ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, July 2, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

Nigerians Dispute Presidency’s Claim of Decreasing Food Prices In Markets

Nigerians on social media, X platform, said the statement from the Presidency did not tally with what is obtainable in the markets.

by NewsOnline Nigeria
August 17, 2024
in Economy And Business
0
Food Prices In Markets

Nigerians have disputed the presidency’s claim of decreasing food prices in markets.

 

NewsOnline Nigeria reports that Nigerians have rejected the Presidency’s statement that prices of foodstuffs have been falling recently.

 

This Nigeria news platform understands that the Senior Special Assistant on Citizenship and Leadership to President Bola Tinubu, Rinsola Abiola, while speaking on AIT Weekend Show, on Saturday (10 August), said online vendors confirmed that food prices have started decreasing.

 

ALSO: Chinese Firm Pities Nigeria, Releases One Seized Jet For Tinubu To Travel

Mrs Abiola said the decrease in the prices of foodstuffs is a testament to the federal government’s initiatives towards addressing economic hardship and hunger, which are yielding results.

 

Nigerians on social media, X platform, said the statement from the Presidency did not tally with what is obtainable in the markets.

 

Nigerians made their opinions while reacting to a poll by Obianuju Udeh, known as DJ Switch, one of the leaders of the #Endsars protest.

 

DJ Switch, on Friday, wrote, “I have come across some tweets and a report saying food prices are down. My question is, is it true prices are down? If so, that would be good news. Please share what you are experiencing on ground.”

 

In reaction, Nigerians disagreed with the position of Rinsola Abiola. They said prices of food remained the same. On tomatoes price Mrs Abiola said came down from ₦180,000 to ₦35,000; an X user, Chinedu Okoli said there was more supply in the market due to the harvest period and not actually as a result of government policies.

 

For IBEZYMAKO, @Bis_realibeh, “Prices of food items remain the same. Transportation fare is on the increase because of cost of PMS and nobody is talking about it. Government of deceptive propaganda.”

 

Ozagu. enterprises, @OzaguE98786, argued that “it is only in the Tinubu market that items are cheap. Semo 10kg a year ago ₦6400, two months ago ₦12,300, now ₦16000-₦18000, Beans ₦5000, Yam(3) ₦7500, Milo refill ₦5500, Garri ₦2000, Rice bag ₦78000. The truth is, most have stopped eating a lot of food; Items are not affordable by most Nigerians.”

 

Joseph Olawale Bamidele, @olawale_bam, said, “A liter fuel now sells for at least ₦700 to ₦900. Black market goes for ₦1,300. Mudu of rice is still ₦2,700. Food price coming down is propaganda. APC will crumble.”

 

Chinedu Okoli, @chineduokoli_,: “The truth is that this is harvesting period for some crops. It will slow inflation but this is just temporary cos once this phase wears off, the food prices will double.

 

“Prices that have gone down are perishable goods o, like tomatoes and pepper that can not be stored for long period.”

 

Saint Adaugoijele, @JustAdaugoijele, said, “Please, no food price is down. It’s still increasing.”

 

Daniel Alabi, @alabi_daniel, argued, “We bought rice last month btw ₦1,200 – ₦1,300 per Derica in Itele area of Ogun State and Lagos. We still buy it same today.”

 

SPECIAL, @special_Ada_Ide, said, “Which food prices come down? Shey for this Lagos Nigeria abi from other states?

 

“A bag of rice (my choice ) ₦82k, fuel ₦900 per liter, black market is more than this, beans – a derica cup is ₦2,200, semo ₦15k.”

Previous Post

Notorious Criminal, Bashir Hadejia Linked To Top Past, Present Government Officials (FULL LIST)

Next Post

IgboMustGo Incitement Of Terrorism, Genocide – Ejimakor

Next Post
Ejimakor

IgboMustGo Incitement Of Terrorism, Genocide – Ejimakor

Trending Stories

Food Prices In Markets

Nigerians Dispute Presidency’s Claim of Decreasing Food Prices In Markets

Death

Is Death the Enemy We Fear or the Friend We Misunderstand? By Festus Edovia

Baltasar Engonga Wife Video Knacking Another Man

Watch Full Baltasar Engonga Wife Video Knacking Another Man [#BaltasarEngonga]

Festus Edovia

Op-Ed: Do We Still Have a Country Called Nigeria? By Festus Edovia

OnlyFans Sex Videos Of Anita Brown

Watch OnlyFans Sex Videos Of Anita Brown, Davido’s New Baby Mama

Happy New Month Messages

150+ Happy New Month Messages, Wishes And Prayers For July 2026

John Fogerty Net Worth

John Fogerty Net Worth 2023, Biography, Age, Birthdate, Ethnicity, Nationality, Career

Access Bank Recruitment 2021

List of Access Bank Sort Codes and Branches (with addresses) in Nigeria

Sex Tape

President 50-Year Old Daughter’s Sex Tape Breaks The Internet (WATCH HERE)

Omoge Saida

Popular Socialite Omoge Saida’s Private Video Sparks Outrage Online (WATCH VIDEO HERE)

Latest Stories

Google

Google Announces New AI, Cloud and Startup Initiatives at Africa Cloud Summit

Death

Is Death the Enemy We Fear or the Friend We Misunderstand? By Festus Edovia

Microfinance Banks

BREAKING: CBN Revokes Operating Licences of 46 Microfinance Banks (Full List)

Hackaholics 7.0

Wema Bank Launches Hackaholics 7.0, Unveils New Tracks and Millions in Grants for African Startups

Keystone Bank

Court Declares Keystone Bank Staff Wanted Over Alleged N35 Million Fraud

Bumper Account Anniversary Bonuses

UBA Rewards Customers With Over ₦400 Million in Bumper Account Anniversary Bonuses

APC

APC Drops Gabriel Suswam, 24 Other National Assembly Aspirants From Final INEC Candidates List

NYSC Overhaul

Tinubu Defends NYSC Overhaul, Says Nigeria Needs a New Approach

Former Science Minister Uche Nnaji

BREAKING: Former Science Minister Uche Nnaji Arrested at Enugu Airport, Faces ICPC Probe

Nigerian Leaders

Nigerian Leaders Should Cut Their Salaries Before Asking Citizens to Sacrifice – Festus Edovia

NewsOnline 2026

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria