Food prices in Lagos surged in March 2026, with many items witnessing a sharp increase in prices. According to a market survey conducted by Nairametrics, 68 food items were tracked in major markets across the city, including Mushin, Daleko, Mile 12, and Oyingbo. The survey revealed that 43 food items became more expensive in March, up from 23 in February.
The rise in fuel prices was the primary cause of the increase in food prices. Petrol prices jumped from ₦875 to ₦960 per litre, while Dangote Refinery also raised its prices. Higher global oil prices, linked to the Middle East conflict, contributed to this increase. As Lagos relies heavily on food from other parts of the country, transport costs have a significant impact on food prices.
Some of the biggest price increases were seen in pepper, tomatoes, and beans. The price of a medium bag of pepper rose from ₦32,000 to ₦80,000, while a big bag of pepper increased from ₦58,000 to ₦140,000. Tomatoes also witnessed significant price hikes, with a big basket increasing from ₦40,000 to ₦60,000 and an oval basket rising from ₦25,000 to ₦35,000.
On the other hand, some items like flour, semovita, and certain rice brands dropped in price, although the reductions were smaller compared to the large increases in other foods. Traders, buyers, and transporters all agree that higher fuel prices are the main reason for the increase in food prices.
The rising cost of fuel is pushing up food prices in Lagos, affecting both traders and consumers. As the city continues to rely on food from other regions, transport costs will remain a significant factor in determining food prices.
The Lagos government must address the rising fuel prices, which are having a devastating impact on food prices in the city. The sharp increase in prices of essential items like pepper, tomatoes, and beans will have a ripple effect on the economy, affecting everyday Nigerians who are already struggling to make ends meet. The fact that transport costs are a major factor in determining food prices highlights the need for a more efficient transportation system that can reduce costs and make food more affordable for citizens. The government must take concrete steps to mitigate the impact of rising fuel prices on food prices, or risk exacerbating the economic hardship faced by Lagos residents.
