The Cowpea and Beans Farmers, Processors and Marketers Association of Nigeria (C&BFPMAN) has attributed the significant drop in beans prices across the country to record-high harvest yields and improved farming practices.
Speaking in separate interviews on Sunday in Lagos, the President of C&BFPMAN and several market traders outlined the factors behind the dramatic price drop.
During the second and third quarters of 2024, the price of beans surged to between N210,000 and N240,000 per 100kg bag—up from about N90,000 in 2023. However, prices began to decline steadily in the first quarter of 2025, with a 100kg bag now selling between N80,000 and N120,000, depending on the species.
Mr. Kabir Shuaibu, President of C&BFPMAN, explained that increased harvests were the primary reason for the price decline.
“We’re pleased that the prices of beans and cowpeas have dropped significantly since the last harvest. We recorded over ten times the usual yield,” Shuaibu said. “The main reason is simple—more beans in the market means lower prices.”
He noted that the price hike in 2024 was a result of poor yields due to flooding and other challenges. “Some farmers expected 10,000 bags per hectare but could barely harvest a fraction of that. Last year was one of the worst in a decade,” he added.
Shuaibu further stated that this year, yields have tripled on average. “Farmers were more strategic. While cultivating corn, they also intercropped with beans and cowpeas, increasing overall yield.”
“Currently, a 100kg bag of beans up North sells for between N80,000 and N120,000, compared to N210,000–N240,000 this time last year,” he noted. “We hope this upward trend in yield continues—it benefits both farmers and consumers.”
Mrs. Esther Umeileka, Managing Director of Fresh2Home Ltd. in Lagos, confirmed the positive impact of reduced pest infestations and improved adaptation to government policies.
“Last year, we dealt with severe weevil infestations. This year, we have abundant, healthier produce, which has brought down prices,” she said.
At Oyingbo Market, trader Mrs. Zainab Ahmed shared how the price drop has revived consumer interest.
“Last year, many customers couldn’t afford beans. Now, they’re buying again. A paint bucket of beans now sells for N6,000–N7,000, compared to N13,000–N14,000 last year,” she said.
Consumers, too, are welcoming the price relief. Mrs. Tonia Sanwo described beans as a household staple.
“Last year, a derica cup cost between N2,000 and N2,500. Now, it’s between N800 and N1,000, depending on the variety. We’re so relieved.”
Mrs. Favour Braye, a civil servant, also linked the drop to improved security and easier access to farms.
“Previously, insecurity made farming difficult, leading to low yields. With better access this year, farmers produced more, and the prices dropped. It’s a win for everyone,” Braye concluded.
