Latest Price Of Bag Of Beans In Nigeria (April 2024)

Nigerians love beans because they are highly proteinous and nutritious, affordable (at least before), can be used in many ways, and have good nutritional value. Knowing the latest price of a bag of beans in Nigeria is important so you can plan your shopping budget.

As a result of the hyperinflation the country is witnessing, the price of beans keeps going up and has hit above N100,000 per 100 kg bag.

I went to the market recently to buy beans and was shocked when I was told the price. I did not buy anymore, thinking I could survive without eating beans. Unfortunately, I couldn’t.

Beans are one crop you cannot do without. You can eat them boiled, mashed into akara or moimoi, or stewed in a tasty gbegiri soup.

In this post, we will discuss the most recent bean prices in Nigeria for April 2024, what affects the prices, where to get them, and how to get them at a relatively lower price.

April 2024 Price Ranges for Beans in Nigeria

The table below gives the prices of different kgs of bags of beans.

Bean Type	Weight	Price Range
White Beans	25kg	₦22,750 – ₦25,000
White Beans	50kg	₦47,500 – ₦50,000
White Beans	100kg	₦75,000 – ₦80,000
Brown Beans	25kg	₦25,500 – ₦30,000
Brown Beans	50kg	₦55,000 – ₦60,000
Brown Beans	100kg	₦100,000 – ₦120,000
Honey Beans	50kg	₦70,000 – ₦75,000
Soya Beans	10kg	₦6,000 – ₦8,000
Soya Beans	25kg	₦12,000 – ₦15,000
Soya Beans	50kg	₦25,000 – ₦30,000
Soya Beans	100kg	₦50,000 – ₦60,000

What Is The Difference Between Oloyin And Olotu Beans?

In Nigerian food, both oloyin and olotu beans are well-known, but there are some important differences between them:

Taste: Oloyin beans, also called honey beans, have a sweet taste. The taste of olotu beans is more neutral or earthy.

Color: Most oloyin beans are a lighter brown or cream color. The color of olotu beans is darker brown.

Time to cook: It takes longer for olotu beans to cook than oloyin beans.

Use: Because they are sweet, oloyin beans are sometimes better for making akara (fritters) or moi-moi (steamed bean pudding). Olotu beans can also be used in these recipes, but their neutral taste makes them better for savory bean stews.

Beans Measurement

To help customers locate the best discounts on beans, we present an overview of typical pricing and advice on where and how to purchase beans at competitive prices.

Numerous households and small businesses typically purchase a bag of beans that weighs 25 kilograms, which has 16 mudu.

It is also possible to purchase 50-kilogram bags containing 33 mudu and 100-kilogram bags containing 66 mudu.

A mudu weighs around 1.5 kilograms. These bags are available for individuals who require larger quantities.

Factors Affecting Bean Prices in Nigeria

In Nigeria, the price of beans is affected by several factors. The following are some important ones to take into consideration:

Bean Type: The price is heavily impacted by the type of bean being purchased. In general, honey beans are more expensive than brown beans becauseof their sweetness and the shorter preparation time required. Generally speaking, white beans are somewhere in the middle.

Seasonality: The price of beans can change depending on the season, which is a seasonal phenomenon.

When there is less supply during the off-season, prices are typically higher than during the season.

Location: Prices may differ from one part of Nigeria to another, and costs may be slightly exaggerated in regions with higher demand or lower production.

Quantity: Additionally, the amount of beans that you buy is a factor that should be considered. Instead of purchasing smaller quantities, purchasing beans in larger bags (usually 50 or 100 kilograms) typically results in a lower price per kilogram.

Where to Find the Best Dealers of Beans in Nigeria

Due to the northern regions of Nigeria’s proximity to where beans are grown, the cost of beans is often lower in these regions.

Local marketplaces such as Mile 12 Market in Lagos, Bodija Market in Ibadan, and Kofar Wambai Market in Kano are ideal places to start if you are interested in buying at cheaper prices.

The prices at these markets are among the most competitive in the sector, and they offer a diverse assortment of beans. However, to get the greatest possible deal, it is good to compare rates offered by other sellers.

Another method for reducing rates is purchasing large quantities directly from wholesalers or farmers.

One of the most effective ways to implement this strategy is to travel to rural areas where beans are cultivated or to create connections with wholesalers who supply shops.

Purchasing in larger quantities typically results in significant cost savings compared to buying in smaller quantities.

FAQs- Most Recent Price of Bag of Beans in Nigeria

How much is 100kg bag of beans in Nigeria?

Depending on the type of beans, a 100 kg bag of brown beans is sold from N100,000 to N120,000

Is beans business profitable in Nigeria?

Yes, beans business is profitable in Nigeria because the demand is very high.

Where is beans grown in Nigeria?

Nigeria doesn’t just grow beans in one place; they grow them almost everywhere. However, some states are known to produce more:

Northern Nigeria: This is where Nigerians have grown beans for a long time. It comes from states like Borno, Kano, Sokoto, Yobe, and Zamfara. The weather is perfect for growing beans, with mild rain and good soil.

Southern Nigeria: Even though it rains more there, beans can be grown successfully there. States in the southeast and southwest can also get good returns if they know how to farm properly.

What is the best month of the year to plant beans in Nigeria?

For most farmers, May through June is the best time to plant. In Nigeria, this is also the start of the rainy season, which gives the beans the water they need to grow well. If you plant earlier, it might rain too much, damaging the crop.

Which is better, brown or white beans?

Choose brown beans if you want more protein, fiber, and certain minerals in your diet.

When you need more carbs and potassium and a milder taste, choose white beans.

Ultimately, the best way to decide is to try both and see which one you like better for cooking and your taste.