Prices Of Fertiliser, Bread Soar In Kwara, Yobe, Lagos, Kaduna

Date: 2022-05-10

THE prices of fertiliser and bread have skyrocketed in Kwara, Yobe, Lagos, and Kaduna states, a report released by ActionAid has revealed.

According to ActionAid, the unabated soaring prices of foodstuffs across the country are making it difficult for Nigerians to buy food staples and other essential commodities needed for their wellbeing.

The report released recetly revealed that the prices of wheat bread increased by 59 percent, 67 percent, and 127 percent in Kwara, Yobe, and Lagos states respectively, noting that in Kaduna, the prices of fertiliser rose by 111 percent, while in Lagos, the price of sunflower cooking oil rose by 111 percent.

“In Nigeria, findings show that the prices of wheat bread have increased up to 59 percent in Sanrab semi-urban community in Kwara state. In Yobe state urban community of Nasarawa, the prices of wheat bread have increased up to 67 percent,” the report stated.

“In Lagos, the price increase has been up to 127%. In rural areas of Kaduna, fertiliser prices have increased up to 111 percent. At the same time, few areas of Lagos have witnessed up to a 111 percent increase in sunflower cooking oil.”

Speaking on the report, the Country Director, ActionAid Nigeria, Ene Obi, explained that the Russia- Ukraine war had hiked the cost of living in many parts of the world, while the gaps in governance and lack of social safety net have thrown more Nigerians into the abject poverty.

He further said: “The current hyper-inflation has made the meager income of many Nigerians insignificant; for a government committed to lifting 100 million Nigerian out of poverty, there is a need for reflection and immediate action.

“Rising public debt, unemployment, inflation, and high cost of living require the immediate embracing of fiscal federalism in absolute terms.

“This will enable the country to break the vicious cycle of poverty. It will eliminate the wholesale dependence on oil, making Nigeria a monolithic economy. “Adopting fiscal federalism principles will be a practical approach to solving the challenges governments at all levels face today, such as the generation and equitable distribution of income, efficient and effective allocation of resources, and economic stability.

“Revenue drive and allocation of resources can be done effectively by states and local governments with strong measures to curtail graft and corruption.”

On her part, ActionAid International's Global Climate Justice Lead, Teresa Anderson, said the conflict in Ukraine had caused a hike in the prices of food, fuel, and fertilizer, disproportionately affecting local communities who barely have any belts left to tighten.

“Our survey found that prices are now double, triple, or almost four times as much as before the war started in some places.

“The world is now on track for a global food crisis that looks far more deadly, devastating, and prolonged than 2007-08. Governments and international institutions must take urgent action to avert catastrophic hunger on an unprecedented scale,” Anderson said.

Meanwhile, the report also indicated that the cost of food, fuel, and fertilizer in some of the world's poorest communities was still on the rise, with families spending double, triple, and nearly four times what they were paying before Russia invaded Ukraine.

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ibrahim Abdullahi     Kwara State Television (KWTV)     Omotosho     Kwara NIPR     Ilorin Innovation Hub     Bluenile Associates     Femtech     Ojuekun     Kemi Adeosun     Idris Amosa Saidu     Yusuf Abdulwahab     Abdullahi Samari     Ojo Fadumila     YAKOOYO     Alore     Kazeem Adekanye     Amusa Bello     Sun Qing Rong     Hamidat Sulyman-Yusuf     Umar Bayo Abdulwahab     Bello Oyedepo     Ibrahim Agboola Gambari     KWACOBPA     Yusuf Olaolu Ali     Federal Road Maintenance Agency     NFAI     Saduki Lafiagi     Ibrahim Abikan     Matthew Okedare     KSIRS     Pius Abioje     Kayode Laro     Olupako     Omotoso     Amusement Park     Lawal Arinola Kudirat     Shururat Olatinwo     Christian Association Of Nigeria     Alagbado     Olabode Towoju     Aro Yahaya     Folajimi Aleshinloye     Moshood Bakare     Adeniyi Ojo     Patigi Regatta     Ashiru     Ilorin.Info     Okanlawon Taiwo     Mujtabah Bature     Arca Santa     IESA     Bola Ahmed Tinubu     SSUCOEN     Olatunji Abdulmumeen     Ilorin Like-Minds     Daud Adeshola     Aisha Buhari     Akande Idowu Ayoola Muhammed     Buhari     Hauwa Nuru     Mubarak Oladosu     Bayo Ojo     Ilesha-Gwanara     Borgu     Bursary     Micheal Imoudu     Salihu Yahaya     Government House     Katibi Ibraheem Adeola     Maimunat Oloriegbe     Rabiu Kwankwaso     Shuaibu Yaman     Bolaji Abdullahi     Soffiyyallah Kamaldeen     Kpotum Mohammed Baba     Dan Iya Of Ilorin     Salihu Ajia    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Mopelola Abdulmaliq-Bashir     Shola Odetundun     Leke Ogungbe     Arca Santa     Bureau Of Lands     Aminu Adisa Logun     Ghali Alaaya     Maimunat Oloriegbe     Damilola Yusuf Adelodun     Oba Abdulraheem     Micheal Imodu-Ganmo Road     Kwara State Polytechnic     Saka Aleshinloye     11th Galadima     Abdullahi Adisa Akodudu     Isiaka Danmeromu     QuickWin     Muslimah Entrepreneurship Forum     Muyideen Ajani Bello     Femi Gbajabiamila     CCT     Bola Magaji     Gbadeyan Gbadura Yomi     Abiodun Abdulkareem     Akorede     Tanke     Haruna Tambiri Mohammed     Ladi Hassan     Sunday Otokiti     Ganmo Power Sub-Station     Rabiu Kwankwaso     AGF Abdulrazaq     Saadu Gbogbo Iwe     Onikijipa     Prince Sunday Fagbemi     Abubakar B.M     Ajayi Okasanmi     Esinniobiwa Quareeb     Emir Of Lafiagi     Minister     Kwara State Printing And Publishing Corporation     Ifelodun     Taiwo Joseph     Bahago     Yakubu Mohammed Abdullahi     Muhammed Danjuma     Mohammed Kamaludeen     Abdulwahab Ololele     Manzuma     Bello Bature     CLAY POT     Abubakar Usman Jos     COVID-19 Palliatives     Bayo Lawal     Ilorin Metro Park     Ibrahim Sulu Gambari     Sam Okaula     Special Agro-industrial Processing Zone     Yaman     Yahaya A Paniyaro     Salake     Kola Shittu     College Of Education     Dapo Teni Nig Enterprise     Aso Ofi     Tunji Oyawoye     Ahmed Ayinla Jimoh     Abubakar Ndakene     Lanre Issa-Onilu     Ohoro Of Shao     Wahab Issa     Chief Imam Of Lafiagi     Olaoye B. Felix     Kwara Central     Timothy Akangbe     Titus Suberu-Ajibola     Mohammed Ibrahim