Skip to main content

Food Prices up by 81% average, as transport fare soars

The price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the corresponding period of 2022.


The National Bureau of Statistics, NBS, disclosed this yesterday in its Selected Food Price Watch for December 2023.

NBS also said the average price of 1kg of Beans brown (sold loose) rose by 48.5 percent YoY to N870.67 in December 2023 from N586.14 in December 2022.

Similarly, the average price of 1kg onion bulb rose by 122.9 percent YoY to N971.86 in December 2023 from N435.93 in December 2022.

In addition, the average price of 1kg of Tomato rose by 77.6 percent YoY to N814.16 in December 2023 from N458.42 in December 2022.

Meanwhile, the NBS in its Transport Fare Watch for December 2023 released yesterday said transport fare for bus, motorcycle (Okada), air and water transport journeys increased during the period.

It stated: “The average fare paid by commuters for bus journeys within the city per drop declined to 13.83 percent from N1,047.64 in November to N902.70 in December 2023. “On a YoY basis, it rose by 40 percent from N644.66 in December 2022.

“In air travel, the average fare paid by air passengers for specified routes single journey was N85,692.12 in December 2023, showing an increase of 5.36 percent while compared to previous month (November 2023).

“On a YoY  basis, the fare rose by 14.8 percent from N74,597.30 in December 2022. The average transport fare paid on Okada transportation was N419.73 in December 2023 which declined by 11.29 percent when compared with the value recorded in November 2023 (N473.13).  On a YoY basis, the fare declined by 9.04 percent when compared with December 2022 (N461.45).


“For water transport (waterway passenger transportation), the average fare paid in December 2023 increased to N1,386.76 from N1,352.70 which indicates an increase of 2.5 percent on a monthly basis.

“On a YoY basis, it increased by 34.77 percent from N1,029.00 in December 2022.”

Popular posts from this blog

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State.  Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic.  Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation.  Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...
Read more

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...
Read more

Tension In Uruagu Nnewi As Community Leaders Dare Soludo,Defy Court Order

The President of Uruagu-Nnewi Development Union, Chief Sunday Okoli aka Organizer, and the Obi of Uruagu-Nnewi community in Nnewi North local government area of Anambra State, His Majesty Afamefuna Charles Obi, have swept Soludo's directive to the gutters, by reason of their suspension and subsequent dessolution of the leadership of the community's youth forum, led by Ejike Ifejiofor, and subsequent appointment of caretaker executive to pilot the affairs of youths in the community. The Anambra governor had, through a letter dated August 9, 2024, signed by the Permanent Secretary, Anambra State Ministry of Youth Development, Dr. Martin Agbili, warned the community leaders to stay any action regarding suspension of the Uruagu-Nnewi youth forum. The community had, through its PG, Chief Okoli, written to the Ministry of Youths Development, notifying the ministry of "immediate suspension" of the youth group over alleged insecurity in the area. But the ministry,...
Read more