Friday, February 16, 2024
Grain Prices In Kano State Drop
A check by the the News Agency of Nigeria (NAN) in grain markets in Kano metropolis on Wednesday,February 14, 2024 indicated that prices of local varieties such as rice, maize, millet and beans had dropped by about 30 per cent. A 100 kg bag of local rice was sold between N36,000 and N44,000 as against it’s old price of N54,000 in the past few weeks.
28 comments:
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Can someone in Kano confirm?
ReplyDeleteSluttychic.
Ali B is in Kano.
DeletePlease help us confirm,before they raise our hope and dash it.
Thank God
ReplyDeleteGovt and propaganda. 5 and 6. Until it drops everywhere in Nigeria
ReplyDeleteI will not beleive
The wickedness of some people won't still,let it show,bought a pack of fries 9k last month,went to buy last weekend,same fries 17k,told my husband,it can't be,went to another supermarket,10500. You can imagine the difference
DeleteAre you minding them? How is this supposed to work? Traders will buy grains at exorbitant prices and sell then cheap bcos they government said so or what?
DeleteThat was how I went to buy molped pad and they said is #1500 for the single and #2800 for the double....I went to another supermarket and it was sold for #700.....Nigerians are the problems of Nigeria
DeleteGovt and propaganda. 5 and 6. Until it drops everywhere in Nigeria
ReplyDeleteI will not beleive
E never reach Abuja
ReplyDeleteUntil it drops everywhere
A lot of sabotage is going on,God will expose the enemies of this country. Using the masses as a pawn in their game of chess. 🙏🏻🙏🏻
ReplyDeleteI hope this is true, though it hasn't reach here.
ReplyDeleteI pray this is true o.
ReplyDeleteNot true
ReplyDeleteIf dollar comes down, things will drop.nation wide
ReplyDeleteLOCAL RICE! How does dollar affect the price of local freaking rice???!!!
DeleteYou must be kidding @dogalmighty.
DeleteLike local rice farmers dont use fertilizers and pesticides? Cost of transportation nko?
I just pray this is true
ReplyDeleteFood stuff are cheaper in the north. Someone helped me buy things from Benue, yam of 500 naira there and 300 to transport is 3k here in lagos.
ReplyDeleteIf you have large family and can buy in bulk, target Someone up north or middle belt, delta is ok too to buy things and send it to una for lagos.
They are dealing with lagosians
just spoke to a colleague who confirmed that he bought a bag of local rice yesterday at 55k which foreign is 75k. Who is deceiving who?
ReplyDeleteLol
DeleteI pray it's true, because the hardship is too much.
ReplyDeleteAmen
DeleteThe energy used for propaganda is better used for useful , impactful things
ReplyDeleteThey're so shameless and stupid.
DeleteSo people don't know their left from their right anymore?
Must you use propaganda in everything?
APC, the worse thing that ever happened to Nigerians.🤯
Okay.
ReplyDeleteGood
ReplyDeleteIf you are lorded by your stomach, you will believe this news and mistake it to be good. It is simply impossible for any government to monitor prices in such a large population where most sales are in open markets and in cash.
ReplyDeleteSome people are selling at cost price to prevent their shops and warehouses from being looted by selfish people with a sense of entitlement who stored nothing or little for the rainy day despite the obvious economic reality. The same food will go into the toilet and the same people will be looking for how to bend reality once again, worsening their plight and with false promises, worsening their future economic prospects because they refuse to take responsibility for their own actions or accept reality.
People refuse to realise that with economic realities, prices usually go one way with inflation due to popular demand of bad economic policies we all know will cause further pain and chaos. They insisted and protested and went on strike year after year, actively working to make their own situation worse instead of balancing the books, increasing their own earning power or weaning themselves off of expensive freebies.
The cost of a good on the shelf includes transport, staff, rent, security, debt at high rates, membership dues of associations, import duties and taxes, , storage, miscellaneous etc and in an economy like ours, traders must have a bracket for fluctuations and increase in prices. Any system that refuses to reward those who take risks to produce is deceiving itself: after about 6 decades of prioritizing importers of nonessential goods over actual producers has only brought the opposite of plenty.
The people who bought wholesale and retail will not restock if they cannot make profit or guarantee the safety of their goods and storing on the farms is simply warehousing for bandits who will still sell what they can at market price or sell low such that law abiding players cannot compete. The farmer will not be able to sell without these middlemen And he has no capacity to store, process or sell directly to consumers.
Nigerians have been saying they are suffering for the past 50 years and based on this excuse, have continued to eat their seed and punish producers and commercial actors for taking the risk of supplying in Nigeria. There's a reason why big time manufacturers like Okoya and Adedoyin have diverted their money into less stressful investment , having less people to employ and having more money to make. It's the reason Innoson bought majority stake in a bank and why Cosmas Maduka has never contemplated manufacturing his own cars. When the few low to no skills jobs dry up even further and the goods are only brought in by actual hoarders who will be in hot demand, the same people that continue to exponentially worsen their suffering by themselves will complain again.
Children throw tantrums and do what feels good. Adults face reality, learn lessons and apply them. There's a clear price for prosperity. Any knee jerk reactions to pacify people who cannot be pacified will only worsen the situation and prolong the pain.
To borrow from Ayittey, if the overwhelming proportion of Nigerians choose to remain economic elephants, the tigers amongst them should continue charting their own path and covering individual loose ends. The agile are not limited by undulations on the Savannah.
My God! 👏👏👏
Delete