Cost of commodities in Nigeria now and before recession

The prices of most commodities have gone through the roof, some doubling from pre-recession valuation

Cost of commodities in Nigeria now and before recession (A)

Air Fare (Economy)

Lagos to USA

Cost before: 350k – 400k

Present cost (average): 600k – 700k

Lagos to London

Cost before: 250k

Present cost (average): 400k

Golf Car

Cost before: 500k – 600k

Present cost (average): 1.3m – 1.5m

Sugar (1 bag)

Cost before: N8,800

Present cost (average): N17,000

Flour (50kg)

Cost before: N8,640

Present cost (average): N10,800

Garri (1 bag)

Cost before: N8,000

Present cost (average): N12,000

Yam flour (1 bag)

Cost before: N40,000

Present cost (average): N60,000

Palm oil (25 litres)

Cost before: N5,000

Present cost (average): N10,000

Vegetable oil (25 litres)

Cost before: N6,500

Present cost (average): N13,000

Beans (1 bag)

Cost before: N18,000

Present cost (average): N27,000

Parboiled rice (1 bag)

Cost before: N10,000

Present cost (average): N20,000

Indomie (carton)

Cost before: N1,400

Present cost (average): N1,900

Crate of eggs

Cost before: N700

Present cost (average): N850

Turkey (1kg)

Cost before: N800

Present cost (average): N1,400

Kerosene (5 litres)

Cost before: N750

Present cost (average): N2,125

Cement

Cost before: N1,500

Present cost (average): N2,300

12.5kg cooking gas

Cost before: N2,400

Present cost (average): N3,700

Wheat (5kg)

Cost before: N900

Present cost (average): N1,500

Semovita (5kg)

Cost before: N900

Present cost (average): N1,500

Bread (loaf)

Cost before: N70

Present cost (average): N100

Tomato paste

Cost before: N40

Present cost (average): N70

Data: Nigerian Tribune

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