Groundnuts are one of the common local snacks in Nigeria. You can eat them boiled, fried, or roasted, it all depends on your preference. Aside from being eaten as snacks, they are also raw materials for different local delicacies such as groundnut soup. Lest we forget, groundnut is the chief ingredient for making groundnut oil.
Once upon a time, groundnuts were among the chief export products from Nigeria. With all of this in mind, one begins to wonder how much groundnut costs in Nigeria today. Just like most food products in Nigeria today, several factors affect the prices of groundnut. From location to season, vendors to prevailing market factors. In this post, we will tell you about the current prices of groundnut along with other pieces of information.
Prices of Groundnuts in Nigeria
- 50kg bag of groundnuts == From N62,000
- 100kg bag of groundnuts == From N124,000
- 1 ton of groundnuts == From N1,240,000
PRICES LAST UPDATED: MARCH 11, 2024.
NOTE: These are prices obtainable in Kaduna state, which is one of the largest groundnut-producing states in the country.
Note that these prices may change depending on several factors. We have listed most of these factors above.
Groundnuts are mostly cultivated in the Northern part of Nigeria. In those days, we used to have gigantic groundnut pyramids in Kano State. Today, we have groundnut cultivation by peasant farmers in different parts of the North.
This product is moved from the Northern States to the Southern part of the country. As a result, groundnut is costlier in the South than in the North. This is mostly because of the transportation costs and the rigors of moving the groundnut down South.
If you just want to purchase groundnut for consumption purposes, then you can buy it from your local market. However, if you would like to start a groundnut-related business, you need to purchase from the major groundnut markets. There are several major groundnut markets scattered around Nigeria.
Where to Purchase Groundnuts in Bulk in Nigeria
As we have stated above, groundnut is mostly cultivated in the Northern part of Nigeria. What this implies is that if you want to purchase groundnut in bulk, the wise thing to do is to visit Northern markets. There is a small challenge here, not every market in the North sells groundnuts at the same price. From the list of prices above, you will notice that you can get groundnuts at cheaper prices.
Here is a list of the cheapest locations to purchase groundnuts in bulk in the North:
- Kano State.
- Jigawa State.
- Kaduna State.
- Sokoto State.
- Zamfara State.
- Kebbi State.
These States have the highest groundnut production rate in Nigeria. If you cannot get to these locations, you can purchase your groundnut in bulk from:
- Kogi State
- Niger State
- Kwara State
- Nassarawa State
- Taraba State
- Plateau State
- Benue State
- FCT Abuja
Purchasing from any of these locations means that you need the groundnut for wholesale purposes or production purposes. We advise that if you want to go into retail, you should patronize the vendors in your local market.
Health Benefits of Groundnuts
In rounding up this post, we will discuss the health benefits of groundnuts. Do you know that groundnuts are very healthy for the human body? Here are a few benefits you enjoy from consuming groundnuts.
Rich in antioxidants
Studies have shown that groundnut skins contain phenols, a type of antioxidant. Phenols help to protect your skin cells from free radicals and their harmful effects. Most skincare companies add groundnut skin to their products to help increase their phenol content. So, by eating groundnuts, you might be giving your skin an extra layer of protection.
Contain healthy fats
Many people are scared of fats because of the high cholesterol that can block the arteries and cause heart complications. Thankfully, groundnuts contain healthy fats that produce opposing results. The fats in groundnuts help to keep your heart healthy and even lower blood cholesterol levels.
Healthy source of proteins
Looking for a healthy source of proteins? Groundnuts tick this box perfectly. Proteins are one of the major components of a balanced diet. While our body synthesizes some of these proteins, it needs external help. One way to meet our body’s protein needs is by eating groundnuts. Groundnuts provide your body with healthy plant proteins, which is perfect for vegetarians.
Weight loss
Have you been trying to lose weight for a while to no avail? You should consider adding groundnuts to your meals. Yes, they contain a lot of calories. However, they are also rich in proteins and fiber, two key factors that prolong satiety. What this implies is that eating groundnuts gives you the feeling of being full for longer periods. The less food you consume, the better it is for your weight loss journey.
