• Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Tuesday, May 27, 2025
  • Login
  • Register
9Ja Spectators
  • Home
  • Members
  • Recent Posts
  • BlogLatest Blog
No Result
View All Result
9Ja Spectators
  • Home
  • Members
  • Recent Posts
  • BlogLatest Blog
No Result
View All Result
9Ja Spectators
No Result
View All Result
Home News

Relief for Nigerians as prices of sugar, Indomie, others drop

Reporter by Reporter
in News
Reading Time: 2 mins read
A A
0
Relief for Nigerians as prices of sugar, Indomie, others drop
152
SHARES
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

Nigerians can finally breathe a sigh of relief as the prices of essential food items, such as sugar and Indomie instant noodles, have dropped. This news comes as a relief to the low to middle income bracket, who have been struggling with the nationwide food price hike caused by inflation and economic pressures.

Inflation in Nigeria has reached an all-time high of 29.90% in January 2024, with food inflation rising by 3.21%. However, recent market surveys conducted last week have shown a reduction in the prices of some food items. For example, a carton of Indomie Regular Chicken 70g, which previously sold for N10,650, now sells for N8,900. Similarly, the price of other Indomie products has also decreased.

In addition to Indomie, the prices of sugar, rice, beans, semo, spaghetti, and macaroni have also fallen in the surveyed markets. A 50kg bag of BUA sugar now costs N84,000, while a Dangote 50kg sugar goes for N88,000. Meanwhile, the price of Stallion Long grain rice has decreased from N88,000 to N86,000.

Wholesale and retail dealers in Wuse Market and roadside fast-food sellers in Kaduna Central Market have confirmed the price decrease in Indomie Noodles. Customers are delighted with this development, as it has led to an increase in business for sellers.

Analysts believe that this trend will continue if the government fulfills its promises to address the rising food prices. The Federal Government has already taken steps to combat food inflation, such as setting up a Presidential Committee on Emergency Food Intervention. Additionally, the President has ordered the Nigeria Customs Service to return all seized food items to their owners, and these items will be sold in Nigerian markets.

The government’s proactive measures and collaboration with millers and traders are expected to contribute to stabilizing food prices in the country. Once Nigeria becomes self-sufficient in food, the Export Prohibition Act, which currently prohibits the exportation of certain items, will be reviewed.

Tags: 9jaspectatorsNigeria food prices reduceRelief for Nigerians as prices of sugar - Indomie - others dropspectatorsng
Previous Post

VIDEO: Controversy arises in Ibadan after federal lawmaker, Oseni shares Tinubu’s financial support for constituents

Next Post

Israel Sends Warning on Freedom of Worship as Muslims Observe Ramadan

Next Post
Israel Sends Warning on Freedom of Worship as Muslims Observe Ramadan

Israel Sends Warning on Freedom of Worship as Muslims Observe Ramadan

Leave a ReplyCancel reply

Senator Alli calls for stronger commitment to children’s rights, education

Senator Alli calls for stronger commitment to children’s rights, education

by Reporter
0

Senator Sharafadeen Alli (APC-Oyo South) has congratulated Nigerian children on the occasion of this year’s Children’s Day, urging them to...

Pastor Ibiyeomie Criticizes Leg Chains, Labels Them a Symbol of Prostitution

Pastor Ibiyeomie Criticizes Leg Chains, Labels Them a Symbol of Prostitution

by Reporter
0

David Ibiyeomie, the founder of Salvation Ministries, has stirred public debate with recent remarks on women’s fashion, particularly condemning the...

Prisoner who died and brought back to life argued that his life sentence has ended

Prisoner who died and brought back to life argued that his life sentence has ended

by Reporter
0

An Iowa man serving a life sentence shocked legal observers after he argued that his prison term had technically ended—because...

Governor Aiyedatiwa Applauds Westfield Global Construction for Progress on Ondo Judiciary Complex

Governor Aiyedatiwa Applauds Westfield Global Construction for Progress on Ondo Judiciary Complex

by Reporter
0

— Governor Impressed by Quality and Speed of Work on Landmark Judicial Infrastructure Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa,...

No Result
View All Result
  • Home
  • Members
  • Recent Posts
  • Blog

© 2023 SpectatorsNG

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In