Food Costs Are Still Skyrocketing Even With Naira's Appreciation

NIGERIANS have strong expectations that food costs will drop, notwithstanding the naira's recent gains versus the dollar on the black market.

Contrary opinions have been expressed in a recent market survey by Nigerian Tribune, which found that while some food prices increased this week over last, others stayed the same.

A kilogram of pork sold for N5000 at the Maitama Market in Kubwa Village, Abuja, last week, and it continued to be priced at that level this week.

Last week, a kilogram of hard chicken cost N4700 in this same market; this week, the price increased to N5300. Titus Fish kept its N5000 per kilogram price from the previous week.

Last week, a kilogram of hard chicken cost N4700 in this same market; this week, the price increased to N5300. Titus Fish kept its price per kilogram at N5000 from the previous week to this one.

The cost of beans per mudu stayed at N2000, while the price of rice per mudu remained at N2000, N2200, or N2400 depending on the product.

Crayfish went from selling for N3500 per mudu last week to N4000 this week, while garri remained at N1000 per mudu for the whole of this week.

Additionally, two weeks ago on Monday, a medium carton of dried fish (asa) sold for N90,000; the following Monday, the same fish went for N100,000.

Food costs are generally still rising. Some of the marketers expressed dissatisfaction over the continued high cost of transportation.