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ProfRem
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As Nigeria celebrates its 56th independence anniversary, some women in the Federal Capital Territory (FCT) have decried the continuous hike in the prices of food items in the market as carton of fish hit N22,000.
Some of them, who spoke with newsmen in Abuja on Friday called on government at all levels to introduce price regulatory system to protect the consumers from unwarranted price hike.
Mrs Agnes Itoro, a housewife, told pressmen that some traders were using the pretext of the economic recession to hike prices of food items on a daily basis and indiscriminately. “My husband gives me N10, 000 for the purchase of food items every month for four members of my house. But now even if he releases N15, 000 or even N20, 000, it will not be enough for the list of items I normally purchase.
“I normally use some of the remaining monies from the market to cater for my needs.
“Now, it is not even enough for the items we need at home monthly,’’ she said.
- A carton of iced fish at Utako market, previously sold between N12, 000 and N12, 500, is now being sold at N22, 000 depending on the specie of the fish at Nyanya market.
- A bag of rice which was sold between N7, 000 and N12, 000 now goes for between N17, 000 and N22, 000 in all major markets.
- A 20 litres gallon of red oil which was sold between N7, 000 and N9, 000, now sells for N12, 500 at Mararaba market.
- A 20 litres gallon of vegetable oil sold at N6, 000 and N8, 000 previously now sells at between N12, 000 to N13, 000. A bag of garri which was sold at N6, 000 is now being sold between N10, 000 and N12, 000.
Mrs Uche Ajegba, an iced fish seller at the market, attributed the increase in the price of fish to increase in import duty and exchange rate. Some traders in the market told newsmen that they were selling according to the price they bought the products.
Source: Vangaurd
Some of them, who spoke with newsmen in Abuja on Friday called on government at all levels to introduce price regulatory system to protect the consumers from unwarranted price hike.
Mrs Agnes Itoro, a housewife, told pressmen that some traders were using the pretext of the economic recession to hike prices of food items on a daily basis and indiscriminately. “My husband gives me N10, 000 for the purchase of food items every month for four members of my house. But now even if he releases N15, 000 or even N20, 000, it will not be enough for the list of items I normally purchase.
“I normally use some of the remaining monies from the market to cater for my needs.
“Now, it is not even enough for the items we need at home monthly,’’ she said.
- A carton of iced fish at Utako market, previously sold between N12, 000 and N12, 500, is now being sold at N22, 000 depending on the specie of the fish at Nyanya market.
- A bag of rice which was sold between N7, 000 and N12, 000 now goes for between N17, 000 and N22, 000 in all major markets.
- A 20 litres gallon of red oil which was sold between N7, 000 and N9, 000, now sells for N12, 500 at Mararaba market.
- A 20 litres gallon of vegetable oil sold at N6, 000 and N8, 000 previously now sells at between N12, 000 to N13, 000. A bag of garri which was sold at N6, 000 is now being sold between N10, 000 and N12, 000.
Mrs Uche Ajegba, an iced fish seller at the market, attributed the increase in the price of fish to increase in import duty and exchange rate. Some traders in the market told newsmen that they were selling according to the price they bought the products.
Source: Vangaurd
