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Drop in Price of Food Items: Government Stabilizing the Economy or Compassion by Business Community?

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Abbas Yushau Yusuf

Recently, there has been a noticeable drop in the price of food items across major markets in many parts of Nigeria. NIGERIAN TRACKER monitored the situation and visited one of the major markets in Northern Nigeria, the Yankaba market in Kano, to understand the reasons behind this trend.

Alkasim Ahmad, a businessman who sells cereals, shared the old prices and the new dropped prices in the market. “Before, maize was sold at 1,800 Naira per mudu, but now it’s 1,500 Naira. Millet used to be 1,700 Naira, but now it’s between 1,560 and 1,600 Naira. A bag of millet was previously 65,000 Naira, but now it’s 58,000 Naira,” he said.

Similarly, guinea corn is now being sold at 58,000 Naira per bag, with the price per mudu at 1,500 Naira. Previously, it was sold at 1,800 Naira per bag. However, the price of rice has not seen much change. Reports indicate that spaghetti, especially foreign brands, has dropped from 20,000 Naira to 17,000 Naira, and in some places, even 16,000 Naira.

The price of soya beans has also seen a reduction. “The price per mudu has dropped to 2,400 Naira, and in some places to 2,350 Naira, from the previous 2,800 Naira. The whole bag of soya beans used to be 110,000 Naira, but now it has dropped to 90,000 Naira,” Alkasim Ahmad added.

For normal beans, the price per bag was previously 95,000 Naira, but now it’s being sold at 85,000 Naira. The price of wheat has remained unchanged, with the price per mudu still at 3,000 Naira and the bag at 115,000 Naira.

Dr. Mustapha Garin Gabas, a Lecturer of Economics at Sule Lamido University, Jigawa State University Kafin Hausa, explained the reasons for the drop in food prices to NIGERIAN TRACKER. He said, “The inflation in Nigeria is not necessarily due to some external forces, but is typically driven by scarcity, especially for food items. Now is the harvesting period for cereals like sorghum, millet, rice, and beans. This is the peak harvesting period, and the availability of these items has led to the drop in prices.”

He added, “Rural households now have food items at their disposal until their supply is exhausted. This year’s rainy season has resulted in a bumper harvest, particularly in the northern part of the country, compared to last year. Sometimes, prices go up when items are not available in the market. There is also a little stability in the exchange rate, which, although not completely stable, has remained between 1,000 and 1,600 Naira for a long period of time, facilitating stability in prices.”

The drop in food prices raises questions about whether the government’s efforts to stabilize the economy are yielding results, or if it is the compassion and cooperation of the business community that is driving this positive change.

Regardless of the reason, the reduction in food prices is a welcome relief for consumers across Nigeria, providing them with much-needed economic respite.

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NUJ Kano Lauds Commissioner Waiya for Establishing Advisory Council, Press Fund

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The Chairman of the NUJ Kano State Council, Comrade Sulaiman Abdullahi Dederi, has lauded the Commissioner, Ministry for Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya for his commitment to improving journalism through the establishment of the Kano Information Advisory Council and the upcoming launch of the Kano Press Support Fund.

In a statement he signed on Friday, the Chairman of the Kano Council, Comrade Dederi said these initiatives are aimed at enhancing the professionalism and welfare of journalists in the state.

According to him, the seven members of the Kano Information Advisory Council are:

1. Alhaji Ahmed Aminu – Chairman

2. Alhaji Mohammed Danyaro

3. Alhaji Farouk Umar Usman

4. Hajiya Aisha Sule

5. Mallam Auwalu Mu’azu

6. Alhaji Bello Sani Galadanchi

7. Comrade Sulaiman Abdullahi Dederi – Secretary

The statement noted that further demonstrating its commitment to fostering a strong and collaborative relationship with the media, Hon. Ibrahim Waiya announced the upcoming launch of the Kano Press Support Fund.

“This initiative underscores the government’s dedication to supporting the vital role of journalists in the state.” It noted

Additionally, he added that the Iftar (fast-breaking) event, organized by the Honourable Commissioner for Information in collaboration with the NUJ Council, brought together veterans, stakeholders, and journalists in Kano, stressing, this event marked a historic milestone in the council’s history.

Comrade Dederi however noted that “NUJ Kano State Council extends its appreciation to the distinguished personalities who attended the event.”

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16 Lynched Northerners Are From Three Kano Local Governments

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The sixteeen lynched Northerners that were brutally killed by mob in Edo State South South Nigeria are from three Local Governments in Kano.

One of the survivors told Kano based online Journalist Bashir Sharfadi as he posted on his verified Facebook page in Hausa as follows .

‘Mutanen da aka yiwa kisan gilla a Edo sun fito ne daga Kananan Hukumomin Bunkure, Kibiya da Garko kamar yadda ɗaya daga cikinsu da ya tsira yanzu ya ke gadon asibiti da Direban Motar suka shaida min ta waya.”

 

They are from Bunkure ,Kibiya and Garko- local governments all from Kano southern senatorial district.

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Deputy Senate President urges security agencies to go after killers of Northern travellers in Edo

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Deputy President of the Senate, Senator Barau I Jibrin, has condemned the killing of Northern travellers in Uromi, Esan North East Local Government Area of Edo State, urging security agencies to immediately go after the perpetrators.

A mob had intercepted the innocent victims, mostly Hausa hunters, who were on their way to Kano for Sallah celebrations, ransacked their vehicle and gruesomely murdered them.

Describing the killings as barbaric, inhumane, and devilish, the Deputy Senate President appealed to the Edo State Police Command and other security agencies to take decisive action to bring the culprits to justice.

Senator Barau, in a statement by his Special Adviser on Media and Publicity, Alhaji Ismail Mudashir, called for calm, assuring that the perpetrators would not go unpunished.

He disclosed his intention to sponsor a motion in the Senate to ensure that those responsible for the killings are held accountable.

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” I have been inundated with the calls by my constituents and other Nigerians on the horrific murder of innocent individuals in Edo State. I condemn in totality the barbaric killing of innocent Nigerians.

” I hereby appeal to our security agencies to quickly swing into action to arrest these evildoers and ensure that they are punished in line with the gravity of their criminal acts.

“Nigeria is a diverse country. We should, therefore, embrace one another as brothers and sisters for our progress and development,” he said.

Senator Barau offered prayers for the repose of the souls of the victims and urged their families to remain calm, assuring them that the government would ensure justice is served.

 

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