Nigerians may not be having it easy in the past weeks as prices of major household items continue spike while sellers across major markets in Lagos State also lament low sales. The latest Household market survey conducted by Nairametrics Research Team reveals.
According to the latest survey conducted by the Research Team, household items such as Frozen Fish, Onions, Yam, Pepper and Melon recorded significant increase in price over the past two weeks. Specifically, a slate of frozen fish now sells for as high as N22,000, while the price of a big bag of New Onions jumped from an average of N17,500 to a current average of N25,000
Also, a big tuber of Abuja Yam currently sells for an average of N875, 2.94% increase compared to N850 recorded in the later part of February while a smaller tuber sells for an average of N638. Meanwhile, items such as tomatoes and palm oil recorded drop in prices over the past two weeks.
This report highlights items that witnessed increase in price, items that witnessed reduction in price, items that maintained initial prices, Special markets and Market insights.
Items that witnessed price increase
Some of the items that recorded uptick in prices in the last two weeks include onions, pepper, fish, bread, and melon seeds.
- A big bag of new onions currently sells for an average of N25,000 from an initial N17,500, while dry onions are now available in the market but increased to an average of N30,000.
- The price of a bag of melon seeds increased to an average price of N49,000 from an initial average of N48,000, indicating a 2.08% increase.
- A big bag of pepper currently sells for an average of N7,500. This is a 7.14% increment compared to N7,000 recorded two weeks ago.
- A loaf of Val-U bread is currently sold for an average of N360, from an earlier average of N350.
- The price of fish also recorded slight increase compared with what was witnessed in February, as one big Kote fish currently sells for an average of N525, indicating a 9.4% increase from an initial price of N480.
- One big Titus fish also increased by 5.1% to sell for an average of N513 from an initial average of N488.
- A big bag of white maize increased to N16,000 from an initial average of N15,500 recorded two weeks ago.
- A 500g size of Bournvita (refill) that was previously sold for an average of N925 is now sold for an average of N950.
Items that witnessed price decrease
- A 25-litre gallon of palm oil sells for an average of N9,375. 3.85% decrease compared to N9,750 recorded two weeks ago.
- Also, a 5-litre gallon of palm oil reduced by 22.4% to sell at an average of N1,650.
- A big basket of round shaped tomatoes sells for an average of N7,500 this week, compared to N8,000 recorded two weeks ago. This represents a 6.5% reduction in price.
- A medium sized basket of round shaped tomatoes currently sells for an average of N3,500, a 12.5% reduction compared to N4,000 recorded the last time.
Items that maintained initial prices
Household items that maintained their initial prices include locally and foreign-made rice, beans, garri, and potatoes.
- Royal Stallion rice still sells for an average of N27,000 while Caprice costs an average of N25,750.
- Mama Gold and Mama’s Pride continue to sell for an average of N19,250.
- A bag of brown beans (Oloyin) still sells for an average of N12,500, as white beans maintains its initial price of N18,250.
- Dangote Flour and Honeywell Flour continue to sell for an average of N11,100 and N11,200 respectively, same as recorded two weeks ago.
- A crate of eggs sells for average of N975; the price of Cway Bottled water also remained at an average of N613.
- Household cooking gas is still being refilled for the same price as recorded two weeks ago: 12.5kg (N4,000) and 5kg (1,725).
- The price of frozen fish continues to increase, as dealers across the various markets lament low sales. A “bazo” slate of fish is currently sold for an average of N19,000, while “Fuel” costs an average of N22,000.
- The low of turn out of sales is feared by many traders to be due to the Coronavirus case in Lagos announced in the end of February, although it remains to be seen if one has anything to do with the other.
- The price of imported frozen items such as chicken and turkey still maintain their initial prices as reported earlier in the year.
- Turkey – N13,500
- Orobo Chicken – N12,000
- Full Chicken – N12,000
- Chicken Lap – N12,000
- Dry onions, which were not sold in the various markets in the later part of February due to weather conditions and supply, were sighted at Mile 12 market but with a significant 36.36% increase in price as a large bag currently sells for an average of N30,000.
- New onions also increased from an initial average of N17,500 to N25,000, thereby indicating a 42.9% increase in two weeks. In an interview, one of the sellers who wished to remain anonymous told Nairametrics Research that, “though there is large supply of the commodity in the market, the price of onions just increased significantly for reasons not known to us”. He went further to express hope that the commodity would reduce in time because the price is scaring off potential buyers from the market.
- Despite the reduction recorded in the price of round shaped tomatoes, traders of the commodity lament that the price is still on the high side, as they could sell for as low as N4,000 and N5,000. Meanwhile, the big basket sells for an average of N8,500 in the early hours of the day, and N7,500 by noon.
|Items||Brand||Unit||MUSHIN (05/03/2020)||DALEKO (05/03/2020)||OYINGBO (05/03/2020)||MILE 12 (05/03/2020)||Average||MUSHIN (20/02/2020)||DALEKO (20/02/2020)||OYINGBO (20/02/2020)||MILE 12 (20/02/2020)||Average|
|Bag of Rice||Basmati||5kg||NA||NA||NA||NA||NA||NA||NA||NA||NA||NA|
|Bag of Rice||Mama Gold||10kg||NA||3500||NA||NA||3500||NA||3500||NA||NA||3500|
|Bag of Rice||Royal Stallion||50Kg||27000||NA||27000||NA||27000||27000||NA||27000||NA||27000|
|Bag of Rice||Rice Master||10kg||NA||3500||NA||3500||3500||NA||3500||NA||3500||3500|
|Bag of Rice||Mama Gold||50kg||19000||19000||19500||19500||19250||19000||19000||19500||19500||19250|
|Bag of Rice||Caprice||50kg||26500||NA||NA||25000||25750||26500||NA||NA||25000||25750|
|Bag of Rice||Mama's Pride||50kg||19000||19000||19500||19500||19250||19000||19000||19500||19500||19250|
|Bag of Rice||Falcon||25kg||NA||NA||NA||NA||NA||NA||NA||NA||NA||NA|
|Bag of Beans||Oloyin||50kg||13000||12000||13000||12000||12500||13000||12000||13000||12000||12500|
|Bag of Beans||White||50kg||19000||18000||18500||17500||18250||19000||18000||18500||17500||18250|
|Bag of Beans||Brown||>50kg||21000||18000||21000||18000||19500||21000||18000||21000||18000||19500|
|Tuber of Yam||Abuja||1 Big Size Tuber||900||850||900||850||875||900||800||850||850||850|
|Tuber of Yam||Abuja||1 Medium Size Tuber||650||650||600||650||637.5||650||650||600||600||625|
|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||1400||1400|
|Bag of Garri||Ijebu||80kg||6000||6800||7000||7000||6700||6000||6800||7000||7000||6700|
|Bag of Garri||White||50kg||6000||6500||6500||7000||6500||6000||6500||6500||7000||6500|
|Bag of Garri||Yellow||50kg||7500||7500||7500||8000||7625||7500||7500||7500||8000||7625|
|Basket of Potato||Sweet||Big Basket||6000||6000||6000||6000|
|Basket of Potato||Sweet||Small Basket||1000||1000||1000||1000|
|Basket of Potato||sweet||Smallest Basket||200||200||200||200|
|Basket of Potato||Irish||Biggest Basket||17000||17000||17000||17000|
|Basket of Potato||Irish||Medium Basket||1800||1800||1800||1800|
|Basket of Potato||Irish||Small Basket||1300||1300||1300||1300|
|Packet of Pasta||Golden Penny||500g||4300||4400||4300||4200||4300||4300||4400||4300||4200||4300|
|Packet of Pasta||Dangote||500g||4000||4000||4000||4100||4025||4000||4000||4000||4100||4025|
|Packet of Pasta||Power (1 pc)||500g||220||220||220||200||215||220||220||220||200||215|
|Packet of Pasta||Bonita (1 pc)||500g||220||200||200||210||207.5||220||200||200||210||207.5|
|Gallon of Palm Oil||Local||5 Litres||1800||1500||1800||1500||1650||2200||2000||2300||2000||2125|
|Gallon of Palm Oil||Local||25 Litres||10000||9000||9500||9000||9375||10500||9000||10000||9500||9750|
|Gallon of Vegetable Oil||Local||5 Litres||2300||2200||2300||2200||2250||2300||2300||2400||2300||2325|
|Gallon of Vegetable Oil||Local||25 Litres||13000||12800||13100||12800||12925||13000||13000||13500||12800||13075|
|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||400||400||350||400||387.5||400||400||350||400||387.5|
|Bag of Flour||Dangote||50kg||11200||11200||11000||11000||11100||11200||11200||11000||11000||11100|
|Bag of Flour||Honey well||50Kg||11200||11200||11200||11200||11200||11200||11200||11200||11200||11200|
|Bag of Flour||Mama Gold||50kg||11000||11300||11000||11000||11075||11000||11300||11000||11000||11075|
|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||1000||1000||1000||1000|
|Milk||Loya Powdered (Tin)||400g||1000||1000||1000||1050||1012.5||1000||1000||1000||1050||1012.5|
|Cocoa Beverages||Milo (Tin)||500g||1000||1100||1050||1000||1037.5||1000||1100||1050||1000||1037.5|
|Cocoa Beverages||Milo (Tin)||900g||2000||2100||2100||2100||2075||2000||2100||2100||2100||2075|
|Cocoa Beverages||Milo Refill||500g||900||900||900||900||900||900||900||900||900||900|
|Cocoa Beverages||Bournvita Refill||500g||950||1000||950||900||950||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||310||290||300||300||300|
|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||600||550||550||600||575|
|Tomatoes||Big Basket||round shaped||7500||7500||8000||8000|
|Medium Basket||round shaped||3500||3500||4000||4000|
|Small Basket||round shaped||2000||2500||2500||2500|
|Big Basket||Oval Shaped||NA||NA||NA||NA|
|Small Basket||Oval Shaped||NA||NA||NA||NA|
|Fish||Kote (Horse Mackerel)||1 big Fish||550||500||500||550||525||500||450||470||500||480|
|Fish||Titus (Mackerel)||1 big Fish||500||500||550||500||512.5||500||450||500||500||487.5|
|Onions||Big bag||Dry Onions||30000||30000||NA||NA|
|Onions||Big bag||New Onions||25000||25000||17500||17500|
About Nairametrics Food Price Survey
The Nairametrics Food Price Watch is a bi-weekly household market survey that covers the prices of major food items, with emphasis on five major markets in Lagos – Mushin Market, Daleko Market, Oyingbo Market, Idi-Oro Market and Mile 12
COVID-19 Update in Nigeria
On the 24th of November 2020, 168 new confirmed cases and 1 death was recorded in Nigeria
The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 66,607 confirmed cases.
On the 24th of November 2020, 168 new confirmed cases and 1 death was recorded in Nigeria, having carried out a total daily test of 5,838 samples across the country.
To date, 66,607 cases have been confirmed, 62,311 cases have been discharged and 1,169 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 749,136 tests have been carried out as of November 24th, 2020 compared to 743,298 tests a day earlier.
COVID-19 Case Updates- 24th November 2020,
- Total Number of Cases – 66,607
- Total Number Discharged – 62,311
- Total Deaths – 1,169
- Total Tests Carried out – 749,136
According to the NCDC, the 168 new cases were reported from 10 states- FCT (61), Lagos (50), Kaduna (27), Oyo (12), Rivers (6), Katsina (5), Ogun (3), Kwara (2), Edo (1), Kano (1).
Meanwhile, the latest numbers bring Lagos state total confirmed cases to 23,018, followed by Abuja (6,576), Plateau (3,805), Oyo (3,715), Rivers (2,963), Kaduna (2,940), Edo (2,695), Ogun (2,156), Delta (1,823), Kano (1,777), Ondo (1,727), Enugu (1,332), Kwara (1,095), Ebonyi (1,055), Katsina (1,012), Osun (945), Gombe (938). Abia (926), Bauchi (753), and Borno (745).
Imo State has recorded 662 cases, Benue (493), Nasarawa (485), Bayelsa (445), Ekiti (354), Jigawa (328), Akwa Ibom (319), Niger (296), Anambra (285), Adamawa (261), Sokoto (165), Taraba (157), Yobe (94), Kebbi (93), Cross River (90), Zamfara (79), while Kogi state has recorded 5 cases only.
Lock Down and Curfew
In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.
The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.
On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.
On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.
US imposes $15,000 visa bond on 15 African countries, others
The US has issued a visa rule requiring tourist and business travelers in some countries to pay a bond of up to $15,000 in addition to the visa fees.
The outgoing administration of US President, Donald Trump, on Monday, November 23, 2020, issued a new temporary visa rule that requires tourist and business travelers from 15 African countries and others to pay a bond of up to $15,000 in addition to the visa fees, which ranges from $16 to $300, in order to visit the United States.
According to TheCable, the US State Department said the visa bond pilot programme, expected to take effect from December 24 and end on June 24, 2021, is targeted at countries whose citizens have higher rates of overstaying B-2 visas for tourists and B-1 visas for business travelers.
The Trump administration said the six-month pilot program aims to test the feasibility of collecting such bonds and will serve as a diplomatic deterrence to overstaying the visas. Hence, overstay places significant pressure on Department of Justice and Department of Homeland Security.
The visa bond rule will permit U.S. consular officers to request tourist and business travelers from countries whose nationals had an overstay rate of 10% and above in 2019 to pay a refundable bond of $5,000, $10,000, or $15,000.
The countries whose tourist and business travelers fall into this category and subjected to the bond requirements are 24 countries, including 15 African countries. While these nations had higher rates of overstays, they sent relatively fewer travelers to the United States.
The countries include Afghanistan, Angola, Bhutan, Burkina Faso, Burma, Burundi, Cape Verde, Chad, the Democratic Republic of the Congo (Kinshasa), Djibouti, Eritrea, the Gambia, Guinea-Bissau, Iran, Laos, Liberia, Libya, Mauritania, Papua New Guinea, Sao Tome and Principe, Sudan, Syria, and Yemen
Nigerian travelers escaped paying the temporary visa rule, as their overall score was below the threshold of 10% and above overstaying rate.
Senate approves issuance of N148bn promissory notes to Bayelsa, 4 others
Promissory notes worth N148,141,969,161.24 has been approved by the Senate as refund to Bayelsa, Cross River, Ondo, Osun and Rivers States
Promissory notes worth N148.141billion have been approved by the Senate as a refund to Bayelsa, Cross River, Ondo, Osun, and Rivers States for projects executed on behalf of the Federal Government.
The approval which was given by the Senate at the plenary on Tuesday, 24th November 2020, came after the presentation of a report by the Committee on Local and Foreign Debts, led by Senator Ordia Clifford (PDP-Edo).
According to a news report by NAN, this is a go-ahead to the Federal Government, who had sought the approval of the Senate for issuance of promissory notes for a refund on federal projects executed by State governments.
The request was contained in a letter addressed to President of Senate, Dr. Ahmad Lawan by President Muhammadu Buhari, and read at plenary. The Senate referred the matter to the Committee on Local and Foreign Debts for further legislative input.
Senator Ordia Clifford, while presenting the report of the committee, said the Permanent Secretary, Federal Ministry of Finance; Federal Commissioners of Finance and Works in the five states, had briefed the committee on details of the projects.
He said the Committee was presented with documents relating to the approvals of the Federal Government through the Federal Ministry of Works and Housing for the execution of the projects and certificates of completion, amongst other documents.
At the plenary today, Senator Ordia moved the motion that the Senate approves the Committee’s recommendations by approving the issuance of the promissory notes to the State governments.
According to him, the amount due to the five states is N148.14billion.
- Bayelsa was allotted N38.40billion
- Cross River was allotted N18.39billion
- Ondo was allotted N7.82billion
- Osun was allotted N4.57billion
- Rivers was allotted N78.95billion
What they are saying
The President of the Senate, Ahmad Lawan, disclosed that records showed PDP states had the highest refund, he said: “If you look at the list of states, only two are APC states and they have the least in terms of refund, this is fantastic and a mark of leadership by the Federal Government. This shows tolerance and leadership by this administration.”