Groundnuts, a beloved local snack in Nigeria, can be enjoyed in various forms – boiled, fried, or roasted, catering to different preferences. Beyond being a delightful snack, groundnuts serve as a crucial ingredient in numerous local delicacies, including the famed groundnut soup. Additionally, they are a primary source for extracting groundnut oil. In the past, groundnuts were a cornerstone of Nigeria’s exports, contributing significantly to the nation’s economy.
In this article, we’ll delve into the current prices of groundnuts in Nigeria, shedding light on the factors influencing their fluctuation.
Groundnut Prices in Nigeria
As of October 13, 2022, the prices of groundnuts in Kaduna state, one of the largest groundnut-producing states, are as follows:
- 50kg bag of groundnuts: Starting from N40,000
- 100kg bag of groundnuts: Starting from N80,000
- 1 ton of groundnuts: Starting from N7,800,000
Please bear in mind that these prices are subject to change based on various factors, such as location, season, vendors, and prevailing market conditions.
The Heart of Groundnut Cultivation
Groundnuts flourish primarily in the Northern regions of Nigeria, where they were once represented by colossal groundnut pyramids in Kano State. Today, they are cultivated by smallholder farmers across various Northern states. To bridge the gap between supply and demand, groundnuts are transported from the North to the South. Consequently, groundnuts are relatively pricier in the South due to transportation costs and logistical challenges.
Where to Purchase Groundnuts in Bulk
For those seeking to buy groundnuts in bulk, visiting Northern markets is advisable, particularly in states known for high groundnut production:
- Kano State
- Jigawa State
- Kaduna State
- Sokoto State
- Zamfara State
- Kebbi State
Additionally, you can source groundnuts from the following states:
- Kogi State
- Niger State
- Kwara State
- Nassarawa State
- Taraba State
- Plateau State
- Benue State
- FCT Abuja
These states also offer competitive prices for bulk purchases, making them viable alternatives for wholesalers and production purposes. However, if you’re looking to buy for personal consumption or retail, local markets in your area are the most convenient option.
Health Benefits of Groundnuts
Incorporating groundnuts into your diet offers a range of health benefits:
- Rich in antioxidants: Groundnut skins contain phenols, a potent antioxidant that shields skin cells from free radicals, providing an extra layer of protection.
- Contain healthy fats: Groundnuts boast healthy fats that promote heart health and lower cholesterol levels, countering common misconceptions about fat consumption.
- Healthy source of proteins: Groundnuts are a valuable plant-based protein source, essential for a balanced diet, particularly for vegetarians.
- Aids in weight loss: Despite being calorie-dense, groundnuts are rich in proteins and fiber, promoting satiety and aiding in weight management.
Conclusion
Groundnuts, a versatile and nutritious food staple in Nigeria, offer a myriad of benefits beyond their delightful taste. Understanding the factors influencing their pricing and knowing where to source them in bulk can be advantageous for both personal consumption and business ventures. Embracing the health benefits of groundnuts further underscores their significance in the Nigerian culinary landscape.
