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Home Economy/Technology

FCT residents lament as foodstuffs prices continue to soar

Prices

The Matters Press by The Matters Press
August 27, 2023
Reading Time: 2 mins read
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World Bank warns of economic slump if SSA doesn’t cut trade costs

Abuja, Aug. 27, 2023: Prices of food items have continued to rise in Abuja, amidst fuel subsidy removal, leaving residents groaning under intense hardships.
A market survey conducted by the News Agency of Nigeria (NAN) on Sunday revealed that Abuja residents lamented the constant increased of foodstuffs in the last two months.

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Mrs Happiness Benjamin, a civil servant, said she has adopted a method of eating twice a day in her house due to the current economic situation.

“We eat mostly twice a day this period because of the high cost of foodstuffs,” she noted

According to Mr Ikechukwu Eze, a trader at Dutse market, transportation is the major cause of constant increase in the price of foodstuffs.

”We spend a lot of money on transportation to bring goods from various state to sell.

“Before now, a bag of white garri was sold for 17, 000 but now it is sold for between N24,000 to N25, 000.

”While a Mudu of white garri is sold for between N500 and N600 and red garri is sold for N700 as against N300 to N350 for white garri and N500 for red,” Ikechukwu said.

Another trader in Dutse market, Rose Bayo, said a bag of local rice currently goes for between N45, 000 to N46,000, while foreign rice goes for N50,000 as against N35,000 and N44,000 sold respectively.

” We currently sell a mudu of local rice for between N1,350 to N1,400 while the foreign rice is sold for between N1,700 to N1,800 as against N900 and N1,500 July,” she said.

Bayo said the high price of foodstuffs was not only affecting the buyers but also traders.

Another trader at Bwari market, Musa Ibrahim said that a bag of beans currently sold for N65,000 as against the previous price of N49,000.

“We sell mudu of beans for N900 as against the previous price of N700,” he said.

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