Staple food prices go up As Elections Loom

The prices of staple food items have either increased or remained at their exhorbitant rates. A bag of Aroso rice cost N9, 000, Agric rice, N8, 500, a bowl of garri is N300 and N400; these prices haven’t changed since December.

Beans is N15,500 per bag; a carton of frozen turkey is N7,000, a frozen foods retailer at Ayobo, a Lagos surburb, Mrs. Ifomma Eze, said.

It costs between N 7,600 and N8,000 for a carton of chicken; earlier, it was between  N4,500 and N6,000 for the small and big cartons.

A tomato seller at Mile 12 market, Miss Joy Kalu, said a basket of the item that used to be N5,000 is now N8,000, attributing the increase to high cost of transporting the item and the insecurity the North.

It is not a different scenario at Agege market. A bag of 25kg-Mama Gold rice is N6,000 and N11,000 for 50kg bag; a bag of tomatoes rice costs N 9,000, Royal Cow rice bag goes for N10,500, Special Rice bag, which used to sell for  N10,000, now costs N11,000. And for beans, the price goes for between N15, 500 and  N16,000. Also at the Agege market, a basket of tomatoes, which was sold for N4,500 before, sells for N8,500 now. At Mile 12 market in Kosofe Local Government Area of Lagos, a bag of onions was N6,200, now it costs  N8,000.

Traders said the hike in the price of this staple item as well as others is as a result of the elections and  insecurity in the North.

A bag of Chili pepper, popularly known as dried pepper,  cost N25,000, now it is N27,000. This is attributed to scarcity of pepper at the Arewa market where it is transported from.

“The price of red oil remains the same; it sells for N6,000 and N6,200.  A 25-litre of Vegetable oil is N6,200, a five-litre goes for N1,300.

At Oshodi Market, a carton of tin tomatoes goes for N1,800 and N1, 700.

A bag of rice, which use to be N9,500 or N10,000 is now between N11,200 and N11,500. The increase, it was learnt, was as a result of import duties and exchange rate.

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