Economic Hardship: Prices Of Food Items And Groceries Rises Drastically

Spaghetti now costs N950 instead of N80, a single egg is N300, butter is N1,400, sardines are N1,020, and a 50kg bag of rice is N77,000.

Staple food costs have increased in tandem with rising inflation.

According to reports, Nigerians' lives have become more difficult as a result of President Bola Tinubu's economic policies since he took office on May 29, 2023. Nigeria's inflation rate increased, according to the National Bureau of Statistics (NBS) on Thursday.

One pack of spaghetti, which used to cost N80, is now only N950; a carton of Titus fish, which used to cost N40,000, is now only N76,000; a medium-sized container of Blue Band butter, which used to cost N500, is now N1,400; a 50-kg bag of rice now costs N77,000 instead of N35,000; and a 100-kg bag of dry white old maize, which used to cost N18,000, is now sold for N58,000.

The cost of other food items has increased as well. For example, a single pack of Indomie, which was previously sold for N50, is now only N150; a pack of salt is now sold for N400 instead of N100; a paint bucket of garri, which was previously sold for N1,000, is now N3,000; a paint bucket of beans, which was previously sold for N1,500, is now N3,000; and the price of a small goat, which was previously sold for N15,000, has increased to N35,000.

Read: Economic Hardship: Unwarranted Utterances Against Tinubu's Government Attract Consequences

Further, the price of the cheapest toothpaste, MyMy, has increased from N150 to N500; a large Butterfield bread that used to sell for N350 now costs N900; and the cost of transportation, including the cost of a bus to load plantains from Ondo to Ogun State, is N100,000. The Nigeria Labour Congress announced on Friday that it would stage a two-day nationwide walkout on February 27 and 28, 2024, in an effort to pressure the federal government to address the nation's growing hunger and economic hardship.