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Subsidy removal, forex crisis: Why price adjustments are inevitable

Subsidy removal, forex crisis: Why price adjustments are inevitable

50kg bag of foreign rice which cost a little over N39,000 in June is now sold for about N60,000 and might rise higher as the festive season approaches. A middle-size tuber of yam sold for N800 in June this year, now sells for N1700. A kilo of chicken sold for N1,450 earlier in the year is now N3,200