Following the President’s decree, Federal Competition and Consumer Protection Commission agents searched several supermarkets in Abuja last week for engaging in unfair pricing practices, threatening to expand the operation to other states. Nonetheless, the most recent data from our correspondents revealed that the cost of staple foods like garri and beans had increased by at least 30%. The states of Lagos, Ogun, Gombe, Kwara, Sokoto, Ekiti, Osun, and Niger hosted the surveys. Major food staples have seen
Officials from the Federal Competition and Consumer Protection Commission raided some stores in Abuja last week over discriminatory pricing in response to the President’s decision, and they promised to expand the operation to other states. But according to the most recent information provided by our correspondents, the cost of staple foods like garri and beans had increased by at least 30%. Surveys were carried out in the states of Lagos, Ogun, Gombe, Kwara, Sokoto, Ekiti, Osun, and Niger. The cost of staple foods has increased over the last few months, particularly since Tinubu devalued the naira and eliminated the gasoline subsidy. Nigerians are having a harder time putting food on the table as the country’s inflationary pressure increases. Things worsened when the nairaprice increases in recent months, particularly since Tinubu devalued the naira and eliminated the petrol subsidy. The increasing pressure of inflation in the nation has made it harder for Nigerians to put food on their tables. This was even worse when the naira
