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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.

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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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Xenophobia: FG Hints at Economic Crackdown on South African Giants MTN, DStv

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By Yusuf Danjuma Yunusa

The Federal Government has hinted at possible measures against South African companies operating in Nigeria, including telecommunications giant MTN, as outrage grows over the continued harassment and attacks on Nigerians living in South Africa.

Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, disclosed this on Thursday, while addressing concerns over the worsening anti-migrant attacks in South Africa and the evacuation of Nigerians from the country.

The minister said Nigeria had exercised restraint and continued to pursue diplomatic engagements but warned that the government might be compelled to explore other options if the attacks persist.

“As I indicated before, there are these huge conglomerates. By the way, there are over 120 South African companies operating in Nigeria.

“Nobody is asking them to provide proof of identity. Nobody is asking South African staff working there whether they are South Africans or Nigerians, and nobody is taking over their shops or businesses.

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“But this is happening to Nigerians in South Africa. So, I think that at some point, we really have to review the options available to us.

“We have MTN, MultiChoice, Stanbic, Protea and many other South African brands spanning multiple sectors,” Odumegwu-Ojukwu said.

The minister, however, stressed that any retaliatory measures would have to follow constitutional provisions and due legislative process.

She explained that the Federal Government was currently engaging South African authorities through diplomatic channels, while the National Assembly would play a constitutional role in determining Nigeria’s response should those efforts fail.

The minister also disclosed that the South African authorities discarded their memorandum of understanding with Nigeria on early warning mechanism which they had signed in October 2025.

She added that the pact was essentially to protect the lives and property of both Nigerians and South Africans in times of conflict like this.

“When it comes to situations like this, of course, it is necessary to be temperate and exercise caution. But when your citizens are being harassed, when your citizens are people who have spent years there, and mind you, some of them are married to South Africans and have children who have known no other home but South Africa, then it becomes a serious concern.

“Now, under these circumstances, they are asking not just Nigerians, but also their South African spouses and their children, to leave South Africa,” the minister said.

Recall that in May, th esenator representing Edo North, Adams Oshiomhole, called for the revocation of licences of South African companies operating in Nigeria, including MTN and MultiChoice, owners of DSTV, following renewed xenophobic attacks against Nigerians in South Africa.

The National Assembly also condemned the attacks, urging the federal government to take immediate diplomatic and protective measures to safeguard Nigerian citizens abroad.

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Accord Party Members in Kano Back Court Ruling, Reaffirm Support for Olawepo-Hashim

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Members, stakeholders and supporters of the Accord Party in Kano State have welcomed the recent intervention of the Court of Appeal in Abuja over the attempted deregistration of political parties by the Independent National Electoral Commission (INEC), describing the decision as a victory for democracy and the rule of law.

The position was contained in a communiqué issued at the end of an emergency meeting of Accord Party members and supporters of Dr. Gbenga Olawepo-Hashim held on Saturday at the Nigeria Union of Journalists (NUJ) Secretariat Conference Hall in Kano, according to the statement signed by the party’s Women Leader, Ambassador Aisha Ibrahim Ya’u, and North West Coordinator, Bashir Muhammad Goje Alade.

According to the communiqué, representatives from all 44 local government areas of Kano State attended the meeting to deliberate on recent judicial developments surrounding the Federal High Court judgment that ordered the deregistration of five political parties, including the Accord Party.

The gathering commended the Court of Appeal sitting in Abuja for granting a stay of execution of the Federal High Court judgment, stating that the appellate court’s action demonstrated a commitment to justice, due process and constitutional governance, according to the communiqué.

The party members expressed confidence in the Nigerian judiciary, describing it as a critical institution for safeguarding democracy and protecting citizens’ rights, the statement said. They noted that the Court of Appeal’s intervention had strengthened public trust in the judicial process and reaffirmed the importance of respecting established legal procedures.

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The meeting also reassured party members and supporters that the Accord Party remains a legally recognised political party pending the final determination of the matter before the courts, according to the communiqué. Participants stressed that all structures, organs and activities of the party remain valid and operational across the country.

In addition, attendees emphasised the importance of political pluralism in sustaining democratic governance, arguing that citizens should continue to enjoy a wide range of political choices, the statement noted. The meeting pledged support for all lawful efforts aimed at preserving multiparty democracy and promoting inclusive political participation.

The stakeholders commended Accord Party members across Kano State and other parts of the country for remaining calm and committed despite the uncertainty generated by the legal dispute, according to the communiqué. They praised supporters for demonstrating maturity and dedication to democratic ideals during the period.

The meeting further reaffirmed its support for Dr. Gbenga Olawepo-Hashim, describing him as a leader committed to national unity, prosperity and democratic development, the statement said. Participants urged party supporters to remain peaceful and focused on advancing the programmes and objectives of the party.

The stakeholders also called on political actors, institutions and other interested parties to respect ongoing judicial proceedings and avoid comments or actions that could interfere with the legal process, according to the communiqué.

At the conclusion of the meeting, participants passed a unanimous vote of confidence in the leadership of Dr. Gbenga Olawepo-Hashim, citing his efforts to strengthen the Accord Party’s structures and presence across wards, local government areas and communities in Kano State and throughout Nigeria, the statement added.

The communiqué was jointly signed by Ambassador Aisha Ibrahim Ya’u, Women Leader, and Bashir Muhammad Goje Alade, North West Coordinator of the Accord Party support group.

 

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In a leaked letter: Deputy Senate President Writes Minister, Seeks Revocation of multi billion Naira Kano–Gwarzo–Dayi Road Contract Over Poor Performance

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The Deputy President of the Senate, Barau I. Jibrin, has written to the Minister of Works, Dave Umahi, requesting the revocation of the contract for the Kano–Gwarzo–Dayi Road project due to the contractor’s poor performance.

The project involves upgrading the approximately 100-kilometre single-lane Kano–Gwarzo–Dayi road into a dual carriageway to improve transportation and facilitate the movement of agricultural produce from rural communities to markets across neighbouring states.

In a leaked letter, sighted by our correspondent which was personally signed by Senator Barau, the lawmaker expressed serious concern over the performance of CGC Nigeria Limited, the contractor handling the project, which was received at the Ministry of Works headquarters on June 8, 2026, noted that despite the allocations of billions to the company.

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Senator Barau stressed that the continued delay in completing the project has negatively affected residents, commuters, and economic activities along the corridor, and called for urgent and immediate action by the Ministry of Works.

According to the letter:
“Given the strategic importance of the Kano–Dayi Road to the socio-economic development of Kano, Katsina and Kebbi States, it is deeply concerning that the contractor has failed to make satisfactory progress despite the allocation of N19 billion and N37 billion to the project under the 2025 and 2026 Appropriation Acts, respectively.

“This persistent lack of progress has resulted in undue hardship for residents, commuters, and other road users.

“In view of the persistent delays and the contractor’s apparent inability to meet expected project milestones, I urge the Ministry to undertake an immediate assessment of its performance and revoke the contract in the interest of the public.”

 

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