Easter: Prices of perishables soar in Lagos markets

Two days to the Easter Celebration, of perishable food items have soared in in Lagos, the Agency of Nigeria (NAN) reports.

A survey conducted NAN in some Mile 12, Oyingbo and Mushin on Thursday and Friday showed that of some food items jumped more 25 per cent.

A 40 kilogramme (kg) basket of tomato, which was sold for N6,000 in March has risen to N8,000.

The price of a 50kg bag of Scotch Bonnet pepper jumped 50 per cent, selling for N14,000 against the N7,000.

Similarly, a 50kg basket of bell pepper (Tatashe) rose to N15,000 from N10,000.

The survey also showed that a 100kg basket of onions now selling for N19,000, up from N14,000 last month.

NAN also reports the price of 25 litres of vegetable oil has risen from N17,000 to N19,500 but the same quantity of palm oil dropped from N18,000 to N12,000.

However, of both and 50kg bag of rice remained the same N22,000 and N23,000 respectively for short grains in spite of the Easter celebration.

Mr Femi Odusanya, Spokesperson for Mile 12 Traders , attributed the situation to the seasonal nature of the farm produces.

According to him, harvest winding down; another planting season beginning and the variables of demand and supply factor caused the items to be more expensive.

Odusanya, however, appealed for the ’s intervention in the agricultural sector to engender scale mechanised farming to address scarcity.

He said that such scale farming would increase the sector’s Gross Domestic Product (GDP) contribution and improve the nation’s economy.

“What has happened that harvest winding down, supply reducing while demand is constant.

“And with the Easter celebration, demand has increased so the price would go up.

“What the can do is to initiate measures that would ensure mechanised farming all over the country.

“By so doing, the prices would be constant as supply is constant and able to meet up with consumption and processing into paste and other things for exportation.

“Money will also remain in the country, the nation will compete better in the Africa Continental Free Trade Area (AfCFTA) and disposable income will be more meaningful as people can plan better,’’ he said. (NAN)