As bumper harvests are being recorded across parts of Nigeria, the anticipated effects on farm produce prices have been varied…
Browsing: Food prices
Some perishable food prices have crashed by about 50 per cent amid the ongoing nationwide hunger protest
The National Bureau of Statistics (NBS), says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024.
“This means that in June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024,” the agency said.
Some farmers in the FCT have attributed the continuous rise in food prices to lingering insecurity, the high cost of transportation and the paucity of farm inputs.
The significant price hikes in essential commodities such as rice, bread, sugar, garri, beef, and eggs have notably strained household budgets, making it increasingly difficult for many families to afford three meals a day.
Canteen and restaurant owners in Lagos State have decried the rising cost of beans as they seek the Federal Government’s intervention over the staple food.
In Sokoto State, rising meat costs at abattoirs are forcing butchers to adapt and customers to cut back. As sellers turn to suya to manage stock, residents struggle with increased expenses, highlighting broader economic and health issues in Nigeria.
The National Bureau of Statistics (NBS), says prices of rice, garri, tomato, beans, yam and other food items increased in…
“We have quite a lot of wastage in this country, not only among FMCGs (Fast Moving Consumer Goods); even the commodity sector, you have quite a lot of wastage.