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Food Prices In Nigeria Went Up In September – Nigeria Bureau of Statistics

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Food prices in Nigeria increased in September according to data from the National Bureau of Statistics (NBS).

NBS made the assertion in a report titled ‘Selected food price watch data’ for the month of September 2020.

The report said the average price of one dozen of eggs medium size increased year-on-year by 5.245% and month-on-month by 0.37% to N480.76 in September 2020 from N478.97 in August 2020.

It stated that the average price of eggs medium size (price of one) increased year-on-year by 3.87 % and month-on-month by 0.28 % to N42.90 in September from N42.78 in August.

The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 39.07% and month-on-month by 2.87% to N516.13 in September 2020 from N501.71 in August.

Meanwhile, the average price of 1kg of tomato increased year-on-year by 26.12% and decreased month-on-month by -1.01% to N286.92 in September from N289.86 in August.

Similarly, it added, the average price of 1kg of yam tuber increased year-on-year by 29.11% and decreased month on month by -4.08% to N245.62 in September 2020 from N256.06 in August 2020.

Incidentally, as the 24hour curfew across many states in Nigeria last, after the resent spat of violent attacks in some cities it has impacted on current prices. And cause more increase. Now, a piece of egg now sells for N70 to N100 each.

The prices of other food items have increased and could further spiked if movement restrictions are not relaxed very soon.

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NC Village Square | The Rising Insecurity in Nigeria

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Nigeria is in a security crisis and too many of these incidents have gone unchecked. Boko Haram and ISWAP terrorists are killing with reckless abandon, and the Nigerian people want an end to the bloodshed.

Watch Sulaiman Aledeh as he discusses the rising insecurity in Nigeria with a Security expert from Abuja, Kabir Adamu and a preventive terrorism expert from the UK, Temitope Olodo.

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NC Village Square | What Attributed To The Resurgence Of Terrorism In Nigeria?

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Boko Haram has risen and returned with damning destruction. Nigeria’s President, Muhammadu Buhari has been asked to sack the nation’s Service Chiefs now, before the nation is plunged into a state it may never recover from. The coming days will tell how serious the Nigerian government is about its own people, their stability and security.

Watch Village Square Africa with Sulaiman Aledeh as he asks a retired commodore, Abimbola Ayuba and African affairs analyst, Lanre Suraj what attributed to the resurgence of terrorism in Nigeria.

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Business Edge | CBN Directs Banks to Close International Monetary Transfer Operators’ Proceeds

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Today on Business Edge, Tolulope Adeleru-Balogun and Tunji Andrews, Financial Analyst and Co-founder Awabah talked about the following and how it affects you and I: 1. Nigeria’s CBN Directs Banks to Close International Monetary Transfer Operators’ (IMTOs) Proceeds 2. Forex Liquidity and the Risks to Nigerian Banks’ Ratings according to Fitch

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