Ramadan: Stability in foodstuffs price excites Lagos residents
By Sherifdeen Amusa Some Lagos State residents have reiterated the stability of foodstuffs prices in spite of the ongoing Ramadan, aside from beans. The residents disclosed this in separate interviews
By Sherifdeen Amusa
Some Lagos State residents have reiterated the stability of foodstuffs prices in spite of the ongoing Ramadan, aside from beans.
The residents disclosed this in separate interviews with the News Agency of Nigeria (NAN) yesterday in Lagos.
Some of the residents noted that unlike the previous Ramadan period where the prices of foodstuffs increased, this year seems to be different.
Mr Samuel Nwabueze, a foodstuff trader at Iyana-ipaja market, said the price of foodstuff items were stable apart from the sudden increase in the price of beans.
“Apart from beans and other produce that come from the North, the price of food stuff has been considerably stable.
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“Other staples like rice, garri, onions, and corn are still within the same price ranges since the beginning of the year.
“There is more or less like a 10 per cent increase in the price of beans since the Ramadan started.
“As of last month, we were still buying a 50kg bag of beans at N60,000 but currently the same quantity sells between N70,000 to N75,000.
“Even the price of dried pepper from the North has risen above what we used to buy. Last month, we bought a bag of dried pepper at N100,000 but now it sells at N120,000.
“The same thing goes for egusi, it is now expensive. A bag used to sell for N250,000 but now sells at N300,000.
“What we have observed is that this hike came about when the Ramadan began. We believe the price will drop after the Ramadan period ,” Nwabueze said.
