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Prices of foodstuffs remain high in Lagos

The prices of foodstuffs in Lagos metropolis are still on the high side, some eight months into the year.According to a market survey conducted by the News Agency of Nigeria (NAN) on Tuesday in Lagos, the prices rice, beans and garri are now beyond the reach of the ordinary consumers.For instance, at the Oyingbo, Ketu, Mile-12, Daleko, Agboju, Suru/Alaba, Ajao Estate and Iddo markets, a bag of rice is sold for between N7, 500 and N10,000, depending on the brand.

However, a bag of beans sells for between N 17, 500 and N19, 000 while a big bag of Garri sells for between N5, 500 and N6, 500 while a small bag goes for between N4, 500 and N5, 000.A bag of yam flour popularly known as ‘elubo,’’ sells for between N28, 000 and N30, 000 while the small bag sells for between N17, 000 and N18, 000.A tin of garri costs between N2, 500 and N3, 000 while a paint bucket of garri sells for between N400 and N450. A ‘derica’’ cup of beans sells for N150 and a half derica N75 as against N90 three months ago.

At the Mile 12 market, a basket of tomatoes sells for between N3, 000 and N5 000 while a small basket of pepper goes for between N300 and N700.One of the traders, Malam Shehu Dogo, attributed the high cost of tomatoes and pepper to the fact that they were out of season. “Farmers and traders are faced with the burden of transporting food items to the markets and we all know that transportation costs are increasing by the day.“For tomatoes and pepper, by October, new ones will flood the market and the prices will begin to fall,”” he said.

Mr Uche Ijeoma, a foodstuff seller at Ketu explained that retail prices of foodstuffs reflected the high cost the goods in the market. Whenever they are able to buy them cheap, it will also reflect on the retail prices of the items,’’ he said. Ijeoma said that the prices of major foodstuffs like garri, rice and beans were always uniform in Lagos markets because their prices generally reflected what the traders paid for them.


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