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Lekki-Jakande's Beans Advantage: ₦128,000 a Bag Holds ₦6,667 Under Ajah in June

Beans Cost of Living Data Grains Lagos Markets Nigeria
Lekki-Jakande's Beans Advantage: ₦128,000 a Bag Holds ₦6,667 Under Ajah in June

 The week of June 1 is the most recent verified capture at Lekki-Jakande Market, and on beans it positions the market as the cheaper of the two big eastern-corridor markets for the heavy bags. A 50kg bag of drum beans was recorded at ₦128,333 and white beans at ₦108,333, with oloyin at ₦73,333.

Against Its Own Recent Prices

Drum and white beans had no earlier bag reading here, so the June bag figures are first captures. The retail measures did move and can be tracked. A paint bucket of drum beans rose to ₦5,333 from ₦4,000 in the week of January 26, up 33.3%, and a paint of white beans to ₦5,000 from ₦4,000, up 25.0%. Oloyin was the grade that eased, its 50kg bag slipping to ₦73,333 from ₦77,000 in the week of March 16, down 4.8%, even as its paint bucket firmed to ₦6,000, up 9.1%.

Against Ajah, the Same Week

Lekki-Jakande is the cheaper market on the two heaviest beans. A 50kg bag of drum beans was ₦6,667 less than at Ajah Market, and a 50kg bag of white beans was ₦11,667 less. Oloyin alone ran dearer here, by ₦3,333 on the 50kg bag. The advantage flips at retail, where a paint of drum beans was ₦333 more here than at Ajah, so the saving at Lekki-Jakande is a bulk-buyer's saving.

Against the Rest of Lagos

When other markets were last captured in March and April, a 50kg bag of drum beans sat between ₦60,000 and ₦65,000 at Agege, Oshodi, Ipaja, Iyana Ipaja and Ayobo, with white beans at ₦50,000 to ₦67,500. Lekki-Jakande's June bags are close to double those earlier figures, a gap driven by the months elapsed and the grades now arriving.

The Bigger Picture

Beans sit among the staples the NBS flagged as moving its food index through April 2026, when year-on-year food inflation eased to 16.06% even as month-on-month prices kept rising. The longer driver, a naira-led export pull and tighter domestic supply, continues to lift Nigerian beans across seasons. Live prices: Lekki-Jakande Market. Compare directly on the compare tool.

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