According to a market survey conducted by newsmen, the cost of staple goods in Nigeria has risen by at least 40% in the past two months.
It was discovered that, as of Monday, February 11, 2024, the costs of bread, tomatoes, garri, rice, beans, and groundnut oil had skyrocketed by more than 40% between December 2023 and February 2024.
According to a market survey conducted by reporters on Monday, the cost of a 50kg bag of rice went up from N35,000 to N65,000; the price of beans climbed from N800 to N1,600 per mudu measurement; and the price of a 50kg bag of garri went from 22,000 to N39,500.
Additionally, 25 liters of groundnut oil cost N57,000 instead of N34,000, while a carton of Super Pack size noodles cost N11,140 instead of N6,000.
A 50kg bag of sugar climbed to N85,000 from N40,000, a 900g piece of bread to N1,200 from N600, a 1kg Semovita to N1,400 from N900, and a small garbage basket of tomatoes to N4,000 from N1,500. In a similar vein, a carton of eggs went from N2,500 to N3,700. There is an infinite list.
It is clear from the above that items like rice recorded 46.2%, beans 50%, Garri 45%, Egg 32%, Sugar 52.9 %, Bread 50%, Indomie 46%, Semovita 1 kg 25%, and tomatoes small garbage basket 62 in percentage terms.
The National Bureau of Statistics reports that food inflation increased to 33.93 percent in December’s consumer price index.
Nigerians were complaining about the high expense of living under President Bola Ahmed Tinubu as a result of the development.
