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Minister Urges Traders, Insists Food Prices Must Reflect Market Drop

by Intercept Nigeria
February 19, 2025
in Agriculture
, The Minister of Agriculture, Abubakar kyari

, The Minister of Agriculture, Abubakar kyari

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The Federal Government has called on businesses to avoid taking advantage of customers and to reflect the drop in food costs.

At Dabi village in Jigawa’s Ringim Local Government Area on Tuesday, during the 2025 Wheat Farmers Green Field Day, Minister of Agriculture and Natural Resources, Abubakar Kyari made this statement.

He criticised the shops’ indifference in reflecting the decline in sales despite a price cut, calling it nationalistic and intolerable.

Farm Products Market in Nigeria

“The federal government is aware of the significant drop in the prices of food items across major markets, particularly for essential commodities such as flour, sugar, rice, and pasta.

“However, it is deeply concerning that many retailers, bakers, and shop owners have refused to reflect this reduction in their selling prices, thereby denying Nigerians the relief they deserve.

READ ALSO: Two Suspects in Anambra Lawmaker’s Murder Escape Police Custody

“In previous months, stakeholders in the retail value chain raised concerns about the rising cost of food items. Now that the prices have dropped, such as flour, which fell from N81,000 per bag to below N60,000, Spaghetti has fallen from N20,000 to N15,000.

To take into account the realities of the present market, he reaffirmed the government’s commitment to guarantee food supply and interact with pertinent parties.

According to the News Agency of Nigeria, the federal and Jigawa state governments worked with the Flour Milling Association of Nigeria to plan the event.

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