• About Us
  • Contact Us
  • Privacy & Policy
Monday, May 12, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Food Inflation Reaches Historic 40.53% in Nigeria as Eid el-Kabir Approaches

Vincent Amadi by Vincent Amadi
June 14, 2024
in Economy, News
Reading Time: 2 mins read
A A
0
Food Inflation Reaches Historic 40.53% in Nigeria as Eid el-Kabir Approaches
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


As Eid el-Kabir approaches, pepper, a spice commonly used in many Nigerian dishes, has become a scarce commodity in Ilorin, the Kwara capital.
A market survey conducted on Thursday at Mandate Market, Ilorin West LGA, where pepper is sold in bulk, revealed that pepper has become expensive in recent weeks. Stocks have become scarce, with little or nothing left to look at, even tomatoes. Some pepper sellers have attributed the shortage in the north, where pepper is grown in large quantities, to flooding and pest infestation.


Jamil Isa said he was hoping a vehicle would bring him pepper and onions, but was told there were no goods to load.
He lamented that everything had been washed away by the floods and that where it was not washed away, it was infested with pests.

A small container of tomatoes that used to sell for 150 naira now sells for 2,000 naira, a big container that used to sell for 1,500 to 2,000 naira now sells for 15,000 naira and a big basket that used to sell for 10,000 naira now sells for 175,000 naira.


Also, a basket of Scotch bonnets, popularly called “rodo”, that used to sell for 1,500 naira now sells for 12,000 naira.
Similarly, a bag of onions now sells for 75,000 naira instead of 50,000 naira, the same or less than before.
According to the National Bureau of Statistics, food prices in Nigeria increased by 40.53 percent in April 2024 compared to the same month last year, with food inflation reaching a historic high of 40.53 percent in April 2024.
When we visited sheep sellers, they complained about low sales and buyers complained about high ram prices. Aziz Abdullahi, a ram seller, said that a ram that sold for 50,000 naira a few years ago was selling for more than 170,000-200,000 naira this year.
He attributed the increase in ram prices to high feed and transportation costs. Yahaya Usman, a potential customer, said that because of the exorbitant prices, some of his friends have spent money to buy cows, which he hopes to share. Cows are also accepted in Islam as an alternative to rams.

Tags: businessnigeria
Vincent Amadi

Vincent Amadi

Related Posts

Stock market records 34 gainers, 33 losers and N313billion decline 
Economy

Stock market records 34 gainers, 33 losers and N313billion decline 

2 days ago
Wigwe Family: US Report Highlights Pilot Error, Faulty Equipment As Cause Of Crash 
News

Wigwe Family: US Report Highlights Pilot Error, Faulty Equipment As Cause Of Crash 

5 days ago
PETROAN applauds Tinubu’s ban on foreign products importation 
Economy

PETROAN applauds Tinubu’s ban on foreign products importation 

5 days ago
Arrest of VeryDarkMan by DSS, Sets Bad Precedence in Democracy, Says Peter Obi 
News

Arrest of VeryDarkMan by DSS, Sets Bad Precedence in Democracy, Says Peter Obi 

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

NDLEA intercepts three vehicles with 3,047kg skunk in Niger state 
National

NDLEA intercepts three vehicles with 3,047kg skunk in Niger state 

19 hours ago
2027 election: I am not returning to Aso Rock, will support for Tinubu, says Patience Jonathan
National

2027 election: I am not returning to Aso Rock, will support for Tinubu, says Patience Jonathan

19 hours ago
National Security Adviser advocates for Attitudinal Change, Strong Institutions To Combat Graft Offences. 
National

National Security Adviser advocates for Attitudinal Change, Strong Institutions To Combat Graft Offences. 

1 day ago
Insecurity: Call For State Policing Gains Momentum As Northern Govs, Traditional Rulers Ask NASS To Expedite Action
National

Insecurity: Call For State Policing Gains Momentum As Northern Govs, Traditional Rulers Ask NASS To Expedite Action

1 day ago
I am ready to embrace Kwankwaso if he joins APC, says Ganduje
National

Nothing wrong with one-party state, says Ganduje

2 days ago
We invested N3.5 billion in corporate social investment in 2024, says MTN 
National

We invested N3.5 billion in corporate social investment in 2024, says MTN 

3 days ago

POLITICS

Protest erupts over imposition of candidates across LCDAs at Lagos APC primary 

Protest erupts over imposition of candidates across LCDAs at Lagos APC primary 

19 hours ago
More Dilemma For PDP As Three Kebbi Senators Defect To APC

More Dilemma For PDP As Three Kebbi Senators Defect To APC

1 day ago
Our alleged suspension by Abure-led Labour Party is laughable, says LP Reps

Our alleged suspension by Abure-led Labour Party is laughable, says LP Reps

3 days ago
APGA Sustains Support For Government-at-the-Centre Policy – Soludo Reaffirms.

APGA Sustains Support For Government-at-the-Centre Policy – Soludo Reaffirms.

3 days ago
Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

4 days ago
Atiku refutes claim of leaving PDP to APC 

Atiku refutes claim of leaving PDP to APC 

5 days ago

YOUR ECONOMY

Stock market records 34 gainers, 33 losers and N313billion decline 
Economy

Stock market records 34 gainers, 33 losers and N313billion decline 

2 days ago
PETROAN applauds Tinubu’s ban on foreign products importation 
Economy

PETROAN applauds Tinubu’s ban on foreign products importation 

5 days ago
 IMF Urges Nigeria to Increase Tax Revenue Base
Economy

 IMF Urges Nigeria to Increase Tax Revenue Base

2 weeks ago
World Bank Projects Poverty Increase in Nigeria by 2027
Economy

World Bank Projects Poverty Increase in Nigeria by 2027

2 weeks ago
CBEX Scam: Court Orders Arrest, Remand of 6 Promoters of Platform 
Economy

CBEX Scam: Court Orders Arrest, Remand of 6 Promoters of Platform 

2 weeks ago
Nigeria Loses $9 Billion Annually to Food Waste
Economy

Nigeria Loses $9 Billion Annually to Food Waste

4 weeks ago

E & P

11th AMVCA: Femi Adebayo’s ‘Seven Doors’ Sweeps  Top Honours
Entertainment

11th AMVCA: Femi Adebayo’s ‘Seven Doors’ Sweeps  Top Honours

by Emmanuel Ademola
1 day ago
0

Emmanuel  Femi Adebayo's historical drama series "Seven Doors" has established itself as a standout Nollywood production after winning three major...

It’s the toughest season of my career, says Pep Guardiola of Man City

It’s the toughest season of my career, says Pep Guardiola of Man City

2 days ago
Man Utd Ease Past Athletic Bilbao To Set Up An All English Finals With Spurs 

Man Utd Ease Past Athletic Bilbao To Set Up An All English Finals With Spurs 

3 days ago
Naira Abuse/money laundering: Socialite E-Money lands in EFCC net.

Naira Abuse/money laundering: Socialite E-Money lands in EFCC net.

2 weeks ago
Mbappé Sees Red in Alaves Clash as Madrid’s Title Hopes Take a Hit

Mbappé Sees Red in Alaves Clash as Madrid’s Title Hopes Take a Hit

4 weeks ago
Barcelona Beats Leganes, Moves Seven Point Clear Of Close Rivals

Barcelona Beats Leganes, Moves Seven Point Clear Of Close Rivals

4 weeks ago

YOUR THOUGHT & HISTORY

ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
3 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
4 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
5 months ago
Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit
Columns

Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit

by Uloma Harrison-Ikenwanze
5 months ago
The Power of Data in Today’s World
Columns

The Power of Data in Today’s World

by Blessing Chinyere Daniel
5 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports

Recent News

NDLEA intercepts three vehicles with 3,047kg skunk in Niger state 

NDLEA intercepts three vehicles with 3,047kg skunk in Niger state 

May 11, 2025
Protest erupts over imposition of candidates across LCDAs at Lagos APC primary 

Protest erupts over imposition of candidates across LCDAs at Lagos APC primary 

May 11, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address