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Published On: Thu, Nov 23rd, 2017

Abuja residents decry high prices of food stuffs

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By Ahmed Tahiru Modibo

Residents of Kabusa in the Federal Capital Territory (FCT), Abuja have decried the continuous rise in the prices of food stuffs, even when the country is out of recession.
Since the economy of the country slipped into recession and now, people having been experiencing hardship of providing for their families, the comfort they needed due to the high cost of goods.
Peoples Daily observation attributed the high cost of goods or food stuffs to hoarding by traders. They purposely hoard these goods for their own selfish interest which is to make profit at all cost.
According to a trader, Mrs Esther, “a bag of rice now cost the sum of N16, 000, bag of beans N38, 000, bag of maize N11, 000, basket of tomatoes N6000 respectively. So you can see how expensive things are even now that Christmas is still far. Am calling on the government to checkmate the practice of the traders so that the common man would have his way,” she said.
Meanwhile, a trader also spoke out saying that it is not in their interest to increase the prices of goods, but that they experience hardship before getting the goods to their stores.
According to a rice dealer in Kabusa market, Musa, “sometime, we go through a lot of hardship before we get these goods deliver to us and we are being force to extract what we have spent from the goods.” he said.
When asked if they go in to hoarding for their interest, he gave no answer.
Many people are making preparation ahead of the festive period because of fear of price increase.

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