Beans have become steadily more expensive at Lekki-Jakande Market over the first half of 2026. A 50kg bag of Oloyin beans sold for N55,000 in the week of January 26, climbed to N77,000 by February 16 and held at that level through March 16, before easing slightly to N73,333 by the week of June 1. Measured from January to June that is a rise of 33.3%, and even after the small June pullback the bag sits near the top of its range for the year.
The smaller measures rose more modestly. A paint bucket of Oloyin held at N5,500 from January through March and lifted to N6,000 by June, while a derica moved from N1,200 to N1,367. White beans followed a similar shape, with a paint bucket steady at N4,000 through March before rising to N5,000 in June, a 25.0% jump in that final step.
The Lekki-Jakande move mirrors the national beans picture. The National Bureau of Statistics reported food inflation climbing back above the headline rate to 16.06% year on year in April 2026, with beans among the named drivers, while Nairametrics noted that food prices had accelerated far faster than the broader basket through the first four months of the year. A bag of beans that has climbed by a third since January is exactly the kind of staple pressure those figures describe.
Live readings sit on the Lekki-Jakande Market real-time prices page, and buyers can track beans by measure on the price check tool.