A development economist, Ken Ife, says insecurity has been the major cause of rising food prices.
“On a month-on-month basis, 1kg of local rice increased by 5.85 per cent from the N867.18 recorded in November 2023.’’
Some rice traders in Lagos have lamented the inability of local rice farmers to meet the growing demand for the produce.
The association also distributed palliatives to 80 widows of dead police officers.
“We are experiencing bumper harvest. So, we expect more rice in the market for consumers this season,” the rice miller association said
Most of the companies are producers of fertiliser, rice, and plastics, among others.
“On a month-on-month basis, 1kg of yam tuber increased by 3.03 per cent from the recorded N576.39 in August 2023.’’
He listed the distributed food items as rice, beans, garri, semovita, pasta, among others.
“Thank you very much and God bless you all as we stay off drugs in our society.”
“This has shown that the federal government is not insensitive to the sufferings of the people and the hardship occasioned by the policy of fuel subsidy removal.”
