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Increasing Food Price Triggers Inflation to 2-Year High

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From Joy Okeke, Lagos

 The rising cost of food in the country has pushed the inflation rate, a two years high of 13.7 per cent as prices of food rose by 16.

67%  for the 13th consecutive months.

The National Bureau of Statistics (NBS) said this in its September report, released on Thursday, explaining that the food supply chain has been ensnaring terribly on all sides.

 

Some of the factors that contributed to the spike in food prices include: the closure of the land borders since 2019 ensures that cheap food was barricaded out if the country.

Secondly, President Muhammadu Buhari’s order to the central bank to stop providing foreign exchange for food and fertilizer imports again cut short the inflow of cheap food.

Thirdly, the on-going raid by herders on farms also ensured that food became very scarce in the country.

The government had, however, said that the policies were geared towards self-food sufficiency, the immediate impact has left Nigerian with fixed salaries deflated while food prices continue to soar.

The spike in prices of food items, such as bread, cereals, potatoes, yam and other tubers, meat, fish, fruits and oils and fats, accounted most for the rise in inflation in September, the National Bureau of Statistics (NBS) said in its Consumer Price Index September 2020.

Daily Asset findings showed that a big basket of Oval-shaped tomatoes now sells for an average of N17, 000, indicating a 6.3 per cent rise in the price when compared to N16, 000 recorded in September. 

A big bag of Melon increased by 22.4 per cent, to sell for an average of N46, 500.

Also a carton of Turkey increased by 5.8 per cent to sell for an average of N18, 333, compared to an initial average of N17, 333 recorded in September 2020, and carton of full Chicken that was sold for an average of N14, 000 two weeks ago, now sells for an average of N14, 500, representing a 3.6 per cent increase in price.

A big bag of Bush mango seed, popularly known as “Ogbono” now sells for N100, 000 at Mile-12 market. 

A 5.3 per cent increase compared to N95, 000 reported earlier, while a big bag of dry Onions increased by 48 per cent to sell for an average of N55, 500, compared to an initial average of N37, 500.

Furthermore, a big bag of new Onions rose by 60.8 per cent selling at N41, 000 as against the N25, 500 it was initially sold for. 

A bag of Pepper increased by 9.7 per cent to sell for an average of N17, 000, while a medium-sized bag sells for an average of N9, 000 – a 38.5 per cent increase in price.

Also, a big basket of Sweet Potato now sells for an average of N13, 500, from an initial average of N14, 000 – a 3.6 per cent reduction in price, while the price of a big basket of Irish Potatoes reduced by 29.5 per cent to sell for an average of N21, 500, compared to N30, 500 recorded in September.

For rice, 50kg of Royal Stallion Rice still sells for an average of N30,333, Mama Gold (N29,750), Caprice (N29,667), and Mama’s Pride (N25,500). 

A big sized bag of Brown Beans still sells for an average of N33, 000.

Consumer prices rose 13.7 per cent from a year earlier, compared with 13.2 per cent in August, the National Bureau of Statistics said in a report published on its website on yesterday. 

Goldman Sachs Group Inc. expects Nigeria’s inflation to accelerate in coming months, peaking close to 18 per cent year-on-year in the second quarter of 2021. The main source of price pressure has been pass-through from the recent naira depreciation, analysts at the bank said in a research note.

The food index rose by 16.7 per cent from a year earlier, while costs increased 1.9 per cent in the month, the most since June 2017.

The International Monetary Fund expects Nigeria’s economy to shrink 4.3 per cent.

The central bank in September said inflation is likely to rise to up to 14.15 per cent at the end of December due to supply shocks as a result of the pandemic, which has curtailed economic activity and created disruptions.

Prices rose in September across the range of goods and services, rising more in cities than in rural areas, the statistics office said.

“The urban inflation rate increased by 14.31 per cent (year-on-year) in September 2020 from 13.83 per cent recorded in August 2020, while the rural inflation rate increased by 13.14 per cent in September 2020 from 12.65 per cent in August 2020,” its report said.

Agriculture

Residents Groan Under Rising Tomato Prices, Seek Alternatives

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Some residents in Lagos State have expressed concern over the recent surge in the price of tomatoes, forcing many households to adopt alternatives.

The residents made their views known in separate interviews on Wednesday in Lagos.

A market survey showed that a 50kg basket of tomatoes now sells between N115,000 and N125,000, compared to between N35,000 and N40,000 recorded last month.

Olachi Igwe, a resident of Ago Palace, said the scarcity and high cost of tomatoes had disrupted her household’s meal plans.

“I contacted my usual vendor, but she said tomatoes were scarce and difficult to source.

“A small bowl we used to buy for between N3,500 and N4,000 now sells for as high as N6,000 to N7,000, when available.

“For now, my family will resort to palm nut stew (ofe akwu) until prices stabilise,” she said.

Another resident, Mercy Okeleye of FESTAC, said although her family prefers fresh tomatoes, rising prices have forced her to consider cheaper options.

“I cannot do without fresh tomatoes because of the taste, but I may have to buy broken ones, popularly called ‘esha’, which are relatively cheaper.

“I do not consider tomato paste a suitable substitute because it is not purely made from tomatoes,” she said.

Also speaking, Tope Babalola from Dopemu, said she might adjust her cooking methods if prices remain high.

“I have not bought tomatoes in over a month, but if the price is still high, I will use more onions and peppers.

“I will not resort to artificial additives; I prefer natural ingredients for my meals,” she said.

Joan Ogugua, another resident, said she had already switched to tomato paste to cope with the situation.

“I asked my son to buy tomato paste for our meals. I cannot justify spending excessively on fresh tomatoes when other basic needs must be met,” she said.

Also, Oge Ugwu, a civil servant at Lekki, said she would resort to cucumber stew with the recent price hike.

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Agriculture

Tomato Farmers Predict Steady Price Hike from May

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The Tomatoes Growers and Processors Association of Nigeria (TOPAN) has predicted a steady increase in the price of the produce between May and June 2026.

The Kaduna State Chairman TOPAN, Rabiu Zuntu, disclosed this in an interview recently in Lagos.

Zuntu noted that although there is no particular time for tomatoes planting season up north, seasonal weather variations can affect the production of the produce.

“Although we can plant tomatoes all-year-round, we cannot assure quality harvest all-year-round.

“Some farmers are harvesting now, while others are transplanting, and others are harvesting.

“Tomatoes are still available for sale but the price of the produce is gradually on the increase.

“Come May/June, the prices of tomatoes will be very expensive, so now is a good time to stock up the produce. There’s always a scarcity within that period.

“This is because of the nature of the weather in the north around that period, the weather is usually very hot and tomatoes cannot resist such hot temperature,” he said.

Zuntu said the price of tomatoes have started rising up in the north.

“A 50kg rafia basket of tomatoes sells from N20,000 as against N7,000 to N10,000 that was sold earlier in the year.

“While a crate of tomatoes up north is sold between N10,000 and N15,000 as against N5,000 to N6,500 sold earlier in the year.

“In most part of Kano State, where there is bumper harvest, they are rounding off their harvest. So, tomato is not that available there and most buyers have turned to where they can find it now, mostly within Kaduna State and some parts of Plateau State.

“So, that’s why the supply has decreased and the tomato supply and cost is determined by the law of demand and supply,” he said.

A 50kg basket of tomatoes in Lagos, at the moment, sells between N40,000 and N60,000 depending on the size and quality.

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Agriculture

Lack of Irrigation Facilities Crippling Dry Season Farming in Oyo

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The Smallholder Women Farmers Organisation in Nigeria (SWOFON), Oyo State chapter, has said that the lack of irrigation facilities had become a major obstacle to dry season farming in the state.

The Chairperson of SWOFON in Oyo State, Atinuke Akinbade, said this in an interview in Ibadan on Monday.

Akinbade, who shared the experiences of women farmers in the state during the 2025 dry season, said that inadequate access to water for irrigation significantly affected the performance of many farmers during the period.

“It hindered many older farmers from participating in dry season farming and also prevented younger farmers from doing as much as they could in cultivating large acres of land,” she said.

Akinbade explained that farmers who managed to plant during the season struggled to access sufficient water to irrigate their farms, a situation worsened by the effects of climate change.

“Many farmers who depended on streams and wells to water their crops suffered major setbacks because those sources could not provide enough water for irrigation.

“Some farmers had to resort to buying water from commercial water tankers, which increased the cost of production, while at times it was even difficult to get water from the tankers,” she said.

The SWOFON chairperson warned that failure to address the problem could worsen food insecurity in the coming months.

“Even now, rainy season farming has not fully commenced because of the irregular rainfall pattern.

“This is a double burden, and if nothing is done, it may lead to serious hunger later,” she said.

Akinbade, however, acknowledged that the government had organised training for members of the association on home gardening.

She, however, said that little support was provided to address the challenges of dry season farming.

The chairman said that the home garden support package given to members consisted mainly of seedlings and one sprayer.

“They gave us two packs each of maize and pepper seeds, with six seeds in each pack, as well as one sprayer, so that we can grow food for household consumption,” she said.

Earlier, Oluwatoyin Oyedeji, SWOFON Coordinator in Oyo East, explained the severe hardship members of the organisation experienced in sourcing water for irrigation.

“Many farmers are already counting their losses because water was not available to irrigate their farms.

“Those who depended on streams and brooks were badly affected because many of them dried up, while the few that still had water had so little that farmers had to dig deeper into the ground in search of more,” Oyedeji said.

In the same vein, the Women Leader for farmers in Saki East, Musiliu Ashiru, said the absence of irrigation facilities also hampered dry season farming in her area.

According to her, many farmers still engaged in dry season farming have had to pay for water to keep their crops alive.

“Many of them buy water from the dam here to irrigate their crops. It has not been easy for them this year,” Ashiru said.

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