• About Us
  • Contact Us
  • Privacy & Policy
Saturday, August 9, 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

Largest shea butter refinery in Africa begins operation in Niger State
Economy

Largest shea butter refinery in Africa begins operation in Niger State

6 hours ago
Afreximbank signs $4bn refinancing loan for Dangote refinery
Economy

Afreximbank signs $4bn refinancing loan for Dangote refinery

4 days ago
High Interest Rate Tops Business Constraints in Nigeria
Economy

High Interest Rate Tops Business Constraints in Nigeria

2 weeks ago
Police Launch Manhunt for Suspect Over Alleged Murder in Kogi 
News

Police Launch Manhunt for Suspect Over Alleged Murder in Kogi 

2 weeks 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

FG call on US to engage Nigerians on new visa rules
National

FG call on US to engage Nigerians on new visa rules

5 hours ago
Abuja hospital denies charging late Senator in dollars
National

Abuja hospital denies charging late Senator in dollars

6 hours ago
Largest shea butter refinery in Africa begins operation in Niger State
Economy

Largest shea butter refinery in Africa begins operation in Niger State

6 hours ago
Nigerian Navy discovers 70 illegal modular refineries, seizes 411,000 litres of stolen crude
National

Nigeria navy deactivates illegal refining sites, reins litres of stolen crude oil in Rivers state

6 hours ago
I remain a PDP member, no plans to defect – Ugochinyere
National

I remain a PDP member, no plans to defect – Ugochinyere

1 day ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP
National

Sowore’s arrest `shameful abuse of powerʼ — Atiku Abubakar

1 day ago

POLITICS

PDP must expel Wike, Ortom, others, for anti-party activities — Lamido

PDP must expel Wike, Ortom, others, for anti-party activities — Lamido

6 hours ago
Coalition’s ADC takes over of PDP structures in North East

Zamfara: ADC call on President Tinubu to retrieve N56m tax collected by bandits

6 hours ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election

APC’s plan to divide ADC into factions won’t work – Ganduje’s ex-aide

6 days ago
Usani Usani Quits APC, Joins ADC as South-South Leader

Usani Usani Quits APC, Joins ADC as South-South Leader

1 week ago
2027: Why Peter Obi may return to PDP

Enugu PDP Stakeholders Reject Defection Rumors, Reaffirm Party Loyalty

1 week ago
Imoke, Usani Back ADC Coalition in Cross River Power Bid

Imoke, Usani Back ADC Coalition in Cross River Power Bid

1 week ago

YOUR ECONOMY

Largest shea butter refinery in Africa begins operation in Niger State
Economy

Largest shea butter refinery in Africa begins operation in Niger State

6 hours ago
Afreximbank signs $4bn refinancing loan for Dangote refinery
Economy

Afreximbank signs $4bn refinancing loan for Dangote refinery

4 days ago
High Interest Rate Tops Business Constraints in Nigeria
Economy

High Interest Rate Tops Business Constraints in Nigeria

2 weeks ago
Naira depreciates against dollar twice in one week
Economy

Naira depreciates against dollar twice in one week

2 weeks ago
Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide
Economy

Dangote Refinery Targets 700,000 BPD Capacity by Year-End

3 weeks ago
Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally
Economy

Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally

3 weeks ago

E & P

Inter Milan Target Ademola Lookman in €40m Transfer Bid
Sports

Arsenal Legend Backs Move for Lookman Amid Transfer Talks

by Steven Atogi
3 days ago
0

The campaign for Arsenal to sign Ademola Lookman continues to gain momentum as Ian Wright openly backs the potential deal....

Rivers swan congratulates d’tigress, urge RSG to build more basketball courts

Rivers swan congratulates d’tigress, urge RSG to build more basketball courts

4 days ago
Breaking News: Hansi Flick interested in signing Ademola Lookman to Barcelona 

Ademola Lookman submits transfer for possible exit from Atalanta

6 days ago
NNPCL GMD Ojulari not forced to resign — Presidency

NNPCL GMD Ojulari not forced to resign — Presidency

6 days ago
Super Falcons Receive OON Honour, $100K, and Apartments for WAFCON 2024 Win

Super Falcons Receive OON Honour, $100K, and Apartments for WAFCON 2024 Win

2 weeks ago
NPFL Set to Kick-Off 2025/2026 Season Aug. 22

NPFL Set to Kick-Off 2025/2026 Season Aug. 22

2 weeks ago

YOUR THOUGHT & HISTORY

Tribute to Old Port Harcourt Boy (Peter Rufai)
Columns

Tribute to Old Port Harcourt Boy (Peter Rufai)

by Tammy Opoki
3 weeks ago
A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent
Columns

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent

by Odini Brains
4 weeks ago
El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
1 month ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
1 month ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
1 month 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
  • Trends

Recent News

FG call on US to engage Nigerians on new visa rules

FG call on US to engage Nigerians on new visa rules

August 9, 2025
PDP must expel Wike, Ortom, others, for anti-party activities — Lamido

PDP must expel Wike, Ortom, others, for anti-party activities — Lamido

August 9, 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