ADVERTISEMENT
  • Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, December 8, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Spike in food prices unsettles residents

Food

The Matters Press by The Matters Press
October 12, 2023
Reading Time: 2 mins read
0
Nigeria, WFP worry over food situation

Bwari (FCT), Oct. 12, 2023: Some residents in Bwari Area Council, Federal Capital Territory (FCT) have decried hike in the prices of perishable food commodities in the city centre.

RELATED POSTS

Cardoso approves CBN’s reviewed service charter

NDIC to pay N16.18bn liquidation dividends of 20 failed banks

Equity market declines by N192bn

The residents on Wednesday in Bwari said that the high cost of food items had impacted negatively on the living condition of people.

They attributed the hike to increased cost of petro which has increased the cost of transporting the items from the point of production to the markets.

The residents called on the Federal Government to subsidise the cost of petrol and transportation of food commodities in the country.

A resident, Mrs Helen Benjamin, said she resorted to cooking with firewood, as against use of charcoal and gas in order to cope with her petty “Akpu” cassava business.

Benjamin said: “The cost of gas, kerosene and even charcoal have increased so much, that is why I have resorted to be using firewood due to economic hardship.

“In a week, I buy a bundle of firewood for about N3000 from the market which I use for almost two to three weeks to cook my Akpu.”

Another resident, Mr Festus Ogedegbe, who deals in wholesale of food items, also reiterated the unbearable increase in the cost of most commodities in the market.

According to Ogedegbe, Director of Fadev Enterprises Ltd., this has resulted to low patronage of his goods.

He said that many food production companies had folded-up due to high cost of gas, which contributed to change in the prices of foodstuff.

The director also attributed the low patronage to poor electricity power supply in the community.

“A bag of Rice at wholesale now sells for N53, 000 as against N45, 000 to N50,000 , Spaghetti was N8000 now N11000, macaroni which was N8000 now goes for N11000.

“We used to buy noodles at N6500 but now it is N7500, a 25 litre of groundnut oil was N35,000 but now we buy it at N38,000.

“Bag of sugar was N38, 000 but has increased to N40,000, a bag of flour was N28,500 now it is N32,000 , a dust bin basket of onion and tomato which was N1500 and N2500 respectively is now N3000.

Another resident, Mrs Agatha Eze, a garri seller, lamented that things had become very tough for her family due to the economic situation in the country.

“Business is not as usual, I used to sell a bag of white garri at N17,000 but now it is N20,000, while the red one which used to be N20,000 is now N24,000,” she said.

For his part, Mr Ola Quadri, a livestock buyer at the Bwari market said:”I feel pain, because there is no option for us than to also increase the cost of our commodity.

“The cost of transportation is so high due to increased price of petrol and diesel and this has greatly increased the cost of our product in the market,’’he said.

Products such as bag of charcoal usually sold at N2800 is now N3500, a set of five tubers of Yam usually N2500 is now N6000.

A basket of Potato usually N2500 is now N3200, retail bag of foreign Rice sold at 36,000 is now N47,000 and local rice of N37,000 is now N39,000.

Meanwhile, a big size of local chicken which was sold at N3000 is now N5000, a big size of Goat sold between N25, 000 to N30,000 is now N80,000, Ram often sold at N70,000 is now N120,000.

Tags: food
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Cardoso approves CBN’s reviewed service charter
Economy/Technology

Cardoso approves CBN’s reviewed service charter

December 8, 2023
NDIC gives hope to customers of Fortis Bank
Economy/Technology

NDIC to pay N16.18bn liquidation dividends of 20 failed banks

December 8, 2023
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Equity market declines by N192bn

December 8, 2023
Nigeria to allocate $200m for creation of agricultural service centres
Agriculture

FCTA, World Bank target 12,283 farmers for Fadama CARES grant

December 8, 2023
Nigeria emerges Africa biggest energy sector
Economy/Technology

Cross River, Oando sign MoU on wind energy

December 8, 2023
Senate probes $3.5b with NNPC
Economy/Technology

Senate calls for holistic approach for economic revival

December 8, 2023
Next Post
Consumer commission, CBN, EFCC investigate violations in money lending

CBN, NGO move to empower residents for economic growth

Umahi gives 14 days ultimatum to contractors to return to site

Umahi gives 14 days ultimatum to contractors to return to site

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Osinbajo sees new development plan as tool to accelerate growth

Osinbajo urges agencies to support `hustle’ of Nigerians

December 14, 2021
Fraud in banking sector, mostly insider instigated

Bank customers decry increasing fintech fraud

June 5, 2022
Photo Speaks

Photo Speaks

October 29, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • The Penis, its global culture

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Cardoso approves CBN’s reviewed service charter
  • NDIC to pay N16.18bn liquidation dividends of 20 failed banks
  • Equity market declines by N192bn

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us