Spaghetti jumps to N950 from N80, single egg N300, butter N1,400, sardine N1,020: Market Survey

Since President Bola Tinubu assumed office on May 29, 2023, his economic policies have made life more difficult for Nigerians as the prices of staple food have gone up amid worsening inflation.
On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate climbed to 29.90 per cent in January 2024.
Market findings have now revealed that one pack of Spaghetti that was formerly N80 is now N950; one carton of Titus fish which used to be N40,000, is now N76,000; one medium size of Blue Band butter that was once N500, is now N1,400; the price of 50kg bag of rice has risen to N77,000 from N35,000, while a 100kg bag of dry white old maize that used to be N18,000 is now sold for N58,000.
Other prices of other food items include: one packaged Titus sardine which used to be N350, is now N1,020; a single pack of Indomie is now N150 from N50; a pack of salt is sold at N400 from N100; the small size of Semovita now goes for N700 from N300; a single egg now costs N300 from N110; a paint bucket of garri that was sold at N1,000, is now N3,000; the price of a paint bucket of beans has risen from N1,500 to N3,000 while the price of a small goat has risen from N15,000 to N35,000.
Furthermore, a big Butterfield bread that was once sold for N350 now costs N900; the price of the cheapest toothpaste, which is MyMy, has now jumped from N150 to N500 while transportation costs along with the cost of a bus to load plantains from Ondo to Ogun State costs N100,000.
The Nigeria Labour Congress, on Friday, declared a two-day nationwide strike billed for February 27 and 28, 2024, to make the federal government address the rising hunger and economic hardship in the country.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Heading 3
Tinubu awards $7 billion Ogun deep seaport deal to Chagoury-linked DP World MEA
“We are doing more than signing agreements; we are laying the foundation for a new chapter in Nigeria’s development,” Mr Tinubu said.

Africa
Ethiopia, Djibouti presidents commend Dangote’s $660 million pipeline project as game-changer for regional trade, energy security
The Damarjog-Dewele Pipeline Project forms part of Dangote Group’s broader Vision 2030 strategy, under which it plans to invest $50 billion across Africa.

Politics
Atiku announces ex-Tinubu ally Kashim Imam as campaign chairman, El-rufai deputy, Senator Akobundu DG
Mr Abubakar also appointed Dele Momodu to head media and communications, while Dino Melaye will lead contact and mobilisation.

NationWide
EFCC recovers N80 million for businessman after failed land deal in Delta
The EFCC handed over a draft of recovered N80,000,000 to Ifeanyi Innocent Madueke after a failed land deal in Delta State.

Anti-Corruption
Shun cybercrime, join fight against corruption, EFCC tells Nigerian students
The EFCC urged students of tertiary institutions across the country to shun cybercrime.

Heading 4
Insecurity: Canada warns citizens, residents against non-essential travel to Nigeria
“Avoid non-essential travel to Nigeria, including in Abuja, due to the unpredictable security situation throughout the country,” the advisory stated.





