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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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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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Customs Impound N2.35bn Cocaine, 15 Trailers of Rice

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The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.
This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,
Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.
According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).
He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.
Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.
“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”
Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.
“It may surprise you to know that many homes are broken due to drugs.
” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.
Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.
The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.
Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.
 The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.
In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.
Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.
 Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.
Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.
CHINEDU WOSU
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Dangote,  Nicolai Tangen To Partner In strategic sectors

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Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.
This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote  with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.
Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.
The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.
Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.
Nkpemenyie Mcdominic, Lagos
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