Corn rises to N800 per mudu as subsidy removal pummels Nigerian economy

As fuel prices continue to rise nationwide, a mudu of corn has jumped to N800 from N600 barely three weeks ago.
A market survey by Peoples Gazette on Thursday showed that in about three weeks, a mudu of corn is sold at N800, representing over a 33.3 per cent increment from N600.
The skyrocketing price of corn, one of the most popular grains consumed by Nigerians and used for animal feed, signals hunger as citizens grapple with hardship occasioned by the removal of fuel subsidy.
Mr Tinubu, at his 69th birthday colloquium in 2021, counselled the federal government on recruiting 50 million youths into the military and recommended that they be fed with “agbado” (the Yoruba word for corn).
“We are under-policed and we are competing with armed robbers and bandits to recruit from the youths who are unemployed. Thirty-three per cent unemployed?” Mr Tinubu said. “Recruit 50 million youths into the army! What they will eat — cassava, agbado (corn), yam — we’ll grow here.”
Subsequently, “agbado” became a symbol of Mr Tinubu’s campaign, with many of his supporters being addressed as “agbado” footsoldiers. But in a few weeks into his government, corn gradually became unaffordable for many.
The president, in his inaugural speech, announced the immediate end to fuel subsidy, triggering pump prices from N145 to N545. On Tuesday, the pump price hit N617, a development that further raised food items and transportation costs.
To cushion the ripple effect of the increased pump price, Mr Tinubu announced a $10, equivalent of N53 daily, palliative for 12 million households. The government, however, reversed the idea, which was trailed by criticisms.
In June, the World Bank reported that about 64 million Nigerians were at risk of a food crisis by August.
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.”

States
Navy rescues two kidnap victims, recovers stolen engines in Akwa Ibom
The commander urged owners of the recovered outboard engines to provide proof of ownership in order to reclaim their property.

States
NEMA donates relief materials to Ebonyi flood victims
The governor described the recurring flood disasters in parts of the state as devastating.

Heading 4
Trump administration revokes over 250,000 visas of foreigners over crimes, immigration violations
The State Department spokesperson said the U.S. was carrying out rigorous visa vetting on a scale never seen before.

Africa
Fresh clashes in Somalia leave children dead, others injured
The fresh clashes began on Monday.

NationWide
CIoD seeks stronger board leadership amid AI, economic shifts
Mr Nolas-Alausa said the new economy presented both opportunities and responsibilities.

Heading 1
Tinubu extends 2025 budget implementation to December
The extension gives ministries, departments and agencies (MDAs) additional time to complete ongoing capital projects.





