Lagos residents decry commodities price increase
As Nigerians continue to grapple with the impact of coronavirus pandemic, the cost of foodstuffs and other commodities have continued to increase astronomically.
Both the traders and consumers are expressing concern that the price increase might further impact the economy, which is already battling with inflation.
According to The Guardian’s market survey, the price of pepper and tomato is appreciably still the same. However, it is a different scenario for tin tomato, which currently sells for N150 each, against the initial price of N50.
A paint bucket of beans is between N800 and N1, 200, depending on location, while a derica module sells for between N200 and N300. A crate of egg, which sells for N900, is now N1, 300. A bag of rice sold for N23, 500, is now between N30, 000 and N35, 000, while a derica is now N500.
A small size onion sells for N50, while a bottle of palm oil, which sells for N300 two months ago; now sell for N400 to N500 per bottle. Vegetable oil sold at the rate of N400 is now N600; a paint bucket of garri sold for N650 has increased to N900 and Spaghetti, which currently sold for N200 is now N250.
A trader at Ajangbadi market, Lagos, Mrs. Gloria Okaja said the foodstuff markets are undergoing serious challenges due to economic problems facing the country. “Customers are no longer buying in large quantities as before, because the goods are expensive. If the government can reopen the borders for goods to come in, I think there will be surplus and the price will come down,” she said.
Also speaking, Obeto Emilia who explained how cost of goods has doubled said the development has scared customers away. “A paint bucket of palm fruit, which I sold for N800 is currently N1, 600 and a bag of Okra which I bought last for N3, 000 is being sold now at N8, 000.
“The price of the goods kept on increasing daily, it has been burdensome for my customers to buy,” she said.On his part, Mr. Chinonso, a businessman who told The Guardian that the government should invest more in the area of agro produce, said this is the time for states to construct rice millers to make production of local rice easier and confortable for people. “There is also need to set up other amenities that will aid the growth of the economy and if they can’t afford that, they should go for the alternative.”
“We want government to ensure that we feel the “change,” because it is not a good omen for the economy to be at this state. We have been moving from one state of increase to another, from dollar exchange rate increase to transport fare increase and now foodstuffs are hiked in markets.”