The price of rice has risen in Jos, as a 50kg bag of smuggled rice now costs 45,000 naira compared to 35,000 naira it sold for three weeks ago.
A bag of local rice containing 80 bowls of local rice that sold for 50,000 naira earlier in the year is now selling for 72,000 naira in Jos.
Mr. Austin Chikwujindu, a trader at Chorbe market, blamed the price increases on the dollar rate and the recent flooding in parts of the country.
“The price of a 50kg bag of foreign parboiled rice has risen to 45,000 naira from 35,000 naira just three weeks ago.
“I think that the rise in dollar rates, the high cost of transportation due to the scarcity of fuel, could be the reason for the upward change in price.
“The floods affected many parts of the country, limiting the amount of food and other basic products that could be moved.
“According to the sensors, we are receiving a bag of foreign rice that could cost up to N50,000, not just rice, but other foods like peanut oil, flour, Semovita and others,” he said.
A food trader at Katako market, Malam Aliyu Umar, said 80 bowls of local rice that used to sell for 50,000 naira are now selling for 72,000 naira and may go higher.
Umar also blamed the floods for rising food prices, noting that the floods washed away many rice farms.
According to the National Emergency Management Agency (NEMA), the 2022 flood is the worst in a decade.
It destroyed more than 70,000 hectares of farmland, damaged more than 45,000 houses and displaced more than 1.4 million Nigerians, killing around 600 people.
NEMA and the Nigerian Hydrological Services Agency (NIHSA) attributed the flooding to the release of excess water from Cameroon‘s Lagdo Dam that cascaded into Nigeria through the Benue River, affecting communities in many states.
Current data from the United Nations Office for the Coordination of Humanitarian Affairs shows that the affected people in Nigeria have risen to more than 3.2 million.
He also reported that there were more than 600 deaths and 1.4 million displaced people.
It also reported that 4.1 million people would face severe food insecurity and 1.7 million children under five would suffer from acute malnutrition by 2022.
reports that there were also increases in the prices of corn, peanut oil, palm oil and Semovita, among others. (w)
Source Credit: NAN