“Fuel Costs, Poor Supply Push Crayfish Prices To Record Highs In Lagos”
By TINA TOLUTOPE
CRAYFISH traders across Lagos say rising fuel prices and worsening supply challenges are behind the sharp increase in seafood costs, a trend that is squeezing profit margins and discouraging buyers in major markets.
From Asolo and Agric markets in Ikorodu to Oyingbo Market on Lagos Island, traders report that transportation costs, bad roads, and unstable market supply have driven prices to unprecedented levels.
At Asolo Market, trader Peace Olufemi said a paint bucket of crayfish, previously ₦7,000–₦8,000 in September, now sells for ₦11,000. She expects further hikes as the festive and dry seasons approach.
Another trader, Josephine Anyanwu, confirmed the rapid rise, noting that the same quantity climbed from ₦11,000 to ₦12,000 within a week, with December prices possibly hitting ₦15,000.
Major dealer Omolara Ajibola said a bag of “big nylon” crayfish now goes for ₦40,000–₦42,000, leaving her with slimmer profits and inconsistent sales. Similar increases were recorded by trader Nkechi Okafor, who said 10 paint buckets rose from ₦100,000 in August to ₦160,000 currently.
Bulk supplier Okechukwu Miracle, who sources from Osun State, confirmed ongoing market instability, adding that each bag now sells at ₦120,000. At Oyingbo Market, seller Ija BJ said a big basket that sold for ₦180,000 in August now attracts between ₦250,000 and ₦280,000 due to fuel costs and off-season shortages.
Market engineer Michael Popoola explained that fishing boats consume more fuel than vehicles, pushing production costs higher. He added that transporting crayfish from other states has become increasingly expensive.
Retailers also predict more increases. Mummy Blessing, a seller at Oyingbo, said the custard paint measure now costs ₦11,000 and might reach ₦20,000 by December.
Consumers are already adjusting. At Lawanson Market, Surulere, shopper Funke Adesina said she now buys in bulk before prices spike, noting that traders themselves face risks while travelling to restock due to insecurity on major routes.
