The National Bureau of Statistics says prices of beans, eggs, bread, rice, and other food items witnessed significant price increases in October 2024.
The NBS said that the highest average price of sliced bread was recorded in Rivers at N1,850.
NCSSR decried that voters were induced with money ranging from N5,000 to N10,000 per voter and snacks during the election.
Mr Obi’s comments came amid ongoing demonstrations across Kenya, sparked by the proposed imposition of a tax on cars, phones, bread, sanitary pads, and other commodities.
In tune with the extant global trends, Nigeria is experiencing an unprecedented increase in the prices of basic food items.
NBS said the average price of 1kg of boneless beef increased by 49.41 per cent, from N2,445.96 in February 2023 to N3,654.56 in February 2024.
The discount markets for foodstuffs (Ounje Eko) are part of Governor Babajide Sanwo-Olu’s measures to cushion the effect of the removal of petrol subsidies.
NBS said that on a year-on-year basis, the headline inflation rate in February 2024 was 9.79 per cent higher than the rate recorded in February 2023, which was 21.91 per cent.
Mr Bamidele disclosed that the four-day strike had been called off with a slight increase in the price of bread.
A development economist, Ken Ife, says insecurity has been the major cause of rising food prices.
