The National Bureau of Statistics yesterday said that the surge in prices of food items continued in April, with the average price of five basic foods items recorded 140.4 per cent, Year-on-Year, YoY increase during the month.

The five food items are local rice, garri white, tomatoes, beans brown and yam.

The NBS disclosed this in its Selected Food Price Watch April 2024.


The report said: “Selected Food Price Watch for April 2024 shows that the average price of 1kg Rice local sold loose stood at N1,399.34. This indicates a rise of 155.93% in price on a year-on-year basis from 546.76 recorded in April 2023 and 3.47% rise in price on a month-on-month basis from N1,340.74 in March 2024.

“The average price of 1kg of Garri white, sold loose increased by 134.98% on a year-on-year basis from N 362.50 in April of last year (2023) to N 851.81 in April 2024. On a month-on-month basis, the average price of this item increased by 13.59% from N749.89 in March 2024.

“The average price of 1kg of Tomato rose by 131.58% on a year-on-year basis from N485.10 in April 2023 to N1,123.41 in April 2024. On a month-on-month basis, it increased by 17.06% from N959.68 in March 2024. Furthermore, the average price of 1kg beans brown (sold loose) rose by 125.43% on a year-onyear basis from N615.67 in April 2023 to N1387.90 in April 2024, while there was an increase of 12.44% on a month-on-month basis.


“Also, the average price of 1kg of Yam tuber increased by 154.19% on a year-on-year basis from N444.69 in April 2023 to N1,130.37 in April 2024. On a month-on-month basis, it increased by 5.76% from N 1,068.78 in March 2024 to N 1,130.37 in April 2024.”

Ofunaofu:
"The 140% price rise in basic foods is not a bad situation. Nigeria's case is not as bad as being portrayed, especially when compared to what is happening in America, the UK, and other countries. In fact, due to the economic policies put in place by the Tinubu administration, it could have been above a 500% price rise.

The government needs to be commended because enormous efforts are being put in place to make sure basic food prices are within the reach of the common man".- Bayo Onanuga, Special Adviser to the president on Information and Strategy.

vengertime:
Let the poor go to hell , Tinubu is doing a good job. He should increase it to 2000% .

Poor people think they're wise during elections

AqualinaXYZ:
Let it rise 10,000%





We must learn the hard way




Since una say drug addict is the chosen one

benuejosh:
food is cheap up North but expensive from South East.

You guys think what you're doing will hurt Tinubu and paint him bad but it's your people who are suffering it.