What ₦50,000 Bought in 2020 vs. 2026: A Stark Look at Inflation

I crunched the numbers over Easter weekend, and the results are staggering. In 2020, ₦50,000 could cover a 50kg bag of rice, a crate of eggs, petrol, a whole chicken, and bus fares. Today, that same amount doesn’t even buy one bag of rice. Rice prices have jumped from ₦22,000 to ₦85,000. Petrol went from ₦162 to ₦1,245 per litre, and a crate of eggs rose from ₦2,000 to ₦6,000. The naira has lost about 72% of its value against the dollar since 2020. How are you coping? Which costs hit your household budget the hardest?

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.