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  • Welcome
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    Nigeria needs new constitution to return to true federalism — Delegates

    Nigeria needs new constitution to return to true federalism — Delegates

    Alleged N5.2bn fraud:  Ex-JAMB registrar, ICPC opt for out of court settlement

    Alleged N5.2bn fraud: Ex-JAMB registrar, ICPC opt for out of court settlement

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    Facebook set new monetization rules for creators who uses other people content

    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

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    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

  • Metro News
    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Teachers, health workers strike,others: Wike gets fresh ultimatum from FCT workers

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    Abuja braces for two-week without water as rehabilitation works commence

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    Tinubu appoints IBB’s son, others into federal agencies

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    Trending Tags

  • Infotech
    Facebook set new monetization rules for creators who uses other people content

    Facebook set new monetization rules for creators who uses other people content

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

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Abuja hardest hit by tomatoes inflation as Nigeria records worsening food prices in June, says NBS

Daily Intel Newspaper by Daily Intel Newspaper
July 24, 2024
HARDSHIP: We will no longer tolerate arbitrary price hike , FCCPC warns
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The National Bureau of Statistics says that the prices of beans, tomatoes, Irish potatoes, garri, yam, and other food items witnessed significant price increases in June 2024.

The NBS said this in its Selected Food Prices Watch report for June 2024, released in Abuja on Tuesday.

The report said that the average price of one kilogramme of brown beans increased by 252.13 per cent from N651.12 recorded in June 2023 to N2,292.76 in June 2024.

On a month-on-month basis, one kilogramme of brown beans increased by 14.11 per cent in June from the N2,009.23 recorded in May 2024.

It said that the average price of one kilogramme of tomatoes increased by 320.67 per cent on a year-on-year basis from N547.28 recorded in June 2023 to N2,302.26 in June 2024.

On a month-on-month basis, one kilogramme of tomatoes increased by 55.97 per cent from the N1,479.69 recorded in May 2024.

The report said that the average price of Irish potatoes increased by 288.50 per cent on a year-on-year basis from N623.75 in June 2023 to N2,423.27 in June 2024.

On a month-on-month basis, the price increased by 51.92 per cent from the N1,595.07 recorded in May 2024.

The NBS said that the average price of 1kg of white garri rose by 181.66 per cent on a year-on-year basis from N403.15 in June 2023 to N1,135.51 in June 2024.

On a month-on-month basis, one kilogramme of white garri increased by 1.86 per cent from N1,114.72 recorded in May 2024.

In addition, the average price of one kilogramme of yam tuber rose by 295.79 per cent on a year-on-year basis from N510.77 recorded in June 2023 to N2,2021.55 in June 2024.

On a month-on-month basis, it increased by 52.87 per cent from N1322.36 recorded in May 2024 to 2,021.55 in June 2024.

On state profile analysis, the report showed that in June 2024, the highest average price of one kilogramme of brown beans was recorded in Kogi at N3,006.43, while the lowest was recorded in Adamawa at N 1,336.11.

It said that Abuja recorded the highest average price of one kilogramme of tomato at N3,992.61, while the lowest was recorded in Kebbi at N1,200.

The NBS said that the highest average price of one kilogramme of yam tuber was in Lagos at N3,376.54, while the lowest price was in Adamawa at N1,100.

According to the report, Gombe recorded the highest average price of one kilogramme of white garri at N1,619.27, while the lowest was reported in Taraba at N900.

Analysis by zone showed that the average price of one kilogramme of brown beans was highest in the North-Central at N 2,923.45, followed by the South-South at N 2,630.03.

The lowest price was recorded in the North-West at N1,647.03. The South-West and South-East recorded the highest average price of one kilogramme of tomatoes at N3,261.84 and N2,852.59, respectively, while the lowest price was in the North-West at N1,411.16.

The report said that the South-West recorded the highest average price of 1kg of yam tuber at N2,745.80, followed by the North-Central at N2,440.35, while the North-West recorded the lowest price at N1,238.49.

The NBS also said that the South-West and the North-East recorded the highest average price of 1kg of white garri at N1,199.62 and N1,155.63, respectively.

The North-Central recorded the lowest price of one kilogramme of white garri at N1,055.87.

To address the incessant increase in food prices and ensure food security, the federal government recently granted a 150-day duty-free import window for food commodities.

The suspended duty tariffs and taxes will be on importing certain food items across the land and sea borders, including maize, cowpeas, wheat, and husked brown rice.

However, experts have suggested more sustainable measures, such as addressing the issue of insecurity, foreign exchange and transportation costs to address the soaring food prices and ensure food security.

(NAN)

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