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By Our Correspondents
Nigerians have continued to grapple with the persistent increase in prices of household food items.
LEADERSHIP findings revealed that since the beginning of the year, prices of consumable goods, especially food stuffs have been on the rise despite low purchasing power of the citizens.
A survey conducted in some selected markets across the country showed that prices of food items have been increasing on a daily basis.
Both the sellers who are crying that they are recording low sales and the buyers who cannot buy what they need for their families because high food prices have continued to groan under the harsh economic reality.
On a month-on-month analysis, the prices were relatively stable this month compared to what they were in February, but on a general analysis of what they had always been since the start of the new year, the prices have been on a steady rise.
While the price increase is largely attributed to high inflation and scarcity of some food items as a result of insecurity occasioned by bandit attacks on farmers across the country, the recent decision by traders in the North not to transport food stuff from the region down to the south further heightened the tension in the price war.
With three weeks to the commencement of Ramadan fast, a time notorious for food stuff price hike, marketers have asked Nigerians not to expect a drop in food prices anytime soon.
LEADERSHIP checks around markets within Lagos and neighbouring Ogun State revealed that beans, rice, yam and other food materials were still high, though there seems to be a slight price drop compared to how much it was sold a month before.
Prices of pepper, onions and other vegetables are however low.
A bottle drinks wholesaler who wants to be identified simply as Mama Blessing said a pack of bottle water hitherto sold for between N400 to N450 now sells for N500.
The increase, she said, is attributable to increase in the cost of production.
Another foodstuff seller said 1kg of yam flour is now being sold at N900 instead of N750 it was selling previously, while 1kg of semo is now N450 instead of N350 to N400 it was selling for.
“A crate of small egg now sells for N1,200, an increase from between N800 to N900 it was selling earlier in the year, while a crate of big-sized eggs now sells for between N1,400 to N1,500. A tuber of yam, previously sold at N750 is now N800”, she stated.
According to Mrs Fausat,…
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