Chief Curator
It isn’t news that the Nigerian economy is in a recession and inflation has hit the market. One dollar that used to be N190 has reached a ridiculously high value of N500 and this has drastically changed the price of many essential goods and services. Let us take a look at the prices of some of these essential items before the recession, and now.
- Rice:
Doubled in price as it went from N10,000 to N20,000 on the average per bag.
- Beans:
Which is widely accepted to be the brother of rice went up from N18,000 to N27,000 per bag.
- Vegetable Oil
25 liters of this essential commodity went from N6,500 to N13,000 – a 100 percent increase. Price of Palm Oil also doubled, from N5,000 to N10,000
- Yam Flour
Popularly known as Elubo, yam flour which is used to make Amala saw an increment of N20,000 as the price changed from N40,000 to N60,000
- Garri
Our dear garri, one of the most common food in the land went from N8,000 to N12,000 per bag
Kuku kill us
- Flour
50Kg of flour has gone up from N8,640 to N10,800. Incase you’re wondering why puff puff, buns, meatpie and so on has added price
