Connect with us

News

Kaduna consumers cut food consumption amid rising prices

info

Published

on

Food Items at Utako Market Abuja. .jpg

Consumers in markets across Kaduna city have lamented rising food prices, saying the situation has forced them to cut consumption.

A survey by journalists in Sabo, Narayi, Kakuri and Ungwan Boro markets showed that many households can no longer afford to buy in bulk.

Some buyers who said they previously bought rice and beans in half bags and quarter bags now buy in smaller quantities.

At Sabo Market, Rebecca Joseph said her monthly food budget has doubled, but inflation means she can only afford a few things.

“I came with N30,000 to buy rice, beans and garri for two weeks, but what I bought cannot take my family for one week,” Ms Joseph said.

She said she now mixes rice with more beans and buys broken rice, which is cheaper.

Another consumer, Sani Bello, said his salary can no longer sustain his family and expressed hope for cheap foodstuffs as farmers commenced harvest.

“My salary is N80,000, and things are costly. We now eat once a day, and my children take garri to school,” he said.

Mr Bello, a civil servant, urged the government at all levels to act on the hardship Nigerians face.

Some traders who spoke have confirmed the drop in patronage of their products due to hardship and inflation.

Hadiza Lawal, who sells grains and buys from major dealers in Kebbi and Kano, said customers are no longer trooping like before.

Ms Lawan said, “Before, I sold more than 10 bags in a week, but now I struggle to sell two bags.

“A bag of foreign rice, which was N75,000 in January, is now N125,000, and beans moved from N45,000 to N130,000 because of fuel and bad roads.”

She said wholesalers who go to villages to buy from farmers now pay N40,000 to N60,000 for transportation that used to cost N15,000.

At the vegetable section, buyers also decried the high cost of perishables.

Grace Simon, a vegetable seller who gets her supplies from wholesalers in Jos, Zaria and Kujama, said consumers now contribute money to buy one portion.

“Three women will put N500 each to buy one heap of Ugu for N1,500; that’s what one woman used to buy alone.

“I bought a basket of Ugu for N12,000 from Jos. The transport alone is N8,000, so I must add it to the price,” she said.

She attributed scarcity to harmattan and the high cost of fertiliser, which farmers now buy for N45,000 per bag.

Blessing Sunday, a mother of four, said she has stopped cooking egusi soup regularly and now manages groundnut soup.

“I came with N10,000 for egusi and crayfish, but I could only buy half mudu of egusi for N5,500,” she said.

Kabiru Musa, who sells egusi, ogbono and crayfish sourced from dealers who buy from farmers in Lafia, Otukpo and Ikom, said the price has doubled.

“A mudu of egusi that was N2,800 last year is now N5,500; ogbono is N7,000 per mudu; crayfish is N6,500. Buyers now buy in N200 and N500 wraps,” he said.

At Kakuri Abattoir, meat buyers complained of high prices.

Tina Okoro, a buyer who buys meat weekly for her food business, said she now uses more bones than flesh.

“A kilo of meat was N4,500 last year and now N7,000. I used to buy five kilos, but now I buy two kilos and add plenty of crayfish and seasoning to make soup taste,” she said.

A meat seller, Danladi Suleiman, who buys cows from livestock markets in Anchau and Giwa, said the high cost of feeding and transporting cows from villages due to insecurity has affected meat prices.

Aisha Mohammed, a yam seller who sources from middlemen who travel to Saminaka, Kachia, Makarfi and Niger State, said insecurity has forced traders to abandon short routes.

“Hundred tubers of big yams, which cost N150,000 last season, are now N280,000, while small ones cost N120,000.

“The boys who go to villages no longer go through shortcuts that pass through bush paths because of kidnappers. They go round through Kafanchan, so they have to add fuel money to the yam price,” she said.

Peter Ayuba, a buyer, said he used to buy 20 big tubers of yam for N50,000, but now 10 small tubers attract N45,000.

(NAN)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Momentum Builds for Historic Grassroots Sports Summit as SSA Adeboye Hosts Successful Abuja Press Conference

info

Published

on

IMG 20261105 WA0083.jpg

The countdown to the National Grassroots Sports Development Summit 2026 gathered fresh momentum on Thursday as the Senior Special Assistant to the President on Grassroots Sports Development, Hon. Adeyinka Anthony Adeboye, hosted a well-attended and successful press conference at the VIP Lounge, National Stadium, Abuja.

The event attracted sports administrators, government officials, representatives of key institutions, journalists and other stakeholders, demonstrating growing interest in the forthcoming national summit.

Read Also: “President Tinubu Is Restoring Confidence in Nigerian Sports” — SSA Adeboye Hails Fulfilment of Super Falcons’ Reward Promise

Among the distinguished personalities present were Comrade Philip Shaibu, Director-General, National Institute for Sports (NIS); Mr. Kumbi Titiloye, Chairman, Kwara United Football Club; and Ms. Seun Ojo, Head, Public Affairs & Public Policy, Nigerian Economic Summit Group (NESG).

Also in attendance were Barr. Musa Ahmadu, Dr. Ademola Are, Chairman, Accommodation and Logistics Sub-Committee; and Dr. (Mrs.) Kehinde Ajayi, Chairperson, Media Sub-Committee, alongside other members of the organising committee and summit sub-committees.

Addressing the gathering, Adeboye emphasised that the summit represents a major opportunity to redefine Nigeria’s approach to grassroots sports development through sustainable structures for talent discovery, participation and advancement.

He stressed that Nigeria possesses enormous sporting talent, but that many promising youngsters remain undiscovered because of inadequate facilities, limited opportunities and the absence of structured development pathways.

“Somewhere in Nigeria today, a future world champion is waiting to be discovered. Our responsibility is to ensure that such a child is not denied the opportunity to succeed simply because of where they were born or their family’s financial circumstances,” he declared.

The Presidential aide commended President Bola Ahmed Tinubu’s commitment to repositioning Nigerian sports, stressing that the recognition of sporting excellence must be complemented by deliberate investment in young talents across Nigeria’s 774 local government areas.

He explained that the summit would bring together government institutions, sports federations, private investors, development partners and other stakeholders to develop an actionable national roadmap.

The participation of Ms. Seun Ojo, representing the Nigerian Economic Summit Group, further underscored the important role of NESG as the summit’s technical partner in shaping discussions around policy, investment and sustainable sports development.

The press conference also featured contributions from members of the Main Organising Committee and an interactive session with journalists on the summit’s objectives and expected outcomes.

Scheduled for November 18–19, 2026, at the Banquet Hall, State House, Presidential Villa, Abuja, the summit, themed “Creating a New Pathway for Sustainable Grassroots Sports Development,” will focus on five strategic pillars: Participation, Talent Development, Infrastructure, Sports Economy and International Pathways.

Adeboye thanked the dignitaries, stakeholders and media representatives for their support, reaffirming his determination to ensure that the summit delivers practical outcomes capable of transforming grassroots sports development in Nigeria.

Continue Reading

Business

FG Backs Risk-Based Capital, Urges Insurance Directors to Move Beyond Passive Compliance

info

Published

on

BY NKECHI NAECHE-ESEZOBOR—The Federal Government has thrown its weight behind risk-based capital in the insurance industry and urged insurance company boards to move from passive regulatory compliance to active oversight.

The government made its position known through the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, at the 2026 Insurance Directors’ Conference, themed “Recapitalisation to Resilience: Leading the Risk-Based Capital Era.” The conference was organised by the College of Insurance and Financial Management (CIFM).

The minister, who was represented by Dr. Greg Ugochukwu Ezeilo, Special Adviser on Fiscal Risk Management and Sustainability, said a resilient insurance industry is indispensable to the country’s economic transformation.

He described insurance as more than a mechanism for compensating losses, calling it an instrument for mobilising long-term capital, enabling productive investment and protecting livelihoods. He said the economy needs an insurance sector able to underwrite emerging risks, support infrastructure financing and strengthen agricultural productivity.

On the transition to risk-based capital, he said insurers must align their capital with the nature, scale and complexity of the risks they take on. He also called for a more forward-looking approach to governance, investment decisions, underwriting practices and enterprise risk management.

“Capital without governance is vulnerable,” he said. He added that governance without accountability is ineffective, and that insurance without public confidence cannot fulfil its economic value.

According to him, the transition places heightened responsibility on insurance company boards. He said directors must move beyond passive regulatory compliance to active oversight and ensure that risk appetite, capital allocation, corporate strategy and institutional capacity are consistently aligned.

He set out five priorities for the industry. The first is strong governance, with visible leadership at the top, independent oversight and transparency, noting that public confidence remains the industry’s most valuable capital. The second is wider access, with affordable, accessible and relevant products for households, small businesses, farmers and underserved communities, so that insurance becomes an everyday instrument of economic security rather than a privilege of a limited market segment.

The third is directing the industry’s long-term funds, under prudent investment frameworks, towards productive investment, infrastructure financing and sustainable economic growth. The fourth is technology and innovation, including big data analytics, machine learning, artificial intelligence and innovative underwriting models, supported by robust cyber security, consumer protection and operational safeguards. The fifth is building capacity to handle emerging risks such as climate-related disruptions, cyber threats, changing demographics and increasingly interconnected financial markets.

He said the Federal Government remains committed to a stable, competitive and inclusive financial ecosystem in which insurance contributes meaningfully to national economic development. He recognised the National Insurance Commission’s role in strengthening regulatory standards, protecting policyholders and guiding the industry through the transition.

He said sustainable reform requires collaboration among regulators, operators, investors and government, and urged stakeholders to see the transition not simply as a regulatory exercise but as an opportunity for strategic transformation.

The ultimate measure of success, he said, is how effectively the industry helps Nigerians absorb shocks, builds confidence and finds progress.

The post FG Backs Risk-Based Capital, Urges Insurance Directors to Move Beyond Passive Compliance appeared first on Business Today NG.

Continue Reading

Trending