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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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BREAKING: INEC Declares Adeleke Winner of Osun Guber Election

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By Yusuf Danjuma Yunusa

The Independent National Electoral Commission (INEC) has declared incumbent Governor Ademola Adeleke the winner of the Osun State governorship election, defeating his closest rival, Bola Oyebamiji of the All Progressives Congress (APC).

Mr Adeleke, the Accord Party candidate, was announced winner by the state returning officer in the early hours of Sunday after a fiercely contested poll across the state’s 30 local government areas.

Mr Oyebamiji, the state’s former finance commissioner, came second, while the African Democratic Congress (ADC) candidate, Najeem Salaam, emerged as the second runner-up.

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A total of 15 political parties contested the election, with 1,906,390 permanent voter cards collected, according to the electoral umpire.

Mr Adeleke, who defected from the Peoples Democratic Party (PDP), under which he won his first election in 2022, had touted his achievements in the state’s economy, infrastructure, pension payments, the health sector, and digital transformation.

INEC announced on Sunday that Mr Adeleke won in local councils, including Oriade, Osogbo, Orolu, Ife Central, Ilesha-West, Ife-North, Ede South, Ifedayo, Boluwaduro, Iwo and Ifelodun.

Mr Oyebamiji won in Ilesha South, Boripe, Irepodun, Obokun, and Atakumosa West.

“Osun is no longer offline. Osun is awake—digitally and economically,” the governor said while highlighting his achievements recently. “We pay what is owed. We respect those who served. This is not politics. This is performance. This is leadership with results. Osun is rising—and we are not turning back.”

Before the election, he repeatedly alleged attempts to disrupt it. He had also vowed to constitute an independent commission of inquiry after Saturday’s governorship election to investigate all reported killings and acts of violence connected with the electioneering.

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Civilian Sponsors Were Indispensable to Every Successful Coup in Nigeria, Says Babangida

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General Ibrahim Badamasi Babangida

 

By Yusuf Danjuma Yunusa

Former military Head of State, General Ibrahim Badamasi Babangida (retd.), has asserted that every successful military coup in Nigeria’s history has depended on active support or sponsorship from civilians, challenging the long-held narrative that the country’s political upheavals were purely soldier-led affairs.

In an interview with Badeggi 90.1 FM in Minna, aired ahead of his 85th birthday on Monday, the former president stated that wealthy civilians have historically played instrumental roles in funding and facilitating military takeovers.

“No successful coup in Nigeria’s history had occurred without civilian involvement,” Babangida declared, according to a transcript of the interview cited by THISDAY.

The former leader used the occasion to offer a rare, personal reflection on the 1985 coup plot against his administration, which led to the trial and execution of his close friend and cabinet colleague, Major-General Mamman Vatsa, then Minister of the Federal Capital Territory.

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Babangida recounted that he initially struggled to believe intelligence reports linking Vatsa to the conspiracy, given their decades-long friendship. The two had grown up together, attended Bida Middle School, and enlisted in the military in the same year.

He said he summoned both Vatsa and General Mohammed Gado Nasko to his office after a senior officer implicated them. “When they arrived, I asked them about the reports that they had been mentioned in a plot to topple my government. Both of them denied any involvement,” Babangida recalled.

A military commission of inquiry was subsequently established. While Nasko was cleared, the panel found evidence against Vatsa. Babangida described himself as “shocked, devastated and deeply disappointed” by the findings but insisted that military law left him no room for clemency.

“There was nothing I could do to exonerate him from the consequences prescribed by military law. My hands were tied. That was how I lost my brother, General Mamman Vatsa,” he said. Vatsa was executed by firing squad in March 1986.

Turning to contemporary issues, Babangida urged Nigerians to remain patient and supportive of President Bola Tinubu’s administration amid ongoing economic hardships and security crises.

He expressed confidence that the government’s current policies would eventually yield positive results, calling for national hope and resilience during the challenging transition.

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Residents of Lokon Kango in Mandawari Area, Kano, Seek Government Intervention Over Poor Drainage

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Residents of Lokon Kango in the Mandawari area of Kano metropolis have called on the government to intervene over the deplorable state of drainage channels in their community, which they say has led to the collapse of two houses.

Mallam Anas Tanga, one of the coordinators of community sanitation efforts in the area, said residents have been doing their best to clear the drains, but their efforts are not enough.

“We are doing our best, alongside other youths. For years, we have been involved in clearing these drains,” he said. “But the extent of the damage is such that even after we do the work, it doesn’t take long before the problem returns.”

On his part, a community elder, Mallam Abubakar, told our reporter how the poor drainage system contributed to the collapse of at least two houses.

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“These houses you see here collapsed as a result of the lack of proper drainage,” he said. “Anytime there is heavy rain, especially at night, we live in fear.”

He appealed to relevant stakeholders to come to their aid.

Malama Ladidi, one of the residents whose home is flooded during the rainy season, also lamented her situation.

“The rainy season is terrible for us and our children,” she said. “We go through a lot of hardship. We don’t even sleep until we have drained the water that enters our rooms. This is a big problem. The youths are trying their best, but the government must step in.”

Finally, one of the youths in the community spoke about the role they played during elections, only to be neglected afterwards.

“All our neighboring areas have had this work done, except us. We are really suffering,” he said. “We helped bring this government to power. We contributed, but now we are not benefiting from anything.”

The residents said they had earlier reported the problem to authorities, particularly the Gwale Local Government, but nothing had been done.

In an effort to get the government’s side of the story, we visited the office of the Gwale Local Government Chairman, Hon. Abubakar Mu’azu Mojo. However, he was not available.

We also tried to reach him by phone and text message, but as of the time of filing this report, we had not received any response from him.

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