Food prices in Kaduna soar, making Christmas celebrations unaffordable for many. Traders blame higher costs at depots and transport for the price hikes. Residents cite insecurity and fuel price hikes as factors driving up cost Prices of cooking gas and food items have surged in Kaduna, leaving many residents unable to afford the essentials needed … Read more
Traders and consumers in Lagos State are expressing relief following a recent drop in the price of beans, which had seen a significant rise in previous months. In interviews with the News Agency of Nigeria (NAN) on Friday, foodstuff traders and residents shared their satisfaction with the recent price adjustment. EDITOR’S PICKS PDP Declares Ethiope … Read more
The United Nations (UN) has projected that an additional 7 million Nigerians will face hunger by August 2025, as the country grapples with one of its most severe food crises. According to a joint report released by the Nigerian government and the UN. on Friday, approximately 33 million people are expected to experience food insecurity … Read more
The Minister of Power, Adebayo Adelabu, has stated that many Nigerians have stopped complaining about the high cost of petrol because they are no longer solely reliant on generators for electricity. Speaking during his keynote address at the 2024 Nigeria Energy Exhibition and Conference in Lagos, Adelabu addressed the theme, “Breaking Barriers in the New … Read more
The Federal Government has initiated the sale of 50 kg bags of rice for ₦40,000 in Abeokuta, the capital of Ogun State. This initiative is part of the government’s efforts to alleviate the current socioeconomic challenges stemming from the removal of subsidies on petroleum products. During a flag-off ceremony at the Arcade Ground in Abeokuta, … Read more
President Bola Tinubu reaffirmed his administration’s commitment to restoring peace in the northern regions affected by banditry and kidnapping, with a focus on allowing displaced farmers to return to their lands and boosting food production. Speaking during his 2024 Anniversary Broadcast on the occasion of Nigeria’s 64th Independence Day on October 1, 2024, Tinubu expressed … Read more
The Central Bank of Nigeria (CBN) has projected that lifting petroleum from the newly launched Dangote Refinery will help reduce food prices in Nigeria in the short to medium term. CBN Governor Olayemi Cardoso shared this outlook during a press conference following the 297th meeting of the Monetary Policy Committee (MPC) in Abuja. EKO HOT … Read more
The Federal Ministry of Agriculture and Food Security announced that the sale of subsidised rice to the public will begin on Monday, following an earlier distribution to civil and public servants. This initiative aims to alleviate the rising cost of rice, which has soared to as high as N90,000 per 50kg bag in some states. … Read more
Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church, has issued a stern warning to President Tinubu, urging him to take immediate action to prevent a massive protest that could cripple the Nigerian economy for two weeks. In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele emphasized that confusion will continue … Read more
Prices of essential food items like garri and tomatoes have significantly decreased in Anambra, Ebonyi, and Enugu states, bringing some relief to households. In Anambra, a bag of garri is now ₦75,000, down from ₦90,000 in June, while a basket of tomatoes has dropped from ₦100,000 to between ₦80,000 and ₦85,000. Similarly, the price of … Read more
Nigerians have strongly rejected the Presidency’s recent claim that food prices have been falling. Rinsola Abiola, the Senior Special Assistant on Citizenship and Leadership to President Bola Tinubu, stated during an appearance on AIT Weekend Show on Saturday, August 10, that online vendors have confirmed a decrease in food prices. She attributed this to the … Read more
Over 600,000 Nigerian households received direct cash transfers as the federal government resumed its payment scheme to improve social welfare and economic recovery. EKO HOT BLOG reports that Nigeria’s finance minister, Wale Edun, announced that over 600,000 households have received direct cash transfers from the federal government as part of the resumed payment scheme. Edun spoke … Read more
APC claims a Federal Government agency is feeding Nigerians with false inflation figures. Eko Hot Blog reports that the All Progressives Congress (APC) has baselessly claimed that the National Bureau of Statistics (NBS) is releasing false inflation figures to Nigerians. EDITOR’S PICKS Tunji Alausa, NAFDAC DG, NBMA DG Promise Action On Genetically Modified Foods Why … Read more
The rising prices of essential food commodities like rice, beans, and tomatoes in Nigeria are driven by economic fluctuations. The increasing prices of essential food commodities like rice, beans, and tomatoes in Nigeria are a significant concern for consumers and policymakers. This issue is complex, involving economic, environmental, logistical, and policy-related challenges. Addressing these issues … Read more
FG Speaks On Food Inflation, Reveals When Prices Will Drop. Government allocates special funds for infrastructure to bolster agriculture. Edun underscores global issue of food insecurity. EKO HOT BLOG reports that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assures Nigerians of forthcoming reductions in food prices. Edun elaborates on the government’s … Read more
LCCI warns of persistent food pricess increases in Nigeria International tensions and threats to key shipping routes exacerbate the impact on Nigeria’s market. Decentralization of agricultural activities, particularly into poultry and fisheries EKO HOT BLOG reports that the Lagos Chamber of Commerce and Industry (LCCI) has issued a warning that the soaring food prices in Nigeria … Read more
Tinubu’s Administration Speaks On Rising Food Prices, Economic Hardship. Minister Mohammed Idris highlights government’s intervention program during food distribution event in Sokoto. 42,000 metric tonnes of assorted grains released from National Strategic Food Reserve to aid vulnerable Nigerians. EKO HOT BLOG reports that President Bola Ahmed Tinubu’s administration has reassured Nigerians that the recent surge in … Read more
Essential food price surge in Nigeria due to recent policy changes. Protests erupt across the country demanding minimum wage increases to cope with rising costs. Instances of looting reported as citizens struggle with affordability of staple foods. EKO HOT BLOG reports that the cost of essential food commodities such as rice and beans has surged significantly … Read more
– Lagos residents discover optimism in discount markets – The discounted prices alleviate financial burdens – The Initiative by Lagos State Government provides relief for residents Eko hot blog reports that As food prices soar and economic struggles persist, Lagosians are finding solace in the Ounje Eko initiative rolled out by the state government. EDITOR’S … Read more
EKO HOT BLOG reports that the Ukrainian government has intervened by offering 25,000 tonnes of wheat as emergency food assistance to 1.3 million vulnerable individuals in northeast Nigeria, amid the country’s rising inflation and food price challenges. This information comes from a statement released by Atinuke Akande-Alegbe, the Senior Communications and Public Diplomacy Officer at the … Read more