Saturday, November 23, 2024

Food Prices Drop In Yobe, Borno, Adamawa As Harvest Season Begins

A significant drop in food prices has been recorded in major towns across Yobe, Borno, and Adamawa states, bringing relief to consumers.

The prices of perishable items like tomatoes, peppers, and okra have fallen by up to 50% due to the arrival of new harvests.

In Yobe, a big basket of tomatoes now costs N40,000, down from N120,000, while a small basket of peppers sells for N18,000, previously N75,000. Okra prices have also halved, from N50,000 to N25,000.

READ MORE: PDP Leads In Bauchi LG Polls, APC Demands Cancellation, Alleges Result Robbery.

However, onion prices have increased, with a bag now costing N50,000, up from N28,000 to N30,000.

Yam prices have skyrocketed in some areas, with two small tubers now costing N4,000, up from N1,500.

Farmers attribute the price drop to the new harvests, while yam sellers blame the shortage of supply and high transportation costs.

The All Farmers Association of Nigeria has called on the government to support farmers with capital to establish storage facilities to boost productivity and income.

In Borno and Adamawa, prices of perishable goods have also fallen, but grain prices remain high, with harvests expected to commence in October.

The Nigeria Small Scale Industrialists has noted that grain prices will likely remain high until the harvest season begins.

Hot this week

Ondo Election 2024: Aiyedatiwa Secures Landslide Victory, Winning All 18 LGAs in Ondo

The Independent National Electoral Commission (INEC) has declared Mr....

Tinubu Arrives in Brazil for G20 Summit, Focused on Global Challenges and Economic Reforms

President Bola Tinubu has arrived in Rio de Janeiro,...

Experts Raise Alarm Over Health Risks of GMOs in Nigeria

Experts have raised significant concerns about the health risks...

Elon Musk Named 2024 Top Partner Of Rhapsody Of Realities At IPPC Conference

In an unprecedented move, Elon Musk, CEO of X...

MTN Powers Nigeria’s Economy, Contributing 7% to GDP, Says CEO Karl Toriola

MTN Nigeria’s pivotal role in shaping the nation’s economy...

The Physiology of Transformative Leadership and Its Impact on a Failing Nation

Kingsley Enwelim Nwanze In an era marked by rapid change...

Sanwo-Olu’s N3tn ‘Budget of Sustainability’ Targets Infrastructure, Education, and Social Inclusion

Lagos State Governor Babajide Sanwo-Olu has presented an unprecedented...

African Union Secures Key Wins at Brazil-Led G20 Summit

The African Union (AU) celebrated significant progress at the...

3,759 Weekly Cyber-Attacks Highlight Urgent Need for Nigeria’s Cyber Defense

Nigerian organisations are grappling with a cyber-attack crisis, facing...

Kenyan President Demands Justice for Femicide Victims, Calls for Gender Equality

President William Ruto has issued an urgent call for...

Policy Reforms Could Unlock Nigeria’s Furniture and Textile Goldmine – Shina Peller

Nigeria’s furniture and textile sectors hold untapped potential to...

Simon Ekpa Arrested in Finland, Accused of Inciting Violence in Nigeria

Simon Ekpa, a divisive pro-Biafra activist, has been arrested...
spot_img

Related Articles

Popular Categories