₦airaland Forum

whats the POINT, na POINT people no NEED Food than ONCE in a Day PRICE dropped.

why not now wey PEOPLE go GAANU si Ile

LUAN:
please where can i get the cheap food, my location is Lagos

Where in Lagos are located?

CodeTemplar:
thats because traders were calculating it with intl price n dollar was heavily subsidized. Imagine a dollar of N1500 selling for N700. A farmer trying to sell grain at intl price of, lets say, $1/kg will use N700 instead of N1500 a dollar should actually go for.

reason with u bro,

Even the trader that doesn't have any idea how dollar look like we still be telling u dollars Don hight, fixing their price according to the market association price.
What I just observe was that we Nigerians are the problem of urself, I manging a marketer that brought goods from farmers as selling it below the market association price, don't be surprise is either they kill the person or chase the person out of the market.

It well

We pray it will keep on dropping.

God will not forget His people.

islamabad and their staving scheme

CodeTemplar:
Broda yekini finally heeded my advise. Assisted import is the way to humble political middlemen. Let them sell theirs in intl market since they always use intl price to justify inflation. Lol.

Heeded your advise?

Who the fvck are you?
🤣

For North Abi?

If it's Christmas now, they will all be increasing.

The real issue we face as a people is our tendency to exploit every government policy meant to support local farmers. Self-interest and greed overshadow the long-term benefits, and we fail to see how our actions create ripple effects across the economy.

Petrol: In the past, we were at the mercy of NNPC, but now, competition has changed the game. The availability of alternatives has kept prices in check—no one can hoard fuel and expect to control the market. If Dangote had sole dominance, we would have been at his mercy.

Agriculture: Before border closures, food prices were relatively stable. The government introduced policies to encourage self-sufficiency, providing support to local farmers. However, rather than ensuring affordability, many took advantage of the situation. Despite accessing government funds, they hiked prices outrageously. A crate of eggs that once sold for ₦600 skyrocketed to ₦6,000.

Transportation:The moment fuel prices rise slightly, transporters transfer the full burden onto passengers, rather than spreading the increase fairly. Now that fuel prices are dropping, they refuse to adjust fares accordingly.

In short, government policies are generally beneficial, but dishonesty among Nigerians undermines their impact. At this point, I support reopening the borders to allow food imports. Government should keep supporting the farmers till they can meet up with demands. If some farmers and middlemen can't compete fairly, they should consider other professions.

Worthy to note that the appreciation of the Naira is insignificant here. The price should keep dropping.

Yesterday, at Ota market, a bag of 50kg rice is now #67,000.
Where are the cheap local rice sef? Dey don upgrade to international standard?..Naija i hail

AmazingGenius:
Source: https://dailytrust.com/food-prices-drop-ahead-ramadan/#google_vignette

Thank you for this wonderful update

We met more of this

Please Adamawa price , mubi

Expecially groundnut

I pray food prices continue to drop so that, the level of hunger in the country can reduce so that the masses too can have a decent meal starting this fasting period.
A big sorry to the farmers, as usual in business the is profit and loss

HydraFeeds:
Cost of production should drop too so that farmers can make profit as well.

cost of production will drop if naira continues to remain stable.

Importation however, must continue.

Let the farmers compete with foreign import instead of putting masses at their mercy where they hoard food, course artificial scarcity and sell at ridiculous prices, and at the same time blame federal government for their greeds.

onyxo76:
so why has the meatpie I buy now 1400 from 1200 if price of flour has fallen

one of the reasons I want everything to remain the same.

The price of dollars and raw materials will fall, but greedy manufacturers will remain greedy.

Igbokid:
This is true .
A relative in Oyo complained that a lorry of cassava which sold for about 500k previously now sells for about 300k .
Like one of the farmers opined, importation is just a stop gap measure and not sustainable.
We do not even have the forex to start with .

Tinubu should do more to get our farmers back to their farms . El -Rufai’s errand boys like Turji and co must be decisively dealt with .

NB : What is Lucky Aiyedatiwa doing in Ondo to secure the forests and highways from Fulani supporter of APC terrorists ??

importation and local production should go hand in hand in other to control price.

They should stop banning importations.

If locally produced food is cheaper than foreign ones, people will buy the locally produced ones.

AmazingGenius:
Source: https://dailytrust.com/food-prices-drop-ahead-ramadan/#google_vignette

It's disheartening to read that some farmers aren't happy with the price reduction...smh

NinjaMetahuman:
cost of production will drop if naira continues to remain stable.

Importation however, must continue.

Let the farmers compete with foreign import instead of putting masses at their mercy where they hoard food, course artificial scarcity and sell at ridiculous prices, and at the same time blame federal government for their greeds.

You're right but w can't deny the fact that an acre of maize farm in some developed countries might produce more than an acre of local maize farm and have cheaper cost of production because of better seeds and mechanisation .

AmazingGenius:
Source: https://dailytrust.com/food-prices-drop-ahead-ramadan/#google_vignette

For dream abi for real life?

If na Christmas na e go dey rise, make una weldone oh 👋

Emu4life:
This thing na audio o.
Nothing reduce for this side

Audio Go round and see. Many are crying 😭 here in North.

Most people borrow money for food storage, expecting price to rise like last year but lo and behold bad market for them

The Bean that cost #2700 per mudu during harvest is now 1700 -2000 same go for Maize, etc.

I don't know your place ooooooo 😄😃😃😃😃
Maybe you people decided to hold yourself hostage

Tinubu and his men has finally unleashed the greatest weapon in their armoury Propaganda and vague claims

So people are blind to see that the prices are coming down abi?

If govern

---

ment open our land border now everything will cheap buhari is the cause of food price hike if border is open things will good nigerians business men and women are very greedy

Story , dropping on nairaland

Igbokid:
This is true .
A relative in Oyo complained that a lorry of cassava which sold for about 500k previously now sells for about 300k .
Like one of the farmers opined, importation is just a stop gap measure and not sustainable.
We do not even have the forex to start with .

Tinubu should do more to get our farmers back to their farms . El -Rufai’s errand boys like Turji and co must be decisively dealt with .

NB : What is Lucky Aiyedatiwa doing in Ondo to secure the forests and highways from Fulani supporter of APC terrorists ??

If it is true, why is food stuff price still high?
One rubber of garri is N900
One rubber of rice is N2800

Yinmu

Goodnews

24kmagik:
Even El-rufai criticized this food importation policy of the government during that his Arise interview because it will kill the local Agriculture industry.

These imported foods from Europe and Asia are heavily subsidized by the government, coupled with the fact that it's mechanized farming.

Nigerian farmers (the real farmers) don't get any sort of funding or support from the government, plus the farming is strictly manual process.

If the government want food to be cheap, subsidize the process for farmers by 80%. Even if that means registering the farmers to know who the beneficiaries are, and then support them with modern farming tools.

If the government can't do that, we should just scrap out the agric ministry and continue importation till thy kingdom come.

How can I spend huge amount of money to produce food and when I'm about to sell to recoup my investment, you drop a policy that crashes the price and then I'm forced to sell at a lost?

Will that make me go back to such investment again?

Who is advising this agric minister?

nothing written here is new and it has been done before..govt gave farmers money to farm rice billions of dollars through Nisral..what was the result..farmers collected money most refused to pay back ..and nothing is happening.. fertilizer has been subsidized most especially to northern farmers from the 80s ..why are we still here.
Not only that this is the perfect time for the government policy.. middlemen are the real problem not even farmers ..when there is abundance in produce, except for Perishable crops,they blatantly refuse to reduce price,not only that they form a cabal and control the price in the market thereby hindering the spirit of free market that will drive price down .

masseratti:
nothing written here is new and it has been done before..govt gave farmers money to farm rice billions of dollars through Nisral..what was the result..farmers collected money most refused to pay back ..and nothing is happening.. fertilizer has been subsidized most especially to northern farmers from the 80s ..why are we still here.
Not only that this is the perfect time for the government policy.. middlemen are the real problem not even farmers ..when there is abundance in produce, except for Perishable crops,they blatantly refuse to reduce price,not only that they form a cabal and control the price in the market thereby hindering the spirit of free market that will drive price down .

Ask 10 farmers that you know personally if they actually benefited from that Nirsal bullshit. It was another means to Syphon government funds. In my little capacity, I farm upto 2 hectares to rice and I've never benefited from any government agric program. Even if it gets to the real farmers, what is the %tage of people that benefited against those that didn't? If 200k farmers benefited from such programs, is that enough to crash the price of food when more than 1m didn't benefit?

Nigerians want to buy a bag of 50Kg rice for 5000 but don't want to go to farm. Why can't more people go into farming since you guys think farmers are greedy? Abi you no want cashout too?

We'll still be here when you guys start blaming the government due to weak currency.

Like, what can we say we are even good at as a country?

The solution to every of our problem is IMPORT.

24kmagik:
Ask 10 farmers that you know personally if they actually benefited from that Nirsal bullshit. It was another means to Syphon government funds. In my little capacity, I farm upto 2 hectares to rice and I've never benefited from any government agric program. Even if it gets to the real farmers, what is the %tage of people that benefited against those that didn't? If 200k farmers benefited from such programs, is that enough to crash the price of food when more than 1m didn't benefit?

Nigerians want to buy a bag of 50Kg rice for 5000 but don't want to go to farm. Why can't more people go into farming since you guys think farmers are greedy? Abi you no want cashout too?

We'll still be here when you guys start blaming the government due to weak currency.

Like, what can we say we are even good at as a country?

The solution to every of our problem is IMPORT.

bro personally I know close go like 6 farmers in Ogun state that benefitted ..if you didn't apply don't say they didn't give because they actually did give ...a good number of rice producing farmers with their association were given loans ,it was also not paid back ..my point here is that yeah Government do release funds for all this subsidis or loans but corruption takes like 30 percent of it not that it wasn't given ..heck emefiele and former Nisral head are currently been prosecuted..my own point is we Nigerians are basically our own problem there is nothing we no sabi spoil..be it the citizens or the government.