Connect with us

News

Prices of rice, garri, tomato, beans, yam rise in April 2024 – NBS

Published

on

By Francesca Hangeior

The National Bureau of Statistics (NBS), has disclosed that the prices of rice, garri, tomato, beans, yam and other food items increased in April 2024.

The NBS said this in its Selected Food Prices Watch report for April 2024 released in Abuja on Friday.

The report said that the average price of 1kg of local rice increased by 155.93 per cent from N546.76 recorded in April 2023 to N1, 399.34 in April 2024.

Advertisement

“On a month-on-month basis, 1kg of local rice increased by 3.47 per cent in April from the N1, 340.74 recorded in March 2024.”

It said that the average price of 1kg of white garri increased by 134.98 per cent on a year-on-year basis from N362.50 recorded in April 2023 to N851.81 in April 2024.

“On a month-on-month basis, 1kg of white garri increased by 13.59 per cent from the N749.89 recorded in March 2024.”

The report said that the average price of 1kg of tomato increased by 131.58 per cent on a year-on-year basis from N485.10 in April 2023 to N1, 123.41 in April 2024.

Advertisement

“On a month-on-month basis, the price increased by 17.06 per cent from the N959.68 recorded in March 2024.”

The NBS said that the average price of 1kg of brown beans rose by 125.43 per cent on a year-on-year basis from N615.65 in April 2023 to N1387.90 in April 2024.

“On a month-on-month basis, 1kg of brown beans increased by 12.44 per cent from N1, 234.40 recorded in March 2024 to N1,387.90 in April 2024. ”

In addition, the average price of 1kg of yam tuber rose by 154.19 per cent on a year-on-year basis from the N444.69 recorded in April 2023 to N1, 130.37 in April 2024.

Advertisement

“On a month-on-month basis, it increased by 5.76 per cent from N1, 068.78 recorded in March 2024 to N1, 130.37 in April 2024.”

On state profile analysis, the report showed that in April 2024, the highest average price of 1kg of local rice was recorded in Niger at N1, 785.47, while the lowest was recorded in Benue at N993.72

It said that Bayelsa recorded the highest average price of 1kg of white garri at N1, 095.26, while the lowest was recorded in Benue at N494.47.

The NBS said that the highest average price of 1kg of tomato was recorded in Delta at N1, 851.19, while the lowest price was recorded in Zamfara at N547.22

Advertisement

According to the report, Abuja recorded the highest average price of 1kg of brown beans at N2, 288.36, while the lowest was reported in Yobe at N818.03.

It said Cross River recorded the highest average price of 1kg of yam tuber at N 1,797.15, while the least average price was recorded in Bauchi at N638.64.

Analysis by zone showed that the average price of 1kg of local rice was highest in the South-West at N1, 615.21, followed by the South-South at N1, 564.85.

“The lowest price was recorded in the North-West at N1, 163.13.”

Advertisement

The South-South and South-West recorded the highest average price of 1kg of white garri at N1,031.19 and N 982.42, respectively, while the lowest price was in the North-West at N681.77.

The report said that the South-South recorded the highest average price of 1kg of tomato at N1, 689.40 followed by the South-West at N1, 429.06 , while the North-West recorded the lowest price at N615.54

The NBS said also that the North-Central and South-South recorded the highest average price of 1kg of brown beans at N1, 594.84 and N1, 579.64, respectively.

“The North-West recorded the lowest price of 1kg of brown beans at N966.9.”

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

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

News

Reps Tackle CBN, OAGF Over Missing Grants, Bailout Funds

Published

on

By Gloria Ikibah 
The House of Representatives has commenced investigations into the utilisation of take-off grants, bailout funds, and interventions allocated to government institutions, from 2015 to present.
The Special Committee received submissions from the Central Bank of Nigeria (CBN), Office of the Accountant General of the Federation (OAGF), Economic and Financial Crimes Commission (EFCC) and Federal Ministry of Health, among others on Thursday.
Naijablitznews.com recalled on March 6, 2025, the Speaker Tajudeen Abbas, set up the special committee sequel to the adoption of a motion of urgent public importance, by the House Minority Leader, Rep. Kinglsey Chinda at plenary.
Rep. Chinda noted that over the years, various agencies and institutions, both old and newly created have received start-up funds and special financial support from the government to help with their initial operations and meet specific needs, including settling pending obligations.
He expressed concern that there have been ongoing reports pointing to the misuse or redirection of these funds, which may prevent them from being applied to the purposes for which they were originally intended. 

According to him, such financial mishandling not only disrupts critical public services and projects but also results in major losses to the nation’s purse—resources that could have been channelled into crucial services and developmental efforts, as laid out in Section 14(2)(b) of the Constitution.

 

Speaker Abbas, thereafter setup a Special Committee to be chaired by Rep. Chinedu Martins to immediately launch a probe into the “Utilisation of take-off grants, bailout funds, and interventions allocated to MDAs, government institutions, and GOEs from 2015 to present.”

Standing in for the Governor of the Central Bank, the Acting Director of Development Finance, John Hammah, assured the committee of the bank’s willingness to collaborate fully in helping it achieve its objectives.
Hammah, said he was representing  Olayemi Cardoso, who is currently out of the country, appealed to the committee for some time to gather and organise the relevant details needed for their ongoing work.
He said: “Mr Chairman and Honourable members, We got the invitation to appear before you yesterday and we hurriedly put this report together. We now understand the broad scope of your assignment and that you need accurate data covering the period 2015 to date. We plead with this committee to give us additional time to enable us to furnish you with to date report as requested”. 
Following extended discussions, the Committee Chairman Chinedu Martins granted the Central Bank a two-week window, instructing that the CBN Governor must appear in person before the Committee on May 2, 2025.
In a similar move, representative of the Office of the Accountant General of the Federation, James Abalaka, was also given two weeks to return with a detailed breakdown of disbursements, and highlighting which agencies received funds and the exact timelines.
The Economic and Financial Crimes Commission (EFCC) was also in attendance, as the Commission’s Secretary, Muhammad Hammajoda, called on the Accountant General’s office to provide the EFCC with the necessary disbursement records related to the various MDAs.
“We want a formal report detailing the amounts and purpose of disbursement. This is the format we want the report to come from the secretariat. When we get these documents, we will sit down and analyse them”, he stated.
Speaking on behalf of the Minister of Health and Social Welfare, Prof. Ali Pate, Deputy Director Accounts, Olatunde Makinde, explained that the Ministry only received the Committee’s invitation earlier that Thursday.
To ensure accurate and complete information is provided, he requested additional time so the Ministry could gather the necessary documents before appearing.
“We don’t want to give you inaccurate information. We want to seek indulgence and understanding to give us time to reach out to the institutions under us and get an accurate view.  There are many of them across the 36 states of the Federation,” he said. 
Earlier, while declaring the investigation open the Speaker of the House of Representatives, represented by the House Leader, Rep. Julius Ihonvbere outlined the significance of the exercise.
He said: “The House has implicit confidence in the Committee’s capacity to conduct a thorough, impartial, and transparent investigation, engaging with relevant stakeholders, and gathering evidence to inform its findings. 
“Our overall goal is to promote good governance, optimise public resource utilisation, enhance accountability in government business and equally strengthen our democracy.”
Also in his welcome address, the Committee Chairman, Rep. Martins reiterated that the purpose of the investigating hearing is to ensure that Nigerians get value for their money.
“It is imperative that we thoroughly investigate how these funds have been utilised, ensuring that every naira spent is accounted for and that it has truly benefited our citizens. Therefore, I would like to urge heads of agencies and organisations present today to provide truthful and accurate information to this committee in order to enable us to carry out our work. 
“The hearing is not a witch-hunting exercise; rather, it is an opportunity for all stakeholders to come together in the spirit of cooperation. I assure all participants that we are committed to a fair hearing and respectful dialogue through this process,” he said.
Continue Reading

News

Abuja light rail project must be commissioned on May 29-Wike vows

Published

on

By

The FCT Minister, Mr. Nyesom Wike, expressed satisfaction with the progress on the Abuja light rail project, reaffirming its May 29 delivery as sacrosanct.

He made these assurances after inspecting the ongoing construction of access roads to the train stations on Wednesday, from Metro Train Station in the Central Area to Nnamdi Azikiwe International Airport, Abuja.

Reassuring journalists accompanying him, the minister reiterated that President Bola Tinubu would commission the rail project on May 29 to mark his second year in office.

The visited stations were Wupa station near Idu and Bassanjiwa station near the airport.

Advertisement

“This is part of our routine inspection of ongoing projects to see the contractors’ progress,” Wike explained.

“We are working day and night to fulfill our promise to President Tinubu and FCT residents. By May, Mr. President will ride on the Metro line.”

Continue Reading

News

Just in: Alleged Herdsmen Armed With AK-47 Rifles Take Over Communities In Benue State

Published

on

By

Gunmen suspected to be Fulani herdsmen are currently invading some communities in the Ukum Local Government Area of Benue State.

According to sources, the herdsmen armed with AK-47 rifles stormed the community around 04:15pm on Thursday.

“Our lives are in danger this evening, armed Fulani herdsmen, about 600 in numbers have taken over our communities this evening,” a resident told SaharaReporters.

“They’re currently moving around towns in Ukum Local Government Area of Benue state. No security personnel at all, Governor Alia didn’t send security, they said operation will start soon once they (herders) have observed the place.”

Advertisement

The insecurity situation in Benue has been alarming in recent weeks with attacks from gunmen suspected to be herdsmen.

The media had reported that suspected herdsmen again unleashed terror in Benue State, attacking three communities in Otukpo Local Government Area (LGA) on Wednesday, just a day after 11 people were killed in a deadly raid on Otobi community.

The latest victims of the escalating violence were Emichi, Odudaje, and Okpamaju, communities that had previously suffered an attack in February, which left five people dead.

However, the renewed attack has created fear and mass displacement among residents, with women and children fleeing to safety.

Advertisement

Local sources say the death toll from the fresh attack remains unclear, but several casualties are feared.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News