The latest household survey carried out by Nairametrics Research has shown a sudden spike in the prices of locally made palm oil. According to data gathered from various markets, a 25-litre gallon of palm oil which was initially sold for an average price of N8,825 is now being sold for N10,750. This means that the price of palm oil prices rose by 22%.
On the other hand, prices of tomatoes and melon have eased off in the past weeks. Specifically, the research team visited four major markets in Lagos State to gather the prices of essential household commodities, and the report shows that some items recorded a significant decline, while others slightly increased.
A decline in prices: According to the survey, there was a decline in household items such as Royal Stallion rice (50kg rice), Mama’s Pride local rice, Golden Penny noodles, Baskets of potatoes, Irish potatoes, groundnut oil (25 Litres), Plantain, Milo (Tin 900g), and round-shaped tomatoes.
- Tubers of potatoes recorded a significant decrease in price as a big basket of sweet potatoes is now being sold for N4,000, down from the initial N4,500 sold two weeks earlier.
- Also, the price of the biggest basket of Irish potatoes dropped from the initial N20,000 to N15,000, indicating a 25% decrease in price.
- A bunch of bananas, that was sold for an average price of N500 two weeks ago, is now sold for an average price of N463, though Oyingbo market still sells the commodity for N500; thereby maintaining its initial price.
The Prices of tomatoes are gradually easing, according to the latest market survey. A big basket of round tomatoes that was initially sold for N12,000 has again dropped by to N11,000, gradually inching towards its initial cost of N8,000 in the first week of May.
- A medium basket of round tomatoes is now sold for N6,500 as compared to N7,000 for which it was being sold in the first week of July.
- Also, a big basket of oval-shaped tomatoes is being sold for N6,000 while the small basket goes for N1,500.
The graph below shows the trend of the price of the commodity over the past three months as it looks likely to reduce further in the coming weeks.
Rise in other items: Apart from palm oil that recorded a big increase, other items which witnessed a slight increment within the past two weeks include, Basmati rice (5kg), Rice Master & Mama Gold rice (50kg), tubers of yam and cassava flakes (yellow garri). These are slight increases in prices.
The Special Market: Mile 12 market witnessed multitudes of customers converging, as onions were sold cheap. As explained by one of the sellers who chose to remain anonymous:
“When there is large inflow of the commodity into the market, people tend to come in large numbers as it is most likely to be sold for lesser price. However, if the quantity in the market is low, the price tends to increase.”
Data collected shows that a bag of onions was sold for N25,000 during the Ramadan period. However, a bag of onions is now sold for an average of N13,000 in Mile 12 market.
Special item: The price of Melon (Egusi) has fallen drastically in recent weeks. Recall that Nairametrics earlier reported the spike in the prices of melon. Meanwhile, sellers of the item expressed joy and relief as the commodity now sells for an average of N55,000 per bag, as compared to N100,000 for which it was being sold weeks ago. It was revealed that this has improved the sales of the commodity.
Major sellers were interviewed to ascertain the reason for the sudden rise in the price of local palm oil. However, most sellers of the product could not point to a specific factor; they however, called for the Government to intervene in the smooth transportation of goods in order to prevent further price increase.
This is not a good development as stakeholders in palm oil production have, in recent months, lamented the illegal importation of palm oil into the country. This may be partly responsible for the hike being witnessed.
About Nairametrics Food Price Survey: The Nairametrics’ Food Price Watch is a bi-weekly household market survey that covers prices of major food items, with emphasis laid on four (4) major markets in Lagos State: Mushin Market, Daleko Market, Oyingbo Market, and Mile 12.
|Items||Brand||Unit||MUSHIN (18/7/2019)||DALEKO (18/7/2019)||OYINGBO (18/7/2019)||MILE 12 (18/7/2019)||Average||MUSHIN (04/7/2019)||DALEKO (04/7/2019)||OYINGBO (04/7/2019)||MILE 12 (04/7/2019)||Average|
|Bag of Rice||Basmati||5kg||5500||5000||5500||5500||5375||5500||5000||5500||5000||5250|
|Bag of Rice||Mama Gold||10kg||3400||2800||3500||3200||3225||3400||2800||3500||3200||3225|
|Bag of Rice||Royal Stallion||50Kg||15000||14000||15000||15000||14750||14000||15000||15500||14833.333333333|
|Bag of Rice||Rice Master||10kg||2800||3000||3000||2933.3333333333||2800||3000||2900|
|Bag of Rice||Mama Gold||50kg||15000||14500||15000||15000||14875||14000||15000||15500||14833.333333333|
|Bag of Rice||Caprice||50kg||15000||14500||15000||15000||14875||15000||14000||15000||15500||14875|
|Bag of Rice||Mama's Pride||50kg||15000||15500||15500||15333.333333333||15500||15500||16000||15500||15625|
|Bag of Rice||Falcon||25kg||6800||6500||6800||6800||6725||6800||6500||6800||6800||6725|
|Bag of Beans||Oloyin||50kg||16000||13500||16000||15000||15125||16000||13500||16000||15000||15125|
|Bag of Beans||White||50kg||26000||25000||25000||25333.333333333||14000||13500||15000||15000||14375|
|Bag of Beans||Brown||50kg||14000||12000||14500||14000||13625||14000||12000||14500||14000||13625|
|Tuber of Yam||Abuja||1 Big Size Tuber||1600||1400||1500||1100||1200||800||1033.3333333333|
|Tuber of Yam||Abuja||1 Medium Size Tuber||900||850||900||800||862.5||800||850||550||733.33333333333|
|Carton of Noodles||Indomie||305g (Belle full)||2900||2900||2900||2900||2900||2900||2900||2900||2900||2900|
|Carton of Noodles||Indomie||200g (Hungry man)||3200||3200||3200||3200||3200||3200||3200||3200||3200||3200|
|Carton of Noodles||Chikki||100g||2000||2200||2100||2100||2100||2000||2200||2100||2100||2100|
|Carton of Noodles||Minimie||70g||1500||1500||1500||1500||1500||1500||1500||1500||1500||1500|
|Carton of Noodles||Golden Penny||70g||1400||1400||1400||1400||1400||1400||1400||1400||1450||1412.5|
|Bag of Garri||Ijebu||80kg||7500||7000||7200||7000||7175||7500||7000||7200||7000||7175|
|Bag of Garri||White||50kg||5000||4500||5000||5000||4875||5000||4500||5000||5000||4875|
|Bag of Garri||Yellow||50kg||6000||6000||6000||6000||6000||6000||5500||6000||6000||5875|
|Basket of Potato||Sweet||Big Basket||4000||4000||4500||4500|
|Basket of Potato||Sweet||Small Basket||600||600||700||700|
|Basket of Potato||sweet||Smallest Basket||200||200||200||200|
|Basket of Potato||Irish||Biggest Basket||15000||15000||20000||20000|
|Basket of Potato||Irish||Medium Basket||2000||2000||2500||2500|
|Basket of Potato||Irish||Small Basket||1300||1300||1500||1500|
|Packet of Pasta||Golden Penny||500g||3300||3400||3400||3400||3375||3300||3400||3400||3400||3375|
|Packet of Pasta||Dangote||500g||3500||3500||3400||3400||3450||3500||3400||3500||3400||3450|
|Packet of Pasta||Power||500g||180||200||180||200||190||180||200||180||200||190|
|Packet of Pasta||Bonita||500g||200||200||200||200||200||200||200||200||200||200|
|Gallon of Palm Oil||Local||5 Litres||2000||2000||2000||2000||2000||1800||1500||1800||1500||1650|
|Gallon of Palm Oil||Local||25 Litres||11000||10500||11000||10500||10750||9000||8800||9000||8500||8825|
|Gallon of Vegetable Oil||Local||5 Litres||2000||2000||2000||1800||1950||2000||2000||2000||1800||1950|
|Gallon of Vegetable Oil||Local||25 Litres||10000||9500||10000||9500||9750||10000||10000||10000||9500||9875|
|Gallon of Vegetable Oil||Kings||5 Litres||3000||3000||3000||3000||3000||3000||3000||3000||3000||3000|
|Gallon of Vegetable Oil||Wesson||5 Litres||3900||3900||3900||3900||3900||3900||3900||3900||3900||3900|
|Gallon of Vegetable Oil||Mamador||3.8 Litres||2500||2450||2500||2400||2462.5||2500||2450||2500||2400||2462.5|
|Gallon of Vegetable Oil||Power||3 Litres||1800||1800||1800||1800||1800||1800||1800||1800||1800||1800|
|Bunch of Plaintain||Plaintain||1 Big Bunch||450||450||500||450||462.5||500||450||500||550||500|
|Bag of Flour||Dangote||50kg||10800||10500||11000||11000||10825||10800||10500||11000||11000||10825|
|Bag of Flour||Honey well||50Kg||11500||11000||11000||11166.666666667||11500||11000||11000||11166.666666667|
|Bag of Flour||Mama Gold||50kg||11500||11300||11000||11000||11200||11500||11300||11000||11000||11200|
|Bag of Sugar||Dangote||50kg||3500||3200||3400||3200||3325||3500||3200||3400||3200||3325|
|Milk||Peak Powdered (Tin)||400g||1250||1200||1200||1200||1212.5||1250||1200||1200||1200||1212.5|
|Milk||Peak milk (Refill)||500g||1050||1000||1000||1000||1012.5||1050||1000||1000||1000||1012.5|
|Milk||Dano Powdered (Tin)||500g||1000||1000||1000||1000||1000||1000||950||1000||1000||987.5|
|Milk||Loya Powdered (Tin)||400g||1000||1000||1000||1050||1012.5||1000||1000||1050||1000||1012.5|
|Cocoa Beverages||Milo (Tin)||500g||1000||1100||1100||1000||1050||1000||1100||1100||1000||1050|
|Cocoa Beverages||Milo (Tin)||900g||2000||2100||2100||2066.6666666667||2100||2100||2100|
|Cocoa Beverages||Milo Refill||500g||900||900||900||900||900||900||900||900||850||887.5|
|Cocoa Beverages||Bournvita Refill||500g||950||900||950||900||925||950||900||950||900||925|
|Cocoa Beverages||Bournvita (Plastic)||900g||2000||2000||2000||2000||2000||2000||2000||2000||2000||2000|
|Cocoa Beverages||Ovaltine Refill||500g||800||800||850||850||825||800||800||850||850||825|
|Tea||Lipton Yellow label||52g||310||290||300||300||300||300||280||300||300||295|
|Sugar||St' Loius Sugar(Cube)||500g||400||380||400||450||407.5||400||380||400||450||407.5|
|Sugar||Golden Penny Sugar (cube)||500g||350||300||350||300||325||350||300||350||300||325|
|Bottled Water (Refill)||Cway||Refill||600||600||650||600||612.5||600||600||650||600||612.5|
|Juice||5 Alive||1 litre||600||550||550||600||575|
|Tomatoes||Big Basket||round shaped||11000||11000||12000||12000|
|Medium Basket||round shaped||6500||6500||7000||7000|
|Small Basket||round shaped||3500||3500||4000||4000|
|Big Basket||Oval Shaped||6000||6000|
|Small Basket||Oval Shaped||1500||1500|
|Fish||Kote (Horse Mackerel)||1 kg||500||450||450||400||450||450||450||400||400||425|
|Fish||Titus (Mackerel)||1 kg||450||500||450||450||462.5||400||450||400||400||412.5|
#EndSARS: Governor Uzodimma approves N2bn for youth empowerment after talks with protesters
Governor Uzodinma has approved the immediate release of N2 billion for youth empowerment.
Governor Hope Uzodimma of Imo State has approved the immediate release of N2 billion for youth empowerment, following a fruitful meeting with a group of youths associated with the #EndSARS movement in the State.
This disclosure was made by Governor Hope Uzodinma in his statement today, during his third state Broadcast to the people of Imo State, this week.
1/BROADCAST BY GOVERNOR HOPE UZODINMA OF IMO STATE ON SATURDAY OCTOBER 24TH, 2020 pic.twitter.com/OmWNbzzDyq
— Hope Uzodimma (@Hope_Uzodimma1) October 24, 2020
The Governor in his statement said that his heart is gladdened that a vast majority of the youth heeded the clarion calls to call off the #EndSARS protests, having laid down their points unmistakably.
However, he revealed that in line with his determination to address the needs of the youth and empower them, he has approved an immediate release of a take-off fund of N2 billion for the empowerment of youth in the state.
He reiterated that the task is not complete until every single youth is pulled off our streets and kept a safe distance away from the reach of some unscrupulous elements whose demonic desire is to unleash endless carnage in some parts of the state.
What you should know
Recall that the governor on the met with a group of youths embedded in the EndSARS protests. The group was made up of youth leaders from all parts of the country comprising leaders from the National Youth Council of Nigeria, Areewa, Ohanaeze, Afenifere, Hausa, Fulani, Middle belt and Niger Delta Youths
However, during his interface with the youth, he assured them of a dedicated empowerment package, as part of his administration’s determination to address the needs of the youths and quell their dissatisfaction.
- The N2 billion take-off fund will be deployed for the training of the first batch of the beneficiaries, which will commence next week. The N2billion take-off fund is to be taken from the N6 billion earmarked for the accelerated youth empowerment programme.
- The empowerment programme is under the Imo State Special Youth Empowerment and Intervention Programme (IMYEIP). The State’s Ministry of Skills Acquisition and Entrepreneurship is directly charged with its immediate implementation.
- The programme is to begin training of the 1st, 2nd & 3rd Batches of an estimated number of 500, 000 Imo youths in different skills acquisition programmes within the next two years, and provide them with start-up capital to begin their own enterprises.
- The training time table will be rolled out on Tuesday, October 27th, 2020.
- The 5000 Imo Youths who have already been trained in different skills under the IMYEIP platform, are to be given their start-up capital very soon.
Tinubu visits Sanwo-Olu, speaks on recent violence in the state, travelling out of the country
Tinubu has spoken up about some of the happenings that have led to the recent unrest in Lagos State.
The former Lagos State Governor and the National Leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has reacted to the outbreak of violence during the #EndSARS protest which has led to the destruction and looting of public and private infrastructure in the state.
He lamented the invasion and wanton looting and burning of public and private assets in the state of late, including police stations.
This was made known by Tinubu during a courtesy visit to the Governor of Lagos State, Babajide Sanwo-Olu, on Saturday, October 24, 2020, at State House Marina, to commiserate with him on the recent violence in the state, sympathize with the victims through him and seek his permission to visit some of the victims.
While addressing journalists after the meeting with the governor, Tinubu said he asked him if he had ordered the attack on #EndSARS protesters by soldiers at the Lekki Tollgate on Tuesday.
He also said that he did not travel out of the country as reported by some sections of the media, who claimed that he had travelled to France and the UK.
Tinubu said, “I didn’t go nowhere; I’m a Lagosian and I still hold the title of Asiwaju of Lagos and I am still a Jagaban. Fake news is all over the place. They say Seyi my son was kidnapped and was chased but look at him. I didn’t pay a penny to bring him here.
On the investigation and compensation for victims of violence, Tinubu said, “First, we have to segregate the calendar, those who suffered casualty before the protests from the hands of SARS. You have to separate that from those who suffered casualty due to what happened at the toll gate.
“For those who suffered casualty from SARS, the Commission of Inquiry that is already set up will unearth that and will make their recommendations. I trust the calibre and the character of the people there, they are independent. That is one.
“Those who suffered casualty during the gunshots need to answer some questions too, how are they there? How long were they there? What kind of characters are they? Even though we want to help, we still must extract information that will help the government to prepare in future and understand how and when to react because the governor, in particular, is a youth.’’
Going further, he said, “As a youth himself, he (Sanwo-Olu) quickly went to Abuja with the 5/5. The government immediately put into action, dissolved the SARS and had to work through other recommended actions, the needs they demanded. Within a few days, he reported back to the public. That is responsive enough.
“But where are we getting the looting, the carnage, the burning, the invasion of police stations, stealing of arms, maiming of the innocent? It is a handshake beyond the elbow.”
Tinubu has been under intense media attack over the shooting of unarmed protesters at the Lekki Tollgate on Tuesday. He was accused of being the mastermind of the incident because of his alleged interest in the tollgate which has been blocked for about 2 weeks, an allegation he has denied.
The hoodlums had burnt down some businesses allegedly linked to him in the course of the violence that erupted in Lagos. They include Oriental Hotel, Television Continental (TVC) and Nations newspaper.
#EndSARS: IGP orders immediate mobilisation of officers to restore normalcy
The IGP has directed officers to take control of the current unrest and breakdown of law and order in some parts of the country.
The Inspector-General of Police, Mohammed Adamu has ordered the immediate of all police operational assets and resources to bring an end to the unrest.
This was made known via the official Twitter handle of the Nigerian Police Force, @PoliceNG, in a statement titled, “RECLAIM THE PUBLIC SPACE AND RESTORE NORMALCY – IGP ORDERS AIGs, CPs, PMF, CTU & SPU COMMANDERS”.
According to the statement, the IGP has directed the officers to reclaim the public space from criminal elements masquerading as protesters in some parts of the country.
The IGP gave the order to all Assistant Inspectors General of Police (AIGs), Commissioners of Police (CPs), Heads of Police Operational Units, Squadron and Base Commanders in charge of Zonal/State/FCT Commands, the Police Mobile Force, Counter Terrorism Unit.
RECLAIM THE PUBLIC SPACE AND RESTORE NORMALCY – IGP ORDERS AIGs, CPs, PMF, CTU & SPU COMMANDERS
•Says Enough is Enough
The Inspector-General of Police, IGP M.A Adamu, NPM, mni has ordered the immediate mobilization of all police operational assets and resources to bring an end
— Nigeria Police Force (@PoliceNG) October 24, 2020
The statement read in part, “The Inspector-General of Police, IGP M.A Adamu, NPM, mni has ordered the immediate mobilization of all police operational assets and resources to bring an end to the wanton violence, killings, looting and destruction of public and private property, and reclaim the public space from criminal elements masquerading as protesters in some parts of the country.
“In addition, CPs/Heads of Police Formations in the various states have also been charged to mobilize their men and work in sync with the Command CPs in the areas where they are domiciled, to dominate the public space and ensure peace and safety in the affected areas.
“The IGP, while noting that enough is enough to all acts of lawlessness, disruption of public peace and order and wanton violence which have resulted to indiscriminate looting of shops, malls and warehouses, damage to property and loss of lives in some parts of the country.”
The IGP further enjoined law-abiding citizens not to panic but rather join forces with the police and other members of the law enforcement community to protect their communities from the criminal elements. He also called for “the understanding and cooperation of the citizens, assuring that the action is geared towards ensuring public order and safety and public security in our communities.”
What you should know
In the last few days, several parts of the country, especially Lagos, Cross River and Delta have witnessed a rise in civil unrest as hoodlums torched down Police stations, government properties and have also looted and destroyed several private businesses.
The recent unrests could be traced to the hijacking of peaceful protests organised by #EndSARS agitators who took to the streets of many Nigerian cities in the last two weeks to demand the dissolution of a notorious police unit, Special Anti-Robbery Squad, better known as SARS, who has been alleged to be involved in a countless number of harassment, extortion, abduction, armed robbery and murder of innocent citizens.