Abuja vendors welcome sharp drop in rice and food prices
Some Abuja residents and vendors have expressed relief over the recent drop in food prices. Mrs Vivian Uche, a foodstuff vendor, highlighted the significant decrease in the cost of rice and other staples. Residents credited the Federal Government’s interventions for the price reductions. However, some noted concerns about whether these lower prices will last.
What we know
- Mrs Vivian Uche reported that the price of a bag of rice fell from N76,000 to N55,000, and other staples like gari and beans also became cheaper.
- Vendors and buyers in Abuja attributed the price drop to Federal Government policies, increased food supply, and improved security in farming areas.
- Mrs Ifeoma Iwuji and Mrs Cynthia Chukwuma praised the government’s efforts but questioned the sustainability of the lower prices.
- Mechanised farmer Mr Kayode Iyiola said free import waivers, subsidised fertiliser, and dry-season farming initiatives contributed to the price drop.
- Despite the relief, many Nigerians still face challenges with low purchasing power and stagnant incomes.
