• About Us
  • Contact Us
  • Privacy & Policy
Friday, February 27, 2026
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

Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

21 hours ago
Naira ends week on positive note against dollar
Economy

Naira will appreciate to N1,000 per dollar in coming weeks – Tinubu

2 days ago
Dangote Refinery Petrol Price Drops as Direct Fuel Distribution Begins September 15
Economy

Dangote Refinery eyes depot owners, major marketers in new marketing strategy

4 days ago
Soldier killed in Kukawa as troops foil terrorist attack
National

Soldier killed in Kukawa as troops foil terrorist attack

4 days 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

Labour gives FG Friday ultimatum to meet demands or face industrial action
National

Labour gives FG Friday ultimatum to meet demands or face industrial action

20 hours ago
Tinubu nominates 39-year old Abdullahi Ramat as new NERC Chairman
National

Tinubu to Senate: Start constitutional amendment to create State Police 

20 hours ago
Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

21 hours ago
They’re doing all they can to stop us – Olumide Akpata
National

Why we defected from Labour Party to ADC — Akpata

21 hours ago
National

Why Tinubu sacked IGP Egbetokun — Sam Amadi

2 days ago
Stop military cooperation with US now – Sheikh Gumi warns Tinubu
National

Don’t bomb bandits — Sheikh Gumi warns

2 days ago

POLITICS

Labour gives FG Friday ultimatum to meet demands or face industrial action

Labour gives FG Friday ultimatum to meet demands or face industrial action

20 hours ago
Tinubu nominates 39-year old Abdullahi Ramat as new NERC Chairman

Tinubu to Senate: Start constitutional amendment to create State Police 

20 hours ago
They’re doing all they can to stop us – Olumide Akpata

Why we defected from Labour Party to ADC — Akpata

21 hours ago
Obi’s one-term pledge is Atiku’s idea – Kenneth Okonkwo

Assassination attempt on Peter Obi was by agents of govt – Kenneth Okonkwo

2 days ago
They’re doing all they can to stop us – Olumide Akpata

They’re doing all they can to stop us – Olumide Akpata

2 days ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP

Tinubu’s chokehold suffocating Nigeria’s democracy — Atiku

4 days ago

YOUR ECONOMY

Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

21 hours ago
Naira ends week on positive note against dollar
Economy

Naira will appreciate to N1,000 per dollar in coming weeks – Tinubu

2 days ago
Dangote Refinery Petrol Price Drops as Direct Fuel Distribution Begins September 15
Economy

Dangote Refinery eyes depot owners, major marketers in new marketing strategy

4 days ago
28 ships loaded with fuel, waiting to berth at Lagos ports
Economy

28 ships loaded with fuel, waiting to berth at Lagos ports

7 days ago
Naira gains against US dollar significantly
Economy

Naira gains against US dollar significantly

1 week ago
Nigerian Restaurant Owners Struggle as Fuel Price Increases
Economy

Price war: Fuel price to drop nationwide

2 weeks ago

E & P

LaLiga: Ighalo confident Lookman will excel under Simeone at Atletico Madrid
Sports

LaLiga: Ighalo confident Lookman will excel under Simeone at Atletico Madrid

by Steven Atogi
4 days ago
0

Former Manchester United striker, Odion Ighalo has expressed confidence that Ademola Lookman will excel under manager Diego Simeone at Atlético...

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

EPL: Three managers shortlisted to replace Guardiola at Man City

3 weeks ago
Transfer: Ademola Lookman lands in Madrid ahead of medicals

Transfer: Ademola Lookman lands in Madrid ahead of medicals

4 weeks ago
AFCON 2025: Ighalo faults Diaz’s Panenka penalty against Senegal

AFCON 2025: Ighalo faults Diaz’s Panenka penalty against Senegal

1 month ago
Why I won’t coach Mali again — Chelle

Why I won’t coach Mali again — Chelle

1 month ago
AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

2 months ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
5 months ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
5 months ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
6 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
6 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
6 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
  • Trends

Recent News

Labour gives FG Friday ultimatum to meet demands or face industrial action

Labour gives FG Friday ultimatum to meet demands or face industrial action

February 26, 2026
Tinubu nominates 39-year old Abdullahi Ramat as new NERC Chairman

Tinubu to Senate: Start constitutional amendment to create State Police 

February 26, 2026
  • 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