HYPERINFLATION has hit the prices of food items and household products across Nigeria, countrywide findings by Nigerian Tribune have shown. The development has effectively pushed many Nigerians into poverty as they find it extremely difficult to feed and meet their other daily obligations.
Densely-populated states like Lagos, Kano, Oyo, Kaduna, Rivers, Katsina, Bauchi, Anambra, Jigawa, Benue, with a combined projected population of 121 million residents are being daily pressured by the soaring prices of staple food items and household commodities.
Major cities like the Federal Capital Territory (FCT) with its millions of inhabitants are also grappling with the soaring prices, with the grumblings of Nigerians ringing around the country.
In Lagos, findings at the popular Mile 12 international food market showed that a paint plastic measure of three classes of beans, known as oloyin, olootu and flat white, has seen a jump of at least N400, with oloyin, the top of the range, now selling for N2,600, from N2,200.
A big bottle of groundnut oil has shifted from N1,200 to N1,400. A paint plastic measure of rice moved from N1,900 to N2,200. A measure of pepper that would sell for N1,000 about three weeks back, now sells for N3,000 while a big tuber of yam which sold for N1,200 weeks back, now sells for N2,500, marking an increase of 100%.
The story was same at markets on Lagos Island, like Idumota, Balogun, among others. A mobile canteen operator, Mrs Motun Makinde-Ola, told Nigerian Tribune that food items’ prices began skyrocketing in the last three weeks
Source: Tribune
