Wisdom Engraced
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Despite the federal government’s claims that food inflation is on a downward trend, market surveys across major cities in Nigeria have shown that the cost of essential food items remains high. According to the National Bureau of Statistics, food inflation slowed to 38.2% in June 2025, down from 40.66% in May, citing increased food supply and government interventions.
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However, market realities appear to contradict the data, with traders and consumers expressing frustration over the continued economic pressure. A visit to major markets in Lagos, Oyo, Delta, Rivers, Anambra, Abuja, Sokoto, Kano, and Kaduna states reveals that prices of staple foods such as rice, beans, yam, tomato, maize, and garri have either remained static or surged in the past two months
Price Hikes in Major Markets
In Lagos State, the price of local parboiled rice rose from ₦53,000 in May to ₦77,000 by July. A 50 kg bag of maize that sold for N68,000 in May now goes for N78,000, while a bag of white garri spiked to N60,000. Tomatoes witnessed one of the steepest spikes, soaring from N58,500 per basket in May to N110,000 by July.
A trader at Ikorodu Market, Temitope Maria, lamented the unpredictable nature of the price hikes. “About two months ago, a bag of local parboiled rice sold for about N53,750, but now it has increased to N77,000,” she said.
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Jonathan Nwokpor
