Lagos Food Market Sees Relief in January 2026 with Decline in Prices

The January 2026 Lagos food market survey conducted by Nairametrics reveals a welcome relief in food prices compared to December 2025. The market saw a broad-based decline in food prices, indicating a post-festive correction across major markets.

While 68 food items tracked recorded price drops, some items like perishables, pepper, tomato, and fish still put pressure on household budgets. Factors such as logistics, energy costs, and import links continue to influence prices.

Notable increases were observed in 15 food items, attributed to rising costs in transportation, packaging, and seasonal demand. Despite the overall easing of inflation, structural cost drivers like diesel prices and import dependencies limit the extent of price reductions.