As Nigerians prepare for the festive season, the excitement of Christmas celebrations is tempered with cautious optimism about the possibility of a reduction in the skyrocketing prices of food items. This year has seen substantial increases in the cost of staple foods, driven by inflation, insecurity, and supply chain disruptions, which have left many households struggling to afford even basic necessities......Read The Full Article>>.....Read The Full Article>>
From rice to vegetables, meat to cooking oil, the prices of essential foodstuffs have been rising steadily throughout the year, making it difficult for many families to keep up with the growing cost of living. For instance, a 50kg bag of rice, which cost around ₦55,000 last year, now sells for between ₦90,000 and ₦100,000 in many markets. Similarly, the price of palm oil has more than doubled, and the cost of chicken has surged to over ₦5,500 per kilogram.
For many Nigerians, the festive season is a time for family gatherings and shared meals, making the affordability of food a key concern. As the holiday approaches, the question on many minds is whether there will be any relief from the high prices that have plagued the country throughout the year.
Here are the current prices of major food commodities this week:
Price of Rice: Price of Beans: Price of Garri: Tomatoes: Price of Chicken:
The sharp rise in food prices is fueling concerns as the festive season draws closer. With many households already struggling with the high cost of living, the affordability of traditional holiday meals remains uncertain, especially for lower-income families.
