business
Beans Prices Drop to ₦80,000 per Bag in Nigeria, Offering Relief to Consumers
																								
												
												
											Beans Prices Fall Drastically in Nigeria, Offering Relief to Households and Traders
In a significant turn of events for Nigerian households, the price of cowpea and beans has dropped sharply in 2025, bringing much-needed relief to consumers and traders across the country. A 100kg bag now sells for between ₦80,000 and ₦120,000, down from the staggering ₦210,000 to ₦240,000 recorded just a year ago.
The price slump is being attributed to a bumper harvest, improved weather conditions, increased cultivation, and a better security situation in farming regions.
Bumper Harvest Drives Supply Surge
According to the Cowpea and Beans Farmers, Processors and Marketers Association of Nigeria (C&BFPMAN), farmers witnessed harvests up to ten times higher than previous years. This dramatic increase in output is credited to:
- 
Favourable weather
 - 
Wider adoption of intercropping (beans with corn)
 - 
More farmers planting beans to recover past losses
 
“In the last harvest season, we produced over ten times what we used to. With that level of supply, it’s only natural for prices to come down,” said the association’s president.
Price Drops Across Markets
The impact of the price reduction is evident across key markets:
- 
In Oyingbo Market, Lagos, a paint bucket of beans now sells for ₦6,000 to ₦7,000, down from ₦13,000 to ₦14,000 last year.
 - 
A derica cup, which once cost ₦2,000 to ₦2,500, now sells for just ₦800 to ₦1,000, depending on the variety.
 
Wholesalers and retailers confirm that the supply has improved across the board, with fewer losses due to pests or weather-related issues.
Improved Security Boosts Production
Another key factor is improved security in many farming regions. Farmers who were previously displaced due to insecurity have returned to their lands, allowing for larger-scale cultivation.
“Last year, we struggled with insect attacks and limited access to farms. This year, with better security and support, the harvest was smoother and more productive,” said a trader and Managing Director of Fresh2Home Ltd.
Consumers Welcome Relief
Lagos residents say the new prices are easing household food costs.
“Beans used to be a luxury. Now I can cook it regularly for my family without financial stress,” said one consumer.
A Positive Sign for Food Stability
The falling cost of beans is not only easing inflationary pressures on consumers but also serving as a hopeful indicator of improving food stability in Nigeria. Both farmers and market leaders are optimistic that with sustained government support, improved security, and favourable weather, this positive trend can continue.
business
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business
Discover Life-Changing Digital Products You Can Buy Today on Selar
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That’s why millions of smart people across Africa and beyond are turning to Selar, one of the biggest marketplaces for digital products—from ebooks, online courses, masterclasses, templates, to business blueprints and more.
Why You Need These Digital Products
- Instant Access – No waiting, no shipping. Buy now and start learning or applying immediately.
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business
We are Hiring: Social Media Growth Ambassadors (2 Positions)
														Remote | Part-Time or Flexible Hours
Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!
Role Overview:
We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.
Key Responsibilities:
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Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
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Share daily job updates, business news, and smart money tips from the website
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Drive website traffic using content, trends, reels, and referral links
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Respond to DMs/comments and convert viewers into website visitors
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Provide weekly reports on reach, impressions, and traffic performance
 
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A strong presence on social media (min. 2,500 followers on at least one platform)
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Great communication skills and social media creativity
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Consistency and accountability
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Passion for helping people grow their careers or income
 
What You’ll Get:
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Monthly stipend + performance-based bonus
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Opportunity to grow your personal brand with us
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Free digital training + content materials
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Certificate of Digital Advocacy (upon successful campaign)
 
How to Apply:
Send us a message with:
- 
Your full name
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Link to your active social media profiles
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Short message on why you are the perfect fit
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Screenshot of your past engaging post (if available)
 
Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025
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