Foodstuff Prices Archives - Voice of Liberty NG

Hardship: ‘We can no longer plan our meals” � Abuja residents cry out

June 23, 2024June 23, 2024 Aminu Imam

A cross-section of residents of the Federal Capital Territory, (FCT), says they can no longer fend for their families due to the rising cost of foodstuff. The residents, who spoke in separate interviews with the newsmen on Friday in Abuja, said that eating beans and yam have become a luxury due to its high cost. This, they said, had affected their domestic food timetable, making it impossible to eat varieties. A mother, Mrs Glory Ocholi, said that beans have become so expensive that it is difficult to buy in bulk…

Escalating cost of foodstuff: ?”?We only eat to survive, not satisfactorily” – Nigerians lament

June 18, 2024June 18, 2024 Aminu Imam

Some Nigerian residents in the Federal Capital Territory, (FCT), have expressed worry over the continuous increase in the prices of foodstuffs and other commodities this Eid-el-Kabir festive season. A visit to some markets in Abuja and its environs showed that the prices of goods have continued to rise. Some respondents told newsmen at Dutse Market, in Bwari Area Council, that meeting their family needs was becoming increasingly difficult due to lean resources. According to a buyer, Mohammed Rabiu, it was unfortunate that he could not afford the feeding needs of…

Prices of maize, rice, sorghum, others to jump in December 2022 � Report�

November 17, 2022November 17, 2022 Aminu Imam

One of Nigeria�s commodities market players, AFEX, has forecasted a surge in prices of six food commodities, namely maize, paddy rice, sorghum, soybean, cocoa and sesame by the end of December 2022 to the first half of 2023. AFEX�s forecast is contained in its 2022 Wet Season Crop Production Report unveiled at a hybrid event hosted at the firm�s head office in Abuja yesterday. The report said maize which faces a projected decline in production levels of up to 14% will reach a higher average price point ranging between N214,…

Prices of yam, beans, tomatoes, bread rise by over 40% as inflation bites harder

April 25, 2022April 25, 2022 Aminu Imam

Figures from the National Bureau of Statistics, (NBS) show that the average prices of food items in Nigeria, such as yam, beans, tomatoes and bread, recorded significant increases within a one-year, between February 2021 and February 2022. The average cost of beans increased rose by 50.1%, from N331.48 to N 497.54 during the review period, the NBS figures showed. On a monthly basis, the price of beans recorded an increase of 3.34%, from N481.47 in January 2022 to N497.54 in February 2022. As of February 2021, the average cost of…

‘Food prices will soon crash’ – Buhari assures

January 19, 2022January 19, 2022 Aminu Imam

President Muhammadu Buhari Tuesday in Abuja urged Nigerians to exercise some patience as the growing food production in the country, especially expansion in rice farming, will eventually bring down prices of food, making it more affordable for all. The President, who spoke at the official commissioning ceremony of Central Bank of Nigeria (CBN)/Rice Farmers Association of Nigeria (RIFAN) Rice Paddy Pyramids at the Abuja International Trade Fair Complex. According to a statement by presidential spokesman, Femi Adesina, the President said more than 4.8 million smallholder farmers had been supported by…

80% drop in food import bill shows Buhari�s policies working – BMO

November 19, 2021November 19, 2021 Aminu Imam

The drop in Nigeria’s food import bills from 3.40 dollars billion to 0.56 dollars billion, representing a drop of over 80% over the last six years, is proof that President Muhammadu Buhari�s various interventions to boost food production and food safety in the country are yielding the desired results. The Buhari Media Organisation, (BMO), made this observation in reaction to the recent disclosure by the Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele, that the country was making huge savings from a reduction in food importation. The Governor…

Yuletide: FG working to crash food prices – Agric Minister assures

November 16, 2021November 16, 2021 Aminu Imam

The Federal Government says it is working tirelessly to crash the prices of food naturally between now and yuletide. Minister of Agriculture and Rural Development, Dr. Muhammad Abubakar, stated this yesterday, in Abuja, during a working visit to the Agricultural Council of Nigeria, (ARCN). Abubakar assured that the Federal Government would not sit idly by watching food prices skyrocket. He further explained that the Government was also working with international organisations for the agricultural sector to be improved, to increase production that will be sufficient for Nigeria�s teeming population. He…

‘Rising food prices pose new threat to Nigeria’ – Defence Min., Magashi

November 9, 2021November 9, 2021 Aminu Imam

�Nearly 17m Nigerians face food insecurity – Report The various security threats in Nigeria have adversely affected food security, triggering high costs of food, Minister of Defence, Maj-Gen. Bashir Magashi, (rtd), has said. According to Magashi, who stated this during the opening of a retreat for Defence Advisers/Attaches Conference, organised by the Defence Intelligence Agency (DIA), yesterday in Abuja, said this poses a new dimension of threats to the country. The conference/retreat was themed: “Advancing Counterterrorism Efforts through Enhanced Inter-Agency Cooperation: A Whole of Government Approach�. He said the attacks…

Economy: Food prices skyrocket amidst rising transport fare

October 27, 2021October 27, 2021 Aminu Imam

�Analysts project worse food price pressures for 2022 The prices of food rose Year-on-Year (YoY) amidst rising transport fare in September. Analysis of the National Bureau of Statistics, (NBS), selected food price watch data for September 2021 showed that the prices of rice, egg, garri, and tomatoes rose during the period. Similarly, the NBS Transport fare watch data revealed that the prices of transport fare paid for the bus, air, water and motorcycle journeys rose sharply YoY in September, 2021. Analysis of food prices data showed that the average price…

Cooking�oil,�bread,�noodles�rise�by�30%�-�Food�price�survey

September 9, 2021September 9, 2021 Aminu Imam

The prices of noodles, bread, and cooking oil (vegetable and palm oil) have risen between 20 and 30 percent in the last 12 months, a�food price survey of markets in six States has shown. According to the survey, published by an on-line journal, yesterday, which covered Lagos, Akwa Ibom, Abuja, Cross River, Nasarawa, and Ekiti States showed that the price of a litre of palm oil moved from N600 to N1, 000, while vegetable oil increased from N2000 a litre to N4,000 Also, the price of spaghetti rose by at least…