Source: https://www.vanguardngr.com/2017/09/food-prices-drop-significantly-nigeria/

Hatred won't allow them to see thiz

I noticed that too even though I don't do the shopping myself.

sarrki:
Hatred won't allow them to see thiz

That is Nigerians four u.

sarrki:
Hatred won't allow them to see thiz

Zombies can never understand
This is what the NBS boss has to say

NBS boss explained that out of the 42 economic activities that were used to measure the GDP growth rate, 21 recorded decline in productivity, while the rest performed better than they did in the first quarter.

He said the 21 of those economic activities that recorded slowdown in performance were those that ordinary Nigerians relate with on daily basis.

Meaning that foodstuffs, cement and transportation are still high
https://www.nairaland.com/4037840/why-nigerians-havent-felt-impact

food prices are gradually dropping...

maybe like 5% drop... but some people would make it seem as if its 100% drop

ITbomb:

Zombies can never understand
This is what the NBS boss has to say

Meaning that foodstuffs, cement and transportation are still high

Please read Deuteronomy 15 :11


For the poor shall never cease out of the land: therefore I command thee, saying, Thou shalt open thine hand wide unto thy brother, to thy poor, and to thy needy, in thy land.

UncleRichy:
food prices are gradually dropping...

maybe like 5% drop... but some people would make it seem as if its 100% drop

So far it's coming down

We bless God

sarrki:


Please read Deuteronomy 15 :11


For the poor shall never cease out of the land: therefore I command thee, saying, Thou shalt open thine hand wide unto thy brother, to thy poor, and to thy needy, in thy land.

Buhari your dumb hero increased poverty in Nigeria to the point that hungry rats took a bold step to chase him out of his office


Price of things are still high

sarrki:
Hatred won't allow them to see thiz

This robot is here again!!

please what price of food stuff have gone down by 5%. Except you dont go to the market regularly. They should stop saying things that can't be proved.

littlewonders:


This robot is here again!!

Yes ooo am here

When it comes to PMB, there is no middle line. You either Love or Hate him. And you have to either religiously!

Paint plastic of garri na 600 Naira the last time i bought it, like 3 Sundays ago.

Liars!!!!!!

sarrki:


Yes ooo am here

When it comes to PMB, there is no middle line. You either Love or Hate him. And you have to either religiously!

How do you get paid cos' if this magnitude of intense strength is put in developing people (not faction), you would have been by far a hero to human development. The greatest treat of a collective human co-existence was climate change but now, are youths like you

Its amazing how we are forced to acknowledge we are out of recession...

When things change, the people would know..
Food would be available cheaper..
Buying power would increase..
Innovators would begin to try new ventures..
Unemployment would reduce..

The same signs that told us we were in recession without the govt acknowledging untill after 3 months would tell us otherwise.

Hmmm

The harvest of food crops in the South-west has made appreciable positive impact on the prices of foodstuff, a survey by the News Agency of Nigeria has revealed.

Some farmers and stakeholders, who spoke with NAN correspondents across some states in the zone on Wednesday, attributed the positive development to the sustained focus on agricultural development by the federal government.


They expressed optimism that the effort at revamping the country’s ailing economy would materialise, if the renewed focus on agriculture persisted.

They also cited government’s efforts at strengthening the naira by encouraging locally produced goods.
These actions, they concluded, had boosted food production, resulting to good harvest that had led to a drop in the price of foodstuff.

In Oyo State, a maize seller, Azeez Zubair, told NAN in Ibadan that a measure (mudu) of maize, which cost N420 before the current harvest period, now goes for N200 while a bag of maize, which was sold for N18,000 previously now cost N10,000. He said that the price could have been further reduced if more youth had ventured into agriculture and therefore, advised youngsters to go back to farming in order to permanently tackle food insecurity in the country.

Also speaking, Romoke Fashola, a yam seller, said that six tubers of yam that previously cost 3,000, now sells for N1, 200 while the price of 60 tubers of yam had dropped to N18,000 from N30,000. Mrs. Fashola said that the price of yam would still drop as the harvest period lasted. She, however, observed that exportation of yams, would limit the drop in the price of yam this harvest season.

In his own contribution, Alao Adetayo, a farmer, identified one of the factors inducing price spikes as the high cost of farm inputs and transportation occasioned by bad roads. He urged the federal government to rehabilitate rural roads to ease farmers’ stress in the transportation of farm produce to urban centres.

Reacting to the development, Oyewole Oyewumi, the Oyo Commissioner for Agriculture, Natural Resources and Human Development, said the state government had embarked on various measures to boost food production. Oyewumi said that the government had begun to recruit many unemployed youth into agriculture through the inauguration of the Oyo State Agricultural Initiatives (OYSAI) tagged ‘OYO AGRIC’. He said that this effort had contributed to increased food production and the resultant affordable prices of farm produce this harvest period. The commissioner added that the government had also embarked on the repair and expansion of rural roads to ease the transportation of farm produce from rural communities to urban areas.

In Osun, a similar trend was observed in different parts of the state, especially at major markets in Osogbo and Ile-Ife. A yam seller at Itakogun market, Ile-Ife, Christiana Alani, said that five big tubers of yam, previously sold for N4,000 now cost N2,500. Mrs. Alani added that five small tubers which cost N1,200 before harvest, now sell for N800. She observed that a small bag and a measure of maize, which sold for N24,000 and N350, now cost N21,000 and N300 respectively. Similarly, in Alekuwodo market in Osogbo, five big tubers of yam now cost N,3000 as against N4,500 before the harvest while a bag of maize sells for N22,000 against N24,000 previously.

Tawa Ahmed, a food seller at the market, attributed the fall in the prices of foodstuffs to the ongoing harvest of farm produce. “Usually, prices of foodstuffs come down at this period of harvest but by the end of October, there may be slight changes in the prices when harvest of crops draw to a close,” Mrs. Ahmed said.

On the contrary, however, Taye Babatunde, a foodstuff distributor at Oja Tuntun, noted that the price of beans had remained high in the last few months as a bag of white beans sells for N40,000 while a plastic measure costs N650. Mrs. Babatunde said that a bag of sweet beans, which was formerly sold for N25,000 and a plastic measure for N700, now costs N30,000 and N750 respectively.

At Igbonna market in Osogbo, a bag of brown beans attracts N33,000, as against the initial price of N29,000 while a plastic measure, which formerly cost N600 now costs N700.

Meanwhile, Moses Oladipupo, the Vice President of All Farmers Association of Nigeria (AFAN) in Osun, said that the newly-harvested crops had triggered 50 per cent drop in the prices of foodstuff generally in markets in the state. Mr. Oladipupo noted that most of the food crops being harvested were planted between March and June. He expressed optimism that the prices of foodstuff would further drop in the course of the harvest period.

Also commenting, Ganiyu Awojobi, the AFAN Chairman in Ife East Local Government, concurred that the prices of foodstuff would further decline as the harvest progressed. He, however, argued that it was normal that when certain food crops were being harvested and made available in the market, their prices would drop in line with the law of demand and supply. In Ekiti, respondents said they were excited over the evident fall in the prices of foodstuff and their availability in the market.


A farmer, Jide Ogunyemi, in Ikere Ekiti, said that farmers were actually relieved of the hardship associated with the ailing economy, saying that they would not relent in their efforts to sustain the trend. Mr. Ogunyemi, however, said that the state government needed to do more in the area of providing the enabling environment as well as incentives for farmers to further encourage them. He told NAN that many farmers in the state still lacked access to agricultural inputs and cash support to enable them to expand and maintain their farms. The peasant farmer noted that most of them would want to be equipped with agricultural skills, equipment and facilities, including storage, marketing and distribution of farm produce. In Kwara, the newly harvested crops also made some positive impact on the prices of foodstuff, as revealed in the NAN survey.

For instance, in Baruten Local Government Area of the state, a measure of maize, which sold for N6,000 before, now costs N4,000 while six big tubers of yam now cost N2,000 as against N5 000 before the harvest period.

However, the price of Guinea corn remained high as the crop was not yet due for harvest hence, one basin of Guinea corn sells for N6,000 as against N5,000 in May. A pepper seller who identified herself as ‘Iya Ramota Alata’, said that pepper had also witnessed price reduction as a bag of long pepper sells for between N6,500 and N7,000 as against N8,000 sold in May. She also said that the price of onion had also dropped with the arrival of the newly harvested commodity.

According to her, a bag of white onion now sells for between N18,000 and N20,000 while the red onion sells for N15,000 to N18,000. Kayode Ehindero, the Chairman, Agriculture and Allied Employees Union (AAEU) in Kwara, attributed the drop in commodity prices to good harvest (NAN) Residents happy as prices of food stuff crashes in Nasarawa July 7, 2017 Aflatoxin: IITA leads fight against prevalence in food June 3, 2016 NEC hints on bumper harvest, low food prices The National Economic Council (NEC), on Tuesday in Abuja, expressed optimism that the nation would experience bumper harvest this year which would force down the prices of foodstuff. October 26, 2016

Read more at:
https://www.vanguardngr.com/2017/09/food-prices-drop-significantly-nigeria/

HiddenShadow:




Buhari your dumb hero increased poverty in Nigeria to the point that hungry rats took a bold step to chase him out of his office


Price of things are still high

dumb ass.

We should not make mistakes,some of the food items that dropped in prices are local foodstuffs.Morever,these foods are season products like yam, pepper,maize,cassava,plantain,etc.As for before I can say the price has dropped is when a bag of is 7,000naira because I bought lesser than that when the Otuoke man was there.

GavelSlam:


So you don't think a drop in price of a local substitute could also result in a drop in price of the imported version?

Why choose 7000, did government start in Otuoke? What of prices before Otuoke got into power?

Don't quote me with sentiment,those local foods i mentioned are season foods.Mind you,I regretted that I voted for Otuoke man in 2011 not because of anything but he is weak and corrupt.2015 I voted for change,I have not see change but story story.

GavelSlam:


They are seasonal foods but there was a time even when they were in season yet experienced rise in cost.

Is it that we simply hate good news in this country?

All the stats are emphasising an improvement in economy. It's not perfect but we should utilise these Positives.

Love yourself, love your country.

This is nothing but political statement

sexy74:
please what price of food stuff have gone down by 5%.
Except you dont go to the market regularly.
They should stop saying things that can't be proved.

its u that don't go to market regularly

I buy food stuffs weekly and I can tell u food stuff is dropping....

Prices of staple foods like rice, garri, Palm oil etc have dropped a bit. But groceries like beverages, milk, spaghetti etc are still sky high. Those manufacturers no get joy.