In a recent development that promises relief to the masses, the Federal Government of Nigeria has announced a strategic plan aimed at significantly reducing food prices across the nation within the next six months.
The declaration, made by the Minister of Agriculture and Food Security, Abubakar Kyari, comes amid widespread concerns about the soaring cost of living and the deepening food insecurity in the country.
On Wednesday, July 10, Minister Kyari outlined the government’s commitment to implementing robust policies designed to address the current food crisis.
According to him, these measures are expected to alleviate the hardship faced by millions of Nigerians who have been vocal about their struggles with escalating food prices.
Naija News reported the announcement at a time when frustration and hunger are palpable among the citizenry, exacerbated by economic challenges and inflationary pressures that have plagued the Nigerian economy.
The government’s plan involves a series of interventions that focus on boosting agricultural productivity, enhancing food supply chains, and stabilizing prices in local markets. These efforts are part of a broader economic recovery strategy aimed at ensuring food security and sustainable growth.
Here is the price of major food commodities this week:
Price Of Bag Of Rice
Foreign rice – ₦78,000
Nigerian Rice (Stone Free) And Foreign Rice Of All Kinds – ₦65,000
50kg Bag of Golden Rice Nigeria Rice – ₦75,000
Price of bag of Beans
White Beans 25kg ₦30,000
Brown Beans 25kg ₦30,000
Honey beans 25kg ₦37,500
White Beans 50kg ₦60,500
Brown Beans 50kg ₦60,000
Honey beans 50kg ₦75,000
White Beans 100kg ₦120,000
Brown Beans 100kg ₦120,000
Honey beans 100kg ₦150,000
Price Of Bag Of Garri
1kg – ₦1,500
5kg – ₦7,500
10kg – ₦15,000
Tomatoes
A small basket of tomatoes sells for ₦6,500
A big basket of premium quality fresh tomatoes sells for around ₦45,000 to ₦70,000
Price of Garri
1kg ₦1,000
5kg ₦5,000
10kg ₦10,000
25kg ₦25,000
50kg ₦50,000
100kg ₦100,000
1 ton ₦1,000,000
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