Abiodun Kosoko has blamed rising fuel prices for surging food costs, warning that transport expenses are squeezing traders and worsening hardship for consumers across Lagos.
Kosoko, Baba Loja General of Agbado Oke-Odo LCDA, spoke during a visit by reporters to Ile Epo Market, describing a sharp disconnect between foot traffic and actual sales.
He said that although markets still attract daily crowds, purchasing power has weakened significantly, leaving traders with unsold goods and diminishing returns.
Kosoko explained that many traders source food items from northern and neighbouring states, where production is higher but transportation to Lagos has become increasingly expensive.
According to him, distance, fuel costs, and multiple levies along supply routes all combine to inflate the final prices paid by consumers in urban markets.
“People come to buy foodstuffs but leave with less than planned. There are turnouts but no turnover,” Kosoko said.
He warned that the trend threatens the sustainability of small-scale traders, many of whom depend on quick sales to avoid losses from perishable goods.
Kosoko urged the Federal Government to intervene through fuel subsidies or targeted transport support to stabilise prices and protect both traders and low-income households.
He noted that a bag of rice, previously sold for ₦50,000, now costs between ₦56,000 and ₦58,000, depending on brand and supply conditions.
“It is affecting us as sellers because some goods spoil if unsold. People now buy in smaller quantities than before,” he added.
Mr Hammed Adekunle, a meat seller, said customers frequently express shock at prices, often accusing traders of profiteering without understanding supply chain realities.
He said bargaining has become more intense, with some customers attempting to reduce ₦5,000 worth of meat purchases to as low as ₦1,000.
“They think I inflate prices, but suppliers keep raising costs beyond my control,” Adekunle said.
He added that rising costs of livestock, feed, and transportation have left meat sellers with little choice but to adjust prices or risk running at a loss.
Mrs Sola Ogunbade, a teacher, said the persistent rise in food prices has forced her to prioritise essential items while dropping others from her shopping list.
“Foodstuffs are expensive. I must stick to my budget even if my list isn’t complete,” she said.
She noted that even staple foods such as rice, beans, and vegetables have become difficult to afford in sufficient quantities for her household.
Mrs Mary Chukwu, a mother of three, said the situation has reduced family meals to basic survival, with little room for nutritional balance or dietary variety.
She explained that her focus is now on ensuring her children do not go hungry, even if meals lack protein, fruits, or other essential nutrients.
Chukwu appealed to government authorities to consider subsidies on fuel and key food items to ease pressure on struggling families.
Mr Funbi Idowu described the Easter period as the hardest his family has experienced, saying economic realities have forced them to scale down celebrations.
“We can’t afford a whole chicken. We will celebrate Easter quietly and hope things improve,” he said.
He added that what used to be a festive period marked by abundance has now become a time of careful spending and reduced expectations.
