Food inflation has declined massively – Bayo Onanuga

Bayo Onanuga, Special Adviser on information and strategy to the President has revealed that food inflation in Nigeria has declined massively

He said this in a tweet on August 12, 2024 while reacting to a report by Cable Newspaper that the prices of a basket of tomatoes has dropped from N150,000 to N60,000 amid new harvests

According to the report by TheCable traders in Ketu & Berger markets gave the new prices. A trader at Ketu market said a big basket of tomatoes is currently selling for about N55,000 to N60,000 down from an average of N150,000 a few months ago.

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Additionally, a crate of tomatoes that previously cost N55,000 is now being sold for N30,000. He said a large basket of habanero pepper (rodo) is now selling for an average of N25,000 compared to N55,000 at the peak of the price surge

It is the season. Hausa tomatoes & peppers are already coming out,” the trader said providing reasons for the decline

Another trader in Ketu market said a small basket of tomatoes now costs between N20,000 and N25,000