L
LequteMan
Guest
Following the fuel scarcity situation in the country and the shortage of dollars, the price of food and foodstuff have increased by an average of 50%, Punch reports.
In some Lagos markets visited by our correspondent, including Oyingbo, Iddo, Mile 12, Alade and Ipodo, prices of some food items like tomato puree, rice, vegetable oil and seasoning had increased substantially.
At the Ipodo Market, a carton of Indomie was sold for N1,500 as against the former price of N1,000; a retail pack of Gino tomato puree(70gm), formerly offered at N1,250, went for N2,700, while a five-litre keg of vegetable oil previously sold for N1,800 was offered for N2,500.
Similarly, the price of a small bag of Semovita, which before now was N900, has gone up to N1,500. The big one is also selling for N2,400 instead of N1,800.
The price increase has extended to rice, which now sells for N17,000 a bag instead of N15,000 a few months back.
Read full report
In some Lagos markets visited by our correspondent, including Oyingbo, Iddo, Mile 12, Alade and Ipodo, prices of some food items like tomato puree, rice, vegetable oil and seasoning had increased substantially.
At the Ipodo Market, a carton of Indomie was sold for N1,500 as against the former price of N1,000; a retail pack of Gino tomato puree(70gm), formerly offered at N1,250, went for N2,700, while a five-litre keg of vegetable oil previously sold for N1,800 was offered for N2,500.
Similarly, the price of a small bag of Semovita, which before now was N900, has gone up to N1,500. The big one is also selling for N2,400 instead of N1,800.
The price increase has extended to rice, which now sells for N17,000 a bag instead of N15,000 a few months back.
Read full report
