Food Prices Fall Again Nationwide as Tinubunomics Gains Momentum

Nigeria is witnessing another notable drop in food prices this December, marking the second significant decline in three months and signaling what analysts describe as growing traction of the Tinubu administration’s economic reforms popularly dubbed “Tinubunomics.”

A market survey conducted in September 2025 had shown early signs of relief, with staples such as rice, gari, yam, tomatoes, beans, and vegetable oil recording price reductions across major urban and rural markets. At the time, traders attributed the easing of costs to improved supply, better logistics coordination, and stabilisation of the naira.

Three months later, fresh checks across Lagos, Kano, Abuja, Port Harcourt, Enugu, and Kaduna indicate that the downward trend has not only continued but deepened. In Mile 12 Market, Lagos, a 50kg bag of rice which sold for ₦52,000 in August now retails between ₦40,000 and ₦43,000. In Kano’s Dawanau Market, a measure of beans has dropped by nearly 18 percent since October, while major grain dealers say they are receiving more produce “consistently and at lower transport costs.”

Traders and transporters interviewed credit a combination of improved food distribution frameworks, increased security presence on major agricultural routes, and targeted incentives to farmers. “We are seeing fewer disruptions, and trucks now arrive with less damage or loss,” said Abdullahi Shuaibu, a transporter operating between Nasarawa and Abuja.

Consumers, long pressured by high living costs, say the relief is timely. “We suffered early in the year, but this December is different. Prices are dropping every week,” said Mrs. Nkem Ofor, a mother of four shopping in Abuja’s Wuse Market.

READ ALSO: Tinubu Names New Boards for UBEC, BOA, NADF

Economists say the trend aligns with the federal government’s policies to tackle inflation through strategic market interventions, increased food production, and support to smallholder farmers. A senior official at the Federal Ministry of Agriculture noted that expanded dry season farming, fertilizer subsidies, and renewed collaboration with state governments “are finally yielding visible results.”

However, some experts caution that sustaining the momentum will require consistent policy execution, improved energy supply, and long-term support for mechanized farming.

For now, many Nigerians are cautiously optimistic. With festive-season spending underway, lower food prices are bringing rare relief to households. If the present trend continues into 2026, analysts predict that food inflation once the country’s most stubborn economic challenge may finally begin a steady descent.