Tag: Food price

Wheat, rice prices crash in Gombe, amid low demand

Aminu Imam
Wheat, rice prices crash

Prices of the commodities at Gombe Central and Tudun-Hatsi grain markets have dropped by about 15 percent in the past two weeks. According to reports by newsmen who visited the markets yesterday, traders are facing a market glut amid low patronage. It was gathered that a 100kg bag of maize was sold at ₦53,000; as against its old price of N62,000. Also, beans were sold at ₦105,000; groundnut – ₦160,000 and soybeans at ₦82,000, as against their old prices of ₦120,000, ₦175,000, and ₦100,000, respectively. Rice indicated a similar decrease…

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Rice, garri, tomatoes prices rise 141% in one year – NBS

Aminu Imam
NBS on food prices

The average price of rice, garri and tomatoes rose 141 percent in one year, the highest yearly increase for the period, according to the National Bureau of Statistics, (NBS). The data from the selected food prices shows that the average price of rice rose 156 percent to N1,399 in 2024 from N547 in the same period of 2023. Also, the average price of garri – a major consumed staple by low and middle income surged 135 per cent from N363 in April 2023 to N852 in the corresponding period in…

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Prices of millet, potatoes garri, meat, others push food inflation to 40% – NBS

Aminu Imam
NBS

Nigeria’s headline inflation rose to 33.20%, data from the National Bureau of Statistics, (NBS), has shown. In a report yesterday, the NBS said headline inflation rate, which was 31.70% in February, showed an increase of 1.50 percentage points.Also, food inflation increased to 40%, with prices of garri, akpu, water melon, among others cited as the reason for the increase. It stated that on a year-on-year basis, the headline inflation rate was 11.16 percentage points higher compared to the rate recorded in March 2023, which was 22.04%. This shows that the…

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Food prices still surging amid FG’s stabilisation plan

Aminu Imam

Despite the declaration of a state of emergency on food security and the unveiling of immediate, short and long-term plans for agriculture in July, food prices are still rising at a faster pace in Nigeria. Recall that President Bola Tinubu have said his government’s stabilisation plan will deploy savings from petrol subsidy removal into the country’s food system to ramp up food production and halt surging food prices. However, three months later, prices are still surging and showing no signs of slowing, with food inflation hitting 30.64% in September. A…

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High cost of food items, others: “Our salaries can’t feed us anymore”, Nigerians workers lament

Aminu Imam

Some Nigerian workers have lamented that the average Nigerian’s standard of living under President Muhammadu Buhari’s administration is steadily declining every day as prices of food continue to skyrocket daily. The current realities are forcing families into hunger, as an average Nigerian who could afford to feed three times in a day are now struggling to feed twice or less, because of the economic situation in the country. On a monthly basis, prices of food items appear to be increasing in major cities in Nigeria. For example, the prices of…

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