Tinubu’s Reforms Delivers First Fruits of Food Revolution As Beans Crash.
By Dr. G. Fraser. MFR.
The National Patriots.
Headlinenews.News Investigative Desk
July 2, 2025
In a rare but welcome reversal of inflationary trends, the price of beans—a staple food consumed daily by millions of Nigerians—has plunged by over 100% across major markets. This comes on the heels of a record-breaking harvest season, bolstered by targeted agricultural reforms initiated under President Bola Ahmed Tinubu’s administration.
The collapse in bean prices from a staggering ₦240,000 per 100kg bag in mid-2024 to as low as ₦80,000 by June 2025 is being hailed as a potential turning point in Nigeria’s battle against food insecurity and rising cost of living. More importantly, it signals the early success of a focused food security policy—one that prioritizes increased local production, input support, and security for farmers.
Amid economic pressure and inflation, Nigeria remarkably remains one of the cheapest places in the world to buy a meal. Experts believe that if this momentum is sustained across other food staples like rice, maize, and yam, the country could witness the emergence of a truly resilient, homegrown food economy, ushering in an era of affordability and self-sufficiency.
Main Report: Beans Crash, Hope Rises
Record Price Drop
In just over six months, the market price for beans—especially honey and brown varieties—has crashed from an average of ₦210,000–₦240,000 per 100kg bag to between ₦80,000–₦130,000 in major urban markets like Lagos, Abuja, and Kano. In some regions, prices dropped even further to ₦60,000 per bag, representing a 150% price correction.
Farmers and market traders attribute the development to a combination of expanded farm access, improved intercropping techniques (particularly with maize), favorable rainfall, and the federal government’s agricultural input support programs.
Historical Context: From Food Crisis to Surplus
Nigeria’s agricultural system has historically suffered from poor mechanization, insecurity, and erratic government policies. In 2022–2023, food inflation surged above 35% year-on-year, making staple meals unaffordable for low-income families. Prices of common household foods—rice, beans, tomatoes, and onions—skyrocketed beyond reach, sparking protests and policy panic.
In response, the Tinubu administration launched a raft of interventions:
- Support for dry season farming with Eden Systems and Eden Agropolis Project.
- Fertilizer and seedling distribution
- Land clearing programs
- Credit access for smallholder farmers
- Security deployment to restore access to previously abandoned farmlands
The current bean boom is the first visible success of these reforms.
Market Impact & Outlook
Metric Mid-2024 June 2025 % Change
Beans (100kg bag) ₦240,000 ₦80,000 -66%
Beans (1 bucket) ₦14,000 ₦6,000 -57%
Beans (1 cup) ₦2,500 ₦1,000 -60%
Consumers across the country report relief. Vendors confirm increased turnover as affordability drives up demand. Analysts now predict that similar drops could soon occur in rice, cassava, and yam prices if production scales. However, the FG has been advised to urgently adopt the Eden Systems and Agropolis Project to ensure the sustainable development of food security in Nigeria all year round.
Nigeria: Still the World’s Cheapest Place to Buy Lunch
Despite macroeconomic challenges, Nigeria remains among the most affordable countries in the world to buy a meal. The average cost of a simple lunch at an inexpensive restaurant hovers around US $2, well below the global average of $9.10, according to Numbeo and World Bank data. This affordability, if sustained, could become a competitive advantage in attracting agribusiness investment and agro-tourism.
Quotes & Commentary
> “Food security is not just about feeding people—it’s about liberating them.”
— Dr. G. Fraser, MFR, National Patriots
> “No nation that fails to grow what it eats can claim true independence.”
— Ngozi Okonjo-Iweala, WTO Director-General
> “Africa’s green revolution will happen when we value our land as much as we value foreign loans.”
— President Paul Kagame, Rwanda
> “To lift a nation out of poverty, you begin by lowering the cost of food.”
— Amina J. Mohammed, Deputy Secretary-General, United Nations
> “You don’t measure the wealth of a nation by its exports, but by how well it feeds its poorest citizen.”
— Dr. G. Fraser, MFR
Conclusion: A Silent Agricultural Revolution
The crash in bean prices is not just a market correction; it is a reflection of what happens when leadership aligns with productivity. If sustained and expanded, the Tinubu administration’s food security blueprint could trigger a broader collapse in food prices, reduce dependency on imports, lower inflation, and ultimately drive national prosperity.
Nigeria, a land long plagued by food inflation, is now emerging as a model of agricultural revival. The soil is speaking—loudly—and it says, The harvest has begun.
Dr. G. Fraser. MFR
The National Patriots.
