– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by ohigabriel.blogspot.com.ng shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– ohigabriel.blogspot.com.ng presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by ohigabriel.blogspot.com.ng shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by ohigabriel.blogspot.com.ng shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– We Ohigabriel.blogspot.com.ng presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by ohigabriel.blogspot.com.ng shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by NAIJ.com shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– NAIJ.com presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by NAIJ.com shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
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One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
The stall where groundnut and palm oil are being sold inside the market. Photo: Esther Odili
“There is no fixed price of cow now. But often times we buy it is expensive which makes us record low profit after sales. Sometimes we end up in debt. The price now ranges from N80,000, N100,000 and N150,000 upwards. We just hope things will not continue like this, because we sell to customers at a price that is not favourable to us, so we will not lose completely,” he told our correspondent.
– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by NAIJ.com shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– NAIJ.com presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by NAIJ.com shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
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One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
The stall where groundnut and palm oil are being sold inside the market. Photo: Esther Odili
“There is no fixed price of cow now. But often times we buy it is expensive which makes us record low profit after sales. Sometimes we end up in debt. The price now ranges from N80,000, N100,000 and N150,000 upwards. We just hope things will not continue like this, because we sell to customers at a price that is not favourable to us, so we will not lose completely,” he told our correspondent.
“The rise in dollar has affected the price of books lately. Even though they are manufactured in Nigeria, the materials used to make them are sourced abroad. This then makes it more expensive. The production process is carried out here in Nigeria but the materials are bought abroad.”– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by ohigabriel.blogspot.com.ng shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– ohigabriel.blogspot.com.ng presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by ohigabriel.blogspot.com.ng shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by ohigabriel.blogspot.com.ng shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– We Ohigabriel.blogspot.com.ng presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by ohigabriel.blogspot.com.ng shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by NAIJ.com shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– NAIJ.com presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by NAIJ.com shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
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One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
The stall where groundnut and palm oil are being sold inside the market. Photo: Esther Odili
“There is no fixed price of cow now. But often times we buy it is expensive which makes us record low profit after sales. Sometimes we end up in debt. The price now ranges from N80,000, N100,000 and N150,000 upwards. We just hope things will not continue like this, because we sell to customers at a price that is not favourable to us, so we will not lose completely,” he told our correspondent.
– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by NAIJ.com shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– NAIJ.com presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by NAIJ.com shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
The stall where groundnut and palm oil are being sold inside the market. Photo: Esther Odili
“There is no fixed price of cow now. But often times we buy it is expensive which makes us record low profit after sales. Sometimes we end up in debt. The price now ranges from N80,000, N100,000 and N150,000 upwards. We just hope things will not continue like this, because we sell to customers at a price that is not favourable to us, so we will not lose completely,” he told our correspondent.
“The rise in dollar has affected the price of books lately. Even though they are manufactured in Nigeria, the materials used to make them are sourced abroad. This then makes it more expensive. The production process is carried out here in Nigeria but the materials are bought abroad.”– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by NAIJ.com shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– NAIJ.com presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by NAIJ.com shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
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One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
The stall where groundnut and palm oil are being sold inside the market. Photo: Esther Odili
“There is no fixed price of cow now. But often times we buy it is expensive which makes us record low profit after sales. Sometimes we end up in debt. The price now ranges from N80,000, N100,000 and N150,000 upwards. We just hope things will not continue like this, because we sell to customers at a price that is not favourable to us, so we will not lose completely,” he told our correspondent.– The predictions that the prices of goods in the market would drop before the end of the year may have been wrongly done
– A survey conducted by NAIJ.com shows the persistent price increase of some food items like rice, vegetable oil, palm-oil, perishable items and wares in Ojodu Retail market, Berger & Jakande market, Ikosi, Ketu
– Consumers, traders have therefore pleaded for government’s intervention
– NAIJ.com presents a table showing the prices of the goods before and now
Market men and women have continued to cry out over the unending crisis rocking the citizens following the consistent increase in prices of goods in the market.
The recent drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the untold hardship Nigerians have been exposed to in recent months as people can no longer afford the goods in the market.
A visit to Ojodu retail market and Jakande market by NAIJ.com shows an increase in the price of some goods and food items that are imported and a sharp increase of other local food items that are brought into the market.
According to those who spoke with our correspondent, the present economic crisis the country is experiencing is also a reason for the unprecedented challenges rocking the common man.
Insecurity and foreign exchange rate may have forced the prices of tomatoes, fresh pepper, onion and other food items to rise by about 20 percent.
At Ojodu market, the prices of the various brands of rice, which previously sold at N12, 500 now sells for N16, 000 upwards.
Mrs Chinyere, a trader who sells ingredients like tomato paste, sauce, spices, maggi cubes, said the rise in dollar led to the increase in the price of the items.
“The price of tomato paste has increased lately. A carton of Gino tomato paste before was sold for N2,800 but now sells for N3,200 while a carton of Tastytom that cost N2,650 before now sells for N3,000. A sachet that was sold for N50 has increased to N70.
“Also, the materials used in preserving tomato paste and other ingredients imported into the country, are very expensive now. We are managing; buyers no longer buy as usual. We beg them to buy from us because of the hike in the price of the items they demand sometimes,” she groaned.
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One of the stands at the Ojodu retail market in Lagos where traders lamented badly about the prices of goods. Photo: Esther Odili
Another trader identified as Iya Memunat, who sells jewelry, purse, nail polish, and beauty products laments on low patronage.
She said: “Things are very expensive now. The amount we use to purchase these products has gone so high that we no longer make profits as usual. We record low sales now. And this has restricted us to buying few products, thereby making us loose customers who come and do not get what they demand.
“The higher the price of the product, the lower the profit we make. Presently, we are suffering. Government should do something fast.”
The increase in the price of livestock, according to Baba Blessing, a butcher in the market, is down to the insecurity in the north-east and cost of transporting cows from other parts of the country to Lagos state.
“The attack by the terrorist group (Boko Haram), the cost of transporting the cow’s not only from the northern part of the country, but from neighbouring countries to Nigeria, led to the increase in the purchase of cow (meat/beef).
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The stall where groundnut and palm oil are being sold inside the market. Photo: Esther Odili
“There is no fixed price of cow now. But often times we buy it is expensive which makes us record low profit after sales. Sometimes we end up in debt. The price now ranges from N80,000, N100,000 and N150,000 upwards. We just hope things will not continue like this, because we sell to customers at a price that is not favourable to us, so we will not lose completely,” he told our correspondent.
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