As food prices continue to soar in Nigeria, households are feeling the strain, struggling to cope with the rising costs of staples like rice, beans, and garri.
This situation is exacerbated by the Federal government’s inaction on increasing the national minimum wage, leaving many citizens unable to meet their basic needs.
Across the country, there have been numerous appeals to both the Federal and state governments, urging for a salary raise to boost purchasing power and alleviate economic pressures.
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However, despite these calls, a resolution remains elusive. The Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and government officials have yet to reach an agreement on adjusting the wage structure, with the Federal Government proposing ₦62,000 as the new minimum wage and Labour demanding ₦250,000.
Here are the prices of commodities for the month of June in Ibadan:
Rising Food Prices in Nigeria:
- Imported Rice: ₦83,000 per bag
- Local Rice: ₦80,000 per bag
- Beans: ₦109,000 per bag
- Garri: ₦2,000 per congo
- Semo: ₦6,600 per 5kg
- Spaghetti: ₦15,650
- Vegetable Oil: ₦49,500
- Palm Oil: ₦25,000
- Indomitable Noodles: ₦7,350
- Golden Penny Noodles: ₦5,100
- Eggs: ₦4,200 per crate
- Pepper: ₦170,000 per basket
- Yam: ₦15,000