Food prices in the Federal Capital Territory (FCT) and its surrounding areas have begun to decline, the News Agency of Nigeria (NAN) reports.
A market survey conducted by NAN across different locations in the FCT shows varying price reductions on essential food items, depending on market location and type. Prices tend to be lower in satellite town markets compared to those in the city center.
At Kado Market, a 50kg bag of rice, which previously sold for between N97,000 and N100,000 in January, now sells for N87,000. Similarly, a 25kg bag of rice, formerly priced at N45,000 to N50,000, is now available for N43,500, depending on the brand.
In Garki Market, a 50kg bag of rice has dropped from N92,000 in January to N81,000–N83,000, while a 25kg bag now sells for N42,000–N43,000, compared to N45,000 earlier in the year.
In Nyanya Market, located in the satellite town, a 50kg bag of rice, which sold for N90,000–N93,000 in January, now goes for N70,000–N83,000, depending on the…
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