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Foodstuffs Prices Escalate As Ramadan Approaches – Survey

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As the Ramadan fast starts today,  the prices of foodstuffs and other essential commodities have escalated in most markets across the country, according to a national survey conducted by our correspondent.

The Tide correspondents, who monitored market prices in some state capitals, report that the prices of foodstuffs and other essential commodities, such as fruits, vegetables, eggs and beverages that are in high demand during the Ramadan fast had soared.

Traders attributed some of the reasons for the hike in price to the Ramadan fast, the increase in the minimum wage of workers, high cost of transportation and increase in the cost of diesel, amongst others.

The Tide’s source in Birnin Kebbi the Kebbi capital, who visited some markets in the town, reports that the prices of rice, beans, fruits, beverages, cooking oil had gone up.

Some traders in the market visited, attributed the rising cost of fruits to “high demand during the Ramadan fast, increase in the minimum wage of workers, in addition to personal costs incurred by retailers from suppliers”.

The survey in some markets in Kebbi showed that the prices of a bag of the various brands of imported rice had gone up to between N9,500 and N10,000 as against the former price of between N7,500 and N8,000 some days ago.

Similarly, a bag of beans, which formerly sold for between N6,500 and N7,000 had also increased to N8,000.

The price of fruits like oranges, pineapples and banana had also witnessed increases with a bag of oranges being sold for between N7,000 and N7,500 from N4,000 and N5,000 some few days ago.

A big bunch of banana is sold for between N700 and N1,000, while the price of water melon remained fairly stable at between N150 and N200.

Malam Muhammadu Bala, who deals on fruits in Kara market in Birnin Kebbi metropolis, attributed the rising cost of fruits to “the Ramadan fast, increase in the minimum wage of workers, in addition to personal costs incurred by retailers”.

The survey also showed that the price of perishable goods like tomatoes had gone up with a big basket of the commodity selling for between N9,500 and N12,000 as against the former price of between N8,500 and N9,000.

An Islamic scholar in Birnin Kebbi, Sheikh Abubakar Giro, who decried the high cost of foodstuff at the start of the Ramadan period, appealed to traders to shun the craze to make quick money during the period.

The Tide correspondent in Onitsha, Anambra, reports that prices of imported food items like rice, frozen fish, and vegetable oil moved up by 10 per cent during the last few days.

The cost of frozen fish had increased with a medium sized fish selling for between N250 and N350 as against the former price of between N130 and N180.

Ten litres of foreign vegetable oil, which formerly sold for between N2,800 and N3,000 is now selling for between N3,500 and N4,000 depending on the brand, while a bag of big brown beans is now being sold for N17, 200 as against the former price of N15,000.

The prices of fruits such as oranges, water melon and cucumber had also witnessed increases.

Like in the other states visited, the prices of foodstuffs like rice and essential commodities like eggs, milk, sugar, onions and fruits had increased in Gombe State.

Malam Muhammad Sanusi, who deals on provision in the state capital, told our source that 50 kg bag of foreign rice now cost N10,000 as against the former price of N8,500 while the price of a crate of eggs has increased from N700 to N800.

A tomato seller, Malam Buba Muhammadu, said the price of a basket of tomatoes had gone up to N7,000 as against the old price of between N6,000 and N6,500.

Sanusi attributed the hike in the cost of these items to the Ramadan fast and the N18,000 new minimum wage for workers.

Malam Abdulkarim Ahmed, Chairman, Fruit Sellers Association in Gombe, told our correspondent that the price of a bag of oranges had gone up from N5,000 to N7,000.

He said that the same apply for the other fruits such as mangoes, pineapples, water melon, banana, apple and cucumber.

Our source in Kano State reports that while the prices of fruits such as oranges, banana and water melon had slightly appreciated, the price of grains was either stable or had slightly reduced.

He said that one orange sell for between N20 and N30 as against the fornmer price of N10 to N15, while a bunch of banana sell for between N400 and N450, depending on the type and size.

However, unlike fruits, the price of grains had either remained stable or gone down in Kano. At Dawanau grains market and Kwanar Singer market in the ancient city, a measure of beans still sell for between N270 and N300, depending on the type.

The price of millet, sorghum and maize had stabilised at N150 per measure, while the price of sugar, a commodity in high demand during the fasting period, had reduced from N720 to N600 per measure and N8,000 per bag, as against N10,000.

From Uyo Akwa Ibom capital, the survey showed that the price of foodstuff had generally witnessed slight increases.

However, traders in Uyo, who spoke on the issue, said the price hike was not as a result of the Ramadan fast, but due to the introduction of the new minimum wage and increases in the cost of transportation

At Akpan Andem Entrepreneurial market in Uyo, the survey showed that the price of rice had gone up by six per cent.

Mr Udoh Obot, who deals on rice in the market, told our reporterthat the price of 50 kg bag of Stallion rice is now selling for N8,000 as against the old price of N7,500.

He said that the 100 kg bag of brown beans sell for N17,000 as against N15,500 two months ago.

Similarly, the price of beverages had escalated in Uyo with a 450g of dry peak milk selling for N700 as against the old price of between N600 and N650.

Emem Udofia, a sales girl in the market, said a tin of 450g of Bournvita sell for N550 while Ovaltine of the same quantity sell for N650 while a packet of St Louis sugar goes for N220 instead of N200 a month ago.

Udofia attributed the reasons for the price hike to the N18,000 new minimum wage for workers announced by the Federal Government.

“Since the government has increased the income of workers, we traders have no choice, but to increase the cost of our goods to meet with other expenses,” she said.

From Auchi in Edo, the survey showed that the while the price of rice and fish had gone up, those of other staple had remain relatively stable.

For instance, the price of a 50 kg bag of the various brands of rice had jumped from N6,500 to N7,500, while the price of fish also increased.

Mrs Mariamu Alasa, who sells fish in Auchi, told our source that the price of 20 kg carton of Sabina fish had increased from N4,500 last week to N5,000.

She attributed the hike to increase in the price of diesel and transportation.

“We only sell as we buy and like they told us in the cold room where we buy, the high cost of diesel is responsible for the price increase,” she said, adding that the price may increase further as the Ramadan fast approaches.

The survey also showed that the prices of tomatoes and onions had increased astronomically in Auchi and is expected to further increase as the fasting period approaches.

For instance, a basket of Hausa tomatoes had gone up by N2,000 within the last two weeks with tomatoes selling for N6,000, as against the former price of N4,000, while the price of a bag of onions had gone up to N8,000 from N7,000.

Mrs Akpete Osakwe, who sells tomatoes at Auchi market, attributed the increase to scarcity since tomatoes and onions were not harvested during the rainy season.

Meanwhile, some residents of Port Harcourt, the River capital, had expressed concern over the daily hike in the cost of foodstuffs and other essential commodities in the Garden City.

“If things continue this way, it will be extremely difficult for the unemployed to survive in Port Harcourt in the nearest future,” Mr Owus Ibinabo, one of the concerned residents, told The Tide’s source.

Mrs Ann Johnson another resident of the city, lamented that the since the introduction of the new minimum wage, the cost of food items and other commodities had sky rocketed in the city.

“The cost of commodities like sardine, maggi, onions, spices and other foodstuff have sky rocketed since traders heard of the minimum wage,” she said.

Worried by this daily increases, Mrs Ngozi Telema, who resides in the city, urged the government to intervene by setting up price control mechanism to avert “this indiscriminate hike in the prices of commodities”.

From Abakaliki in Ebonyi, the survey showed that the price of rams and other items had also increased with an average sized ram, which cost N13,000 some few weeks ago, now selling for N15,000, while the cost of a big ram jumped from N18,000 to N20,000.

Eight gallons of rice, which sold for N2, 500 had attracted additional N300, while a bag of beans had increased from N10,000 to N12, 000.

The price of a gallon of red oil has jumped from N4,400 to N5,000, while a gallon of groundnut oil increased to N4,700 from N4,400.

Mr Chukwudi Ibeh, a trader at Abakpa Main Market in Abakaliki, attributed the increase in prices of the commodities to the “harsh economic condition in the country”.

“Ebonyi like other Southern states of the country is dominated by Christians, so the Ramadan fast will not have much effect on the prices of goods in these states.

“The increases are due to the harsh economic condition in the country, which has led to inflation,” he said.

Ilorin the Kwara capital is not left out in escalating cost of food items and other essential commodities as the Ramadan fast draws nearer.

The survey showed that the cost of foodstuffs like rice, beans, semovita, yam and other ingredients had gone up in the town with a bag of Semovita selling for N1,700 instead of N1,450.

A food stuff seller, at Ipata market, Mrs Florence Adeoti, attributed the hike to the forthcoming Ramadan fast.

Mrs Memunat Yahaya-Mohammed, a house wife, who bemoaned the increases in the cost of food foodstuffs, said she could no longer maintain the food needs of her family of three.

She pleaded with the government to revive the Price Control Board to check the activities of shylock food sellers in order to make food affordable.

Unlike in most states in the country which recorded increases in the cost of foodstuffs and other commodities, the survey showed that the price of foodstuffs and other essential commodities had remained stable Damaturu, the Yobe capital.

For instance, the price of 50 kg bag of foreign rice had not changed from N8,000, millet still stands at N5,000 per a 100 kilogramme, while a bag of sugar still sell for N9,500.

Meanwhile, scarcity of tomatoes, pepper and fruits in Damaturu had led to the increase in their prices beyond the reach of the common man.

Malam Muhammadu Danfulani, a vegetable dealer on Gashua road told NAN that cost of the tomatoes and pepper sold in the state were from Plateau and Benue states.

“They (vegetables) are only scarce, but the money expended on transporting them to Yobe is very expensive,’’ he said, adding, “the multiple tax paid on these commodities have also increased their prices.”

Muhammadu expressed fears that the situation may get worse during the Ramadan fast period when the demand for the vegetables would become high.

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Ban On Satchet Alcoholic Drinks: FG To Loss  N2trillion, says FOBTOB

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Ahead the December 31 effective date for enforcement of the ban on alcoholic drinks and beverages in PET or glass bottles below 200ml, the Food, Beverage, and Tobacco Senior Staff Association (FOBTOB) has warned that Nigeria risks losing more than N2 trillion in investments.
The union urged the federal government to reverse the planned ban, cautioning that the Senate’s directive to the National Agency for Food and Drug Administration and Control (NAFDAC) would trigger severe socioeconomic consequences across the industry.
Speaking at a Press Conference, in Lagos, the President of FOBTOB, Jimoh Oyibo, said repealing the directive would prevent massive job losses and protect the country from economic disruption.
“Repealing the order would avert the grave repercussions that would most definitely follow the ban, especially by saving approximately 5.5 million jobs, both direct and indirect,” he said.
Oyibo appealed to the Senate to invite stakeholders to a public hearing, insisting that all parties must be allowed to present their positions before any decision is made.
“For a fair hearing and to demonstrate good faith, the Senate should invite relevant stakeholders to a Public Hearing to ‘hear the other side’ and be adequately informed to make an informed decision,” he said.
The union leader urged the Senate to carefully review and endorse the validated National Alcohol Policy, describing it as a multi-sectoral framework developed after last year’s public hearing, when the initial call for the ban was raised.
He urged the lawmakers to consider the entire value chain in the alcoholic beverage industry, including formal and informal workers and legitimate local manufacturers, before approving any enforcement.
Highlighting the economic implications, Oyibo said close to N2 trillion invested in machinery and raw materials could be wasted, while over 500,000 direct workers and an estimated five million indirect workers, including suppliers, distributors, marketers, and logistics operators, could lose their livelihoods.
He said “Nearly N2 trillion worth of investments in machinery and raw materials could be lost. Indigenous Nigerian manufacturers risk total collapse, discouraging future investments.
“Smuggling and the circulation of unregulated alcoholic products may skyrocket, worsening public health dangers. Government tax revenue could decline sharply as factories shut down or scale back operations.
“With rising unemployment and no safety nets, this ban will plunge families into poverty. The very children the policy claims to protect may be forced out of school if their parents lose their jobs”.
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Estate Developer Harps On Real Estate investment 

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A  Canadian based Nigerian Estate  Developer, Andrew Enofie, has said that diversification of investment into the real  estate sector remains the key to business sustainability.
Enofie said this during the launch of The Golden Gate investments, in Port Harcourt, recently.
He said  real estate sector has always remain stable during period of  inflations, adding that diversification into the sector would ensure that businesses never loose out during such periods.
He also called on Nigerian businessmen to put their money into the Canadian estate industry with the view to reaping maximum benefit.
According to him, Canada  has one of the lowest inflation rate in the world and Nigerian businessmen can reap benefits by putting their monies into the Canadian estate sector.
Enofie said his company, with many years of experience in the real estate sector, can assist Nigerian businessmen with the quest  to acquire property in Canada.
According to him, investors have more opportunities to diversify their funds, saying “it also open doors for investors to invest in the Canadian real estate market.
“With the launch of this fund, we are strategically positioned to navigate current market dynamics,r3 rising demand, shifting rates and evolving economic trends, while focusing on sustainable growth”, he said.
Also speaking, an investor, Mike Ifeanyi, also called on investors to invest in real estate.
He commended the company for its pledged to assist Nigerian businessmen willing to invest in Canada, but added that the whole thing must be transparently done inorder to avoid fraud.
Also speaking, Chukwudi Kelvin, yet another investor, described the event as an eye opener, stressing that time has come for Nigerian investors to go into the Canadian estate sector.
By: John Bibor,/Isaiah Blessing/Umunakwe Ebere/Afini Awajiokikpom
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FG Reaffirms Nigeria-First Policy To Boost Local Industry, Expand Non-oil Exports

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The Federal Government has reaffirmed its continued commitment to driving Nigeria-First policy aimed at encouraging local manufacturers and improving the economy through the non-export sector.
This is as the National Assembly has revealed that a bill for establishing a Weights and Measures Centre is advancing.
Delivering the keynote address at the Opening Ceremony of the 2025 Nigerian International Trade Fair, in  Lagos, Minister of Industry, Trade and Investment, (FMITI), Dr. Jumoke Oduwole, said that government would continue to promote locally made goods.
Oduwole stated that the fair was not only an opportunity to showcase the best of Nigerian products but ensuring that the country continues to accelerate its non-oil exports under the Renewed Hope Agenda.
The minister noted that the government’s reforms are working and demands a lot of support from all stakeholders.
In her words, “Already, our non-oil exports have grown by 14 per cent. Our exports to the rest of Africa was the fastest growing at 24 per cent last year Q1, year-on-year, CBN released the results at the end of Q1.
“Now, this shows us that our goods are in demand across Africa. Earlier this year, the Federal Ministry of Industry, Trade and Investment opened an air cargo corridor in partnership with Uganda Air, and we mapped 13 Southern and Eastern African countries who want Nigerian products. We understood that they want our fashion, they want our light manufacturing, our food, our snacks, plantain chips, chin chin.
“They also want our zobo, our shea butter, beauty products. The things we take for granted here, our slippers, our hair wigs, are things that are in demand across the continent. And so we’re here to support our Nigerian exhibitors and to welcome our friends across Africa and across the world.
“Exhibitors, buyers who are interested in purchasing, we’re interested in growing these businesses. So a business that is a small business this year should be a medium-sized business in the next five years. Each trade fair has its uses, each trade fair has its conveners, and really, to be honest, there cannot be too many.
“This trade fair, traditionally, has been the largest in the country, and we want to bring it back to its former glory. There’s nothing like a competition.
On her part, the Executive Director, Lagos International Trade Fair Complex Management Board, Vera Safiya Ndanusa, said the board would, in the coming months, champion structured and modernised regulatory frameworks for trade fairs and exhibitions.
She stressed that reviving the Tafawa Balewa Complex was part of a broader mission to strengthen confidence in the nation’s trade infrastructure, while stimulating industrial activity and showcasing the enormous potential of the nation’s citizens.
“Most importantly, we remain the only agency in Nigeria expressly mandated by law to organise trade fairs, and we intend to restore that statutory responsibility to the prominence it deserves ensuring coherence, quality, and national alignment in trade events across the country.
“We will be deepening our engagement with NACCIMA, whose partnership has historically anchored the success of organised trade in Nigeria, while also strengthening ties with ECOWAS, continental business groups, and international partners who share our vision for a more integrated African marketplace.
“In the coming months, we will champion a more structured and modernised regulatory framework for trade fairs and exhibitions, one that protects stakeholders, ensures standards, and positions Nigeria as a credible and well organised destination for regional and continental commerce”, she stated.
She noted that as Africa embraces the promise of the African Continental Free Trade Area, a new momentum was building across the continent.
“For Nigeria, AfCFTA is not just an economic framework; it is a pathway to industrialisation, job creation, and intra-African collaboration.
“This complex must play a central role in that journey. We intend to make this fairground a primary entry point for African trade, a marketplace where producers and buyers from across the continent meet, a logistics hub connected to regional value chains, a centre for cross-border SME activity, and a launchpad for Nigerian businesses looking to expand beyond our borders.
“To achieve this, we are intentionally expanding access to markets physically, economically, and digitally. We are working to make participation more affordable for SMEs, women-led enterprises, and young entrepreneurs. We are improving mobility within and around the complex. A truly vibrant trade ecosystem must be inclusive, and inclusivity begins with access,” she stated.
Chairman, House Committee on Commerce, Ahmed Munir, commended Ministry of Industry Trade and Investment, ED LITF and her team, for promoting the platform as a veritable marketplace of ideas, innovation, and partnership.
He said the event was a clear reflection of the economic agenda of the current administration, supported by Speaker Rt. Hon.Abbas Tajudeen.
According to him, “The House of Representatives recognises that the engine of our economy is the private sector, particularly our Micro, Small, and Medium Enterprises (MSMEs), which contribute nearly 50 per cent to our GDP and employ the vast majority of our citizens.
“To create the competitive environment they need, the National Assembly has been working assiduously to pass and amend vital legislation to enhance the Ease of Doing Business by Streamlining regulatory bottlenecks and reinforcing essential infrastructure to make business operations simpler and more predictable.”
He stressed that as policy makers they would continue to promote the “Nigeria First” Policy through robust legislative support, ensuring that government ministries and agencies prioritise locally manufactured goods in all public procurement processes. “This is our clear statement: We must buy Nigerian to build Nigeria.
“Also to ensure quality and standards, the bill for establishing a Weights and Measures Centre is advancing. Quality is not optional; rather, it is the key to consumer trust and international competitiveness,” he said.
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