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Special Report :Food Price, Market Claims and Expert Views

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By Yusuf Danjuma Yunusa

Recently, there have been reports claiming a drastic reduction in prices of raw food items in the market. According to Nairametrics, mid-2025 indicates a reduction in the prices of some raw food items in Nigeria, particularly staples like maize, rice, and yam, following a period of high inflation. This decline is attributed to increased local supply from new harvests, government interventions including import duty waivers, and improved logistics, though some processed foods and specific items have shown slower price reductions.

Also, the National Bureau of Statistics (NBS) recorded a marginal drop in overall inflation from 24.23% in March to 23.71% in April 2025, partly because of the falling prices of food and some commodities. Similarly, some news outlets like ThisDay newspaper, Daily Trust, and others noted significant reductions in prices of items like onions, pepper, yam, garri, and beans from the market analysis reports of experts. It’s a no-brainer that these reports are due to the increased agricultural outputs of the country. The country is evidently in its harvesting season of what farmers have cultivated. Hence, the temporary surplus of grains and vegetables is leading to price relief.

However, the reality of things seems different from the reports circulating about the reduction in food prices. Approaching restaurants or factories where some of these items are processed would give one a different experience from the reports being made. Why are there discrepancies between markets regarding the prices of these food items processed or not?

Experts Weighed In:

“Price rigidity could be one of the reasons for such a scenario,” said AbdulSalam Isiya, an economist.

Isiya revealed that it’s not always easy to have a balanced price tag for commodities like food items whenever there’s a price reduction because traders would always agitate to have their commodities in stock sold before applying the new price tag on newly purchased ones.

“For such a reason, you would see that not all markets would comply immediately with the reduction in prices. It will take time,” he said.

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Mr. Isiya also noted that traders usually don’t shy away from expressing their rational instincts:

“We see how transportation fares don’t reflect price reduction but quickly adjust to the prevailing high cost whenever an increment in fuel price is announced. That’s how human beings are.”

He continued, “Social economists usually paint this category of people who prioritize their interest over the masses as ‘greedy animals.'”

“Nonetheless, this price reduction might fully materialize if the principle of the invisible hand, as postulated by Adam Smith, works perfectly.”

Furthermore, a marketing lecturer at Ahmadu Bello University, Zaria, Dr. Junaidu Salih, said that it’s bound to happen that even after the reduction in prices of some food items, the expenses incurred during processing wouldn’t allow the price to reduce as some people are expecting:

“It’s believed in marketing that the working capital cost must be matched with commodities as they have undergone processes beyond what they were known for before their purchase from the market.”

“No trader would want to incur that loss. Since it takes a lot of combined efforts to bring a commodity to its finished stage, the cost of the efforts initiated must be compensated.”

He continued, “An entrepreneur is always driven by the ‘make more profit’ mentality. That’s why you see that prices of commodities quickly get traders’ attention to implement whenever they go up, rather than when they go down.”

Food Vendors Shared Their Experiences

Larai John, a food vendor at the Cook Village restaurant in Zaria, narrated that the price of food at the finished line of production is determined by several factors, excluding the price it’s sold for at the market when it’s still raw.

“You don’t expect me to exclude charging for the quality I make sure I give my food.”

She went as far as referencing a famous singer whose stage name is Flavour, when he mentioned in one of his lyrics that “better soup na money kill am.”

“That is why there is Buka and a restaurant. The amount you are charged depends on the quality of food you get,” Mrs. Larai posited.

Also, Mrs. Esther Auta, a raw food vendor at the Samaru Market in Zaria, argued that food items are bought from different places, and that conditions are attached to each of these places they purchase food items from:

“I might be selling rice that has stones inside it while my neighbor there might be selling the one without stones. You wouldn’t expect our prices to be the same. Definitely, hers would be costlier than mine.”

“And that is how restaurant owners who buy from us will also give different price tags,” she added.

Mrs. Auta also revealed that she always adds her transportation cost to the price of anything she buys before selling it to customers:

“Also, you don’t expect someone who bought his rice or beans from another state to have the same price tag as the one who bought his in Zaria here, maybe even a stone’s throw from his house.”

 

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PenCom Alleges Non-adherence to Pension Laws

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By Yusuf Danjuma Yunusa

 

The National Pension Commission has said that only seven states and the Federal Capital Territory are fully implementing pension reform laws despite widespread adoption of contributory pension frameworks across the country.

 

The Director-General of the National Pension Commission, Mrs Omolola Oloworaran, disclosed this on Thursday in Abuja during the maiden edition of the bi-annual consultative session for heads of service of states yet to adopt or fully implement the Contributory Pension Scheme or the Contributory Defined Benefits Scheme.

 

She said, “Out of the 36 states with pension reform laws on their books, only seven states, together with the Federal Capital Territory, are fully implementing these laws.”

 

The session was organised to encourage dialogue with affected state heads of service and to explore practical ways in which PenCom could provide technical support for the successful adoption and implementation of pension reforms at the sub-national level.

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According to Oloworaran, 30 states and the FCT had enacted laws on the contributory pension scheme or the contributory defined benefits scheme, while six states still had pension reform bills awaiting passage in their state assemblies.

 

She noted that 23 states had pension laws that were either inactive or only partially implemented, leaving many civil servants uncertain about their retirement future.

 

“That leaves 23 states whose laws are written, inactive, or only partially being implemented. Twenty-three sets of public servants or civil servants whose retirement future hangs in the balance, not because there is no law, but because the law has not been activated,” she said.

 

The PenCom boss described pension reform as a constitutional and fiscal obligation rather than a policy option, citing Section 210 of the 1999 Constitution, which guarantees pension rights for civil servants.

 

She said the old pension structure had failed because it created uncertainty and unsustainable liabilities, adding that the contributory pension scheme was introduced to promote accountability, sustainability, and transparency in pension administration.

 

Oloworaran stressed that the main challenge facing many states was no longer the passage of pension laws but the discipline required for implementation, including regular remittance of pension contributions and adequate funding of accrued pension rights.

 

“Across our states, the challenge is no longer the enactment of laws. The challenge is the discipline of execution. It is the regular and timely remittance of contributions. It is the adequate and consistent funding of accrued pension rights,” she stated.

 

She urged heads of service to see pension reform as part of their governance legacy, noting that the success or failure of implementation in states would largely depend on their commitment.

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NECO Computer-based Exams Will Commence this Year–Education Minister

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By Yusuf Danjuma Yunusa

 

 

The Federal Government on Thursday unveiled a major reform in Nigeria’s examination system with the introduction of computer-based examinations, CBE, by the National Examinations Council, NECO, as the nation celebrated the examination body’s 25 years of existence amid glowing tributes to its rise from a troubled national initiative to an internationally recognised.

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The minister of education, Dr Tunji Alausa, who announced the reform at NECO’s Silver Jubilee celebration in Abuja, declared that the transition to technology-driven examinations would significantly curb examination malpractice and reposition Nigeria’s assessment system for global competitiveness.

 

Speaking at the event held at the Bola Ahmed Tinubu Conference Centre, Garki, Abuja, Alausa described NECO as a “standard-bearer for credible external examinations”, saying the council had become a critical pillar in safeguarding integrity, fairness and accountability in Nigeria’s education sector.

 

“We are at the threshold of a very important reform, which NECO is spearheading, and that is the Computer-Based Examination, which is to commence this year,” the minister said.

 

According to him, the new system would provide real-time monitoring of candidates, track suspicious activities and drastically reduce examination fraud that has continued to undermine confidence in public examinations.

 

The minister said NECO’s 25-year journey reflected Nigeria’s determination to build a credible national examination system capable of guaranteeing equal opportunities for learners across the country.

 

He noted that the council had over the years strengthened examination security, improved reliability in scoring, widened access to examinations in underserved areas and embraced technological innovations that restored public confidence in national certification.

 

 

Alausa said the Ministry of Education would continue to provide policy direction and oversight to ensure NECO examinations aligned with national curricula, learning outcomes and broader development goals.

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2026Hajj: Nigerian Pilgrims Begin Movement from Madinah to Makkah

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By Yusuf Danjuma Yunusa

 

The National Hajj Commission of Nigeria (NAHCON) has announced that Nigerian pilgrims in Madinah have begun their movement to Makkah as of Thursday.

 

According to an update from the commission, the transfer commenced after the pilgrims had completed a four-day stay in Madinah.

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NAHCON further disclosed that the four official airlines handling this year’s Hajj operations—Max Air, Umza Airline, Air Peace, and Flynas—have so far transported 9,756 pilgrims to Saudi Arabia.

 

The commission also advised pilgrims intending to visit the Rawdah (the sacred area containing the Prophet Muhammad’s burial chamber in Madinah) before departing for Makkah to coordinate with their respective State Pilgrims’ Welfare Boards for proper guidance and scheduling.

 

“NAHCON wishes to assure the Nigerian contingent that officials of state pilgrims’ welfare boards have already been trained and adequately guided on the procedures for booking Rawdah visits,” the statement read.

 

“However, pilgrims are kindly reminded that due to congestion and crowd management measures, access to the Rawdah is strictly subject to space availability and approved bookings. Pilgrims are therefore advised to remain patient, orderly, and to heed the guidance of their Ulama regarding the validity and acceptance of their Hajj rites.”

 

The commission emphasized that while visiting the Rawdah is a blessed opportunity, it is not a condition for the validity of Hajj.

 

“Allah grants such opportunities according to His will,” NAHCON added.

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