Good News! Jubilation In Lagos As Prices Of Food Massively Crash (See New Price List)

Prices of food condiments in Lagos have recorded a dip in price ahead of the Christmas and New Year celebration.

NAN reports that in most major Lagos markets, prices of tomatoes and pepper have reduced by 55 per cent.


A survey of Mile 12 and Iddo markets revealed that a basket of tomatoes which previously cost N9,000 now sells for N5,000. Tatashe and chilli pepper used to sell for N4, 500 and N4,000 respectively as against N8,000 in November.

The price of jute bag of onion was sold for N28, 000 but its price has dropped to N17, 000. The price of garri has also dropped to N650.

Mr Femi Odusanya who is the spokesperson of the Mile 12 Traders Association revealed that the drop in price was due to massive harvest during the season.

He said: “Most farmers are harvesting their produce now leading to surplus and drop in prices of the items in the market. “Our appeal to government is to mop up the excesses through preservation because prices will further drop until April when the produce will not be in season. “We do not want a repeat of previous experience that we had much food waste due to our inability to preserve the excesses.”

He called on the government to take steps that will see to the boost of production from farmers.

The dip in price was also noted at Daleko Market with the price of rice ranging from N16,000 and N24,000.

Mrs Yinka Okunola attributed the high cost of rice to low availability of local rice and fall of the Naira.

“We do not have the locally produced rice in the market, and when available it competes favourably with the imported rice and forces a reduction in the prices of rice.”