The prices of food crops have dropped significantly in most parts of the North-East, a survey conducted by the News Agency of Nigeria(NAN), has shown.
NAN reports that it is the first time the cost of food has gone down in the geo-political zone since the withdrawal of fuel subsidy in 2023.
Market surveys conducted in Adamawa, Yobe and Borno revealed significant drops in the prices of maize, rice, guinea corn and beans.
The prices of yam, Irish potatoes, fish, beef, flour, sugar and spaghetti were, however, found to be either stagnant, or slightly higher.
In Jimeta market in Adamawa, a 100 kg bag of maize, which sold between N60,000 and N65,000 in October and Nov. 2024, dropped to between N50,000 and N53,000 by January to February this year.
Malam Isah Bala, a trader at the Jimeta Modern Market, told NAN the bag currently costs between N40,000 and N45,000.
“Also a bag of…
Read More
