with Bauchi recording the highest brown beans price at N3,750.00 per kg, while Yobe had the lowest at N1,749.52. Niger state saw the highest egg prices at N3,450.00 for 12 pieces, and Rivers state had the most expensive sliced bread at N1,867.14.

In July, the federal government attempted to address rising food prices by implementing a 150-day duty-free import window for food commodities like maize, cowpeas, wheat, and brown rice.

Experts continue to recommend more sustainable solutions, including addressing insecurity, managing foreign exchange rates, and reducing transportation costs to stabilize food prices and ensure food security.​​​​​​​​​​​​​​​​