Connect with us

Agriculture

Food Prices Continue to Rise in May- NBS

Published

on

Share

The National Bureau of Statistics (NBS) says prices of food items such as tomatoes, rice, and yams witnessed increases in May.

It made the declaration in its Selected Food Prices Watch Report for May issued in Abuja on Tuesday.

The report stated that the average price of 1kg of tomato on a year-on-year basis rose by 17.

68 per cent from N423.
48 in May 2022 to N498.
34 in May 2023.

“On a month-on-month basis, 1kg of tomato increased by 2.73 per cent in May from the N485.10 recorded in April 2023.”

It said that the average price of 1kg of local rice (sold loose) increased by 24.06 per cent on a year-on-year basis, from N447.51 in May 2022 to N555.18 in May 2023.

“On a month-on-month basis, it increased by 1.54 per cent in May from the N546.76 recorded in April 2023. ”

Similarly, the report stated that the average price of 1kg yam tuber increased by 22.84 per cent on a year-on-year basis from N372.23 in May 2022 to N457.25 in May 2023.

“On a month-on-month basis, 1kg yam tuber increased by 2.83 per cent from the N444.69 recorded in April 2023.”

The NBS said the average price of 1kg of Onion bulb rose by 17.12 per cent on a year-on-year basis from N387.53 in May 2022 to N453.86 in May 2023.

“On a month-on-month basis, the price increased by 2.83 per cent in May from the N441.38 recorded in April 2023,” the NBS added.

The report stated that the average price of 1kg of boneless beef increased by 24.19 per cent from N2,029.59 recorded in May 2022 to N2,520.52 in May 2023.

“On a month-on-month basis, 1kg of boneless beef increased by 1.00 per cent per cent in May from N2,495.69 recorded in April 2023,’’ it added.

On state profile analysis, the report showed that the highest average price of 1kg of tomato was recorded in Edo at N957.95, while the lowest was recorded in Kogi at N215.43.

It stated that Ondo recorded the highest price of 1kg of local rice (sold loose) at N724.81, while Jigawa recorded the lowest price at N369.09.

The report stated that Cross River recorded the highest average price of 1kg of onion bulb at N960.82, while the lowest price was recorded in Katsina at N334.21.

The NBS said the highest average price of 1kg of yam tuber was recorded in Akwa Ibom at N924.17, while the lowest price was recorded in Benue at N214.79.

In addition, the highest average price of 1kg of boneless beef was recorded in Imo state at N3,475.04, while the lowest was recorded in Kogi at N1,790.14.

Analysis by zone showed that the average price of 1kg of tomato was highest in the South-South and South-East at N866.36 and N665.68 respectively, while the lowest price was recorded in the North-East at N276.64.

The South-South recorded the highest average price of 1kg of local rice (sold loose) at N654.00, followed by the South-West at N619.24, while the lowest price was recorded in the North-West at N477.06.

The report stated that the average price of 1kg of onion bulb was highest in the South-South at N687.01, followed by the South-East at N649.45, while the North-East recorded the lowest price at N261.39.

It said the South-West recorded the highest average price of 1kg of yam tuber at N632.60, followed by the South-East at N600.74, while the North-East recorded the lowest price at N229.45.

The report said the average price of 1kg of boneless beef was highest in the South-East at N3,278.98, followed by the South-South at N2,699.04.

“The lowest price was recorded in the North-Central at N2,131.78,” the NBS stated. (NAN)

Agriculture

Kwara Partners Agri Firm to Tackle Post-harvest Losses

Published

on

Share

The Kwara Government has partnered Olam Agri to curb post-harvest losses and boost farmers’ profitability across the state.

The development is contained in a statement issued on Sunday in Ilorin by Ashaolu Omotola, Press Secretary, Ministry of Agriculture.

The agreement was signed by Agriculture Commissioner, Dr Afees Alabi, and Olam Agri’s Vice President for Procurement, Noel Ferrao.

Alabi described post-harvest losses as a major constraint on farmers’ incomes and overall agricultural efficiency in the state.

He stressed the need for improved storage systems, describing them as practical tools to preserve produce and reduce avoidable waste.

The commissioner said activating storage facilities would improve preservation, support aggregation, and help farmers secure better market opportunities through flexible selling timelines.

Alabi reaffirmed the government’s commitment to strengthening agricultural support across the 16 local government areas, noting the initiative would directly benefit thousands of farmers.

“The engagement reflects the government’s focus on strengthening infrastructure, deepening private sector collaboration, and improving efficiency for long-term food security and rural development,” he said.

Ferrao said Olam Agri aimed to collaborate with the Federal Ministry of Agriculture, Kwara government, development agencies, and financial institutions.

He noted the partnership would deliver sustainable maize and soyabean outgrower programmes, providing inputs, training on best practices, and timely market access.

According to him, Olam Agri already operates a similar soyabean partnership and plans to expand with another programme this farming season.

Continue Reading

Agriculture

Frozen Food Sellers Decry Poor Electricity Supply, Fuel Price Hike

Published

on

Share

Unstable electricity supply and rising fuel prices are placing significant strain on frozen food businesses in Lagos, as traders struggle to cope with higher operating costs and reduced customer patronage.

The traders, who spoke with in separate interviews on Wednesday, said the combined effect of unstable power supply and expensive fuel had increased their operating costs and reduced profit margins.

Frozen food businesses rely heavily on constant electricity to preserve items such as chicken, turkey, fish, and other perishable products.

However, irregular power supply has forced traders to depend on generators, which run on fuel, thereby increasing operational expenses.

There has been a nationwide drop in power generation due to insufficient gas supply.

Consequently, the country’s power sector, largely dependent on gas-fired plants, has been hit by disruptions in gas supply worsened by pipeline maintenance challenges and liquidity constraints.

Chika Oluehi, owner of Chika Frozen Foods at Ijora-Olopa, said he now factors electricity and fuel costs into his pricing to remain in business.

“Before now, a carton of turkey sold for about N85,000, but it now goes for between N105,000 and N110,000.

“A carton of chicken that used to sell for about N39,000 to N41,000, now sells for N46,000. We have to calculate our margins carefully to avoid losses,” he said.

Oluehi added that storage capacity determines how traders cope with electricity challenges.

“Suspending my frozen food business is not an option for me because of my storage facilities.

 “When there is no electricity, we use fuel to power generators, but the generator does not fully carry the freezer. It only chills it and does not completely prevent spoilage,” he said.

Oluehi added that he had resorted to alternative energy sources to reduce losses.

“Where I live, I sometimes have light, and I also use a solar freezer. It helps, but it still depends on electricity, so it is not a complete solution,” he said.

According to him, the rising cost of fuel also affects the transportation of frozen foods from suppliers to markets.

“When fuel prices go up and there is no power, we spend more transporting these frozen foods.

“Once fuel increases, prices automatically rise, and customers cannot buy as much as they used to.

“Imagine having 10 customers and five stop buying, while the remaining five reduce the quantity they purchase. The business will eventually suffer,” he said.

Another trader, Mojisola Kazeem of MJ Frozen Foods in Surulere, said she had temporarily halted selling frozen items due to the cost of fuel and electricity.

“I had to pause it. I cannot cope with the electricity situation and the cost of fuel.

“Hopefully, when things return to normal, I can pick up from where I stopped,” she said.

Similarly, a fish seller in Mushin, Bose Adeyemi, said she now reduces the quantity she stocks to avoid spoilage.

“Without steady electricity, keeping large quantities is risky. If light goes off and fuel is expensive, you may lose everything.

“I now buy in small quantities even though it reduces profit,” she said.

A cold-room operator in Agege, Sulaiman Adebayo, said many traders now share storage space to cut electricity costs.

“Some traders cannot afford to run generators alone, so they rent space in cold rooms. But even cold-room owners are increasing prices because of fuel,” he said.

Adebayo noted that the situation had reduced customer patronage.

“Customers complain that frozen foods are too expensive. Many now buy smaller portions, and some switch to alternatives,” he said.

Yetunde Afolabi, a soft drink seller at Yaba Market, said poor electricity supply had affected her sales because customers prefer chilled drinks.

“People will not buy soft drinks when they are hot. Once there is no light, the drinks lose their chill, and customers walk away.

“Some of them even open the cooler, check the bottle, and drop it back when it is not cold enough.

“I spend money on fuel to run my generator, but I cannot keep it on all day because fuel is expensive. When I switch it off, the drinks become warm, and I lose sales,” she said.

Continue Reading

Agriculture

FG Seeks Partnerships to Transform Correctional Farms Into Productive Agricultural Hubs

Published

on

Share

The Federal Government has called for more partnerships with private sector operators in the transformation of the Correctional Farm Centres into highly productive agricultural hubs.

Minister of Interior Dr. Olubunmi Tunji-Ojo, stated yesterday in Abuja at a stakeholder dialogue on Optimising Correctional Farm Centres and Public-Private Partnership (PPP) Pathways for Inmate Reformation, organised by Hope Behind Bars Africa (HBBA), in collaboration with the Nigerian Correctional Service, with funding support from the European Union/International IDEA.

Tunji Ojo, represented by the Permanent Secretary, Federal Ministry of Interior, Dr.

Magdalene Ajani said these partnerships are the engines that would drive the scale of change needed, modernise infrastructure, and enrich rehabilitation programmes in the Nigerian Correctional Service (NCS).

He said: “It is an undeniable reality that government resources alone cannot fully unlock the vast potential lying dormant within our correctional system.

“The chest scale of the vision we hold calls for a synergy of strength. This is where the Public Private Partnership (PPP) transitions from being a mere policy option to an indispensable strategic imperative.

“PPP is a powerful vehicle for sustaining development, allowing us to fuel government policy, leadership, and oversight with the private sector’s innovation, operational efficiency, and capital. When structured with intention and integrity, these partnerships create shared values.

“Nigeria is a nation blessed with immense agricultural potential; our correctional farm centres can and should be transformed into highly productive agricultural hubs.”

In her opening remarks, Funke Adeoye, Executive Director, Hope Behind Bars Africa (HBBA), said through one of the projects of the organisation-Farming Justice Project, that HBBA has been working to reposition correctional farm centres as structured, rehabilitation-focused agricultural hubs that contribute to food security within and outside prison while strengthening correctional productivity and reintegration outcomes.

Adeoye pointed out that her organisation has integrated reformation with agriculture to achieve multiple outcomes, such as addressing food insecurity within custodial centres, equipping inmates with practical skills, and reducing reoffending, which remains at the heart of the criminal justice system’s purpose.

Commenting on the implementation of the Farming Justice Project, she said, “We are currently working across multiple custodial centres, including Dukpa Custodial Centre, Kuje Custodial Centre, Kirikiri Female Custodial Centre, and Oko Custodial Centre.

“Within these facilities, residents are actively engaged in structured mind-reformation training, covering behavioural change, financial literacy, crop cultivation, and the cultivation of second chances.

“They are also participating in structured agricultural production, growing crops such as pepper, okra, watermelon, ugu, green pepper, and sweet corn.

“We have established fish ponds, the latest of which is at Kuje Custodial Centre.

“To date, the project has reached direct beneficiaries across multiple centres: in Edo State, 95 residents and 5 officers; in Abuja, 222 residents and 18 officers; and in Lagos, 448 individuals.

“Beyond these direct participants, the indirect impact is even more remarkable; families, local communities and supply chains are all experiencing the ripple effects of increased food production, skill transfer, and entrepreneurship.”

She disclosed that the goal of the project is to transform correctional agriculture from an under-utilised function into a structured pathway for rehabilitation, reintegration, and national development.

Adeoye, therefore, reiterated the need for partnerships that would drive innovative solutions, transform lives, and help in the realisation of the true essence of the correctional system.

In his welcome address, Sylvester Ndidi Nwakuche, Controller General, Nigerian Correctional Service (NCS), said the NCS currently operates 18 farm centres and 10 cottage industries, covering a total landmass of approximately 10,000 hectares across the country.

Nwakuche said the Service runs 12 agricultural projects, five piggery projects, nine fishery projects, and 11 poultry projects across its facilities in Nigeria.

He said: “These activities are not only vital for supporting inmate welfare and contributing to food production, but also serve as a practical platform for skills acquisition and vocational training.

“By aligning our programmes with market realities, we can ensure that inmates acquire relevant employable skills that will enable them to reintegrate successfully into society upon release.”

Continue Reading

Advertisement

Top Stories

DEFENCE1 day ago

Nigerian Military Reports Major Gains in Nationwide Anti-Terror Operations

ShareBy David Torough, Abuja The Armed Forces of Nigeria has announced significant operational successes in its ongoing counter-terrorism and anti-crime...

NEWS1 day ago

Group trains 50 girls on Menstrual hygiene, skill acquisition etc

ShareBy Laide Akinboade, Abuja An expert in education, has urged adolescents girls in Abuja, to ensure they acquire vocational Skills...

POLITICS1 day ago

SDP Leader, Adebayo Urges Nigeria to Reconnect With Independence-era Ideals at Stakeholders’ Summit

ShareBy Mike Odiakose, Abuja The national leadership and former presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo,...

NEWS1 day ago

Ododo Flags Off 728 Government-owned Renovated Public Schools in Kogi

ShareFrom Joseph Amedu, Lokoja Kogi state Governor, Usman Ododo has launched the renovation of 728 Government-owned Public Schools under the Adolescent Girls Initiative for Learning...

SPORTS1 day ago

Super Eagles Set for Poland, Portugal Friendlies Ahead of World Cup

ShareThe Super Eagles will face Poland and Portugal in international friendlies in June as part of preparations for upcoming global competitions, the Nigeria Football...

Foreign News1 day ago

Iran Threatens U.S, Israel with Harsher Attacks

ShareIran has warned the United States (U.S.) and Israel that it would launch further and more severe attacks, escalating tensions amid ongoing hostilities. A spokesman for...

Metro2 days ago

EFCC Seeks Final Forfeiture of 57 Properties Linked to Malami

ShareThe Economic and Financial Crimes Commission, on Thursday, urged the Federal High Court in Abuja to order the permanent forfeiture...

DEFENCE2 days ago

Easter: NSCDC Deploys 57,000 Personnel Nationwide

ShareThe Nigeria Security and Civil Defence Corps (NSCDC) has deployed 57,000 operatives nationwide to ensure security of lives and property...

NEWS2 days ago

NSIA Grows Net Asset Value to $3.40bn in 2025

ShareBy Tony Obiechina, Abuja Nigeria Sovereign Investment Authority(NSIA) has announced its 2025 Group Financial Performance posting a net Asset value...

NEWS2 days ago

ADC, APC Clash over INEC Role as Leadership Crisis Deepens

ShareBy David Torough, Abuja A fresh political storm erupted on Thursday as the African Democratic Congress (ADC) and the All...