Business
Fuel hike: Prices of food, services increase, citizens want FG’s intervention
NAN study in Abuja yesterday, showed that the increase in the prices of food and services was due to the hike in the pump price of petroleum products occasioned by the Middle East crisis.
The development had also caused a strain on both traders, business owners, consumers and other citizens as many households say they now spent more on feeding and to acquire basic goods and services.
NAN reports that both business owners, traders and consumers are lamenting the impact of the hike on their businesses and lifestyle.
They called for urgent government’s intervention to cushion the effect of the price hike.
At the popular Orange market located at the Abuja-Keffi road referred to as the ‘hub of bulk food market’, a big basket of tomatoes which sold between N9,000 and N10,000 in February was during the visit sold between N30,000 and N35,000.
A big bag of onions, which sold for between N15,000 to N25,000 was now being sold for between N40,000 and N45,000 while a dustbin basket of onions, which used to sell for between N3,000 and N3,500 was now being sold for between N4,000 and N5,000.
Five tubers of yam which sold for between N6,000 and N6,500 was now being sold for between N8,000 and N10,000 depending on the size.
One module (mudu) of white beans which was sold for between N800 and N1300 was now being sold for between N1,500 and N1,600 while brown beans which was N1,500 was now N1,800.
At Orozo market, five tubers of medium sized yam sold for between N5,000 and N6,000 was now being sold for between N8,500 and N9,000 while the small size ones were being sold for N5,000.
A module (mudu) of brown beans formally sold for between N600 and N700 was now being sold for N1,300.
A small basket of pepper which was sold for N5, 000 before, was now being sold for N9,000 while a small dustbin basket of tatashe was now being sold for N6,000.
Five pieces of big sized yam was now being sold for N15,000 as against N12,000 while a small basket of onions now went for N5,500 as against the N4,000 initial price.
At Wuse market, a small dustbin basket of tomatoes sold for between N3,000 and N24,000 was now being sold for between N6,000 and N8,000.
A dustbin basket of pepper which sold for N7,000 now went for between N9,000 and N10,000 while the same measure of tatashe was now being sold for N7,000.
A big sized tuber of yam was now being sold at Wuse market for between N10,000 and N15,000 while a small sized one now went for N8,000.
At Utako market, a dustbin basket of sweet potatoes formally sold between N1,500 and N2,000 was now being sold between N3,000 and N4,000.
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