In recent months, Nigeria’s inflationary figures have surged astronomically, rising to an all-time high in two decades, to 29.90% ...
EXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalFood security: The Bago challenge, By Dakuku PetersideEXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisHow to stay constantly motivated, By Sunday AdelajaIn recent months, Nigeria’s inflationary figures have surged astronomically, rising to an all-time high in two decades, to 29.
For instance, a 40-pack carton of Indomie Regular Chicken 70g, which sold for N10,650 now sells for N8,900. Indomie standard pack 100g, which sold for N15,000 now go for N12,300 per carton.In the same vein, the 40-pack carton of Indomie Super Pack Chicken Flavor 120g which sold for N17,950 now sells for N14,700
Umaru Bello, a roadside fast-food and beverage seller fondly called ‘Mai shai’ at the Kaduna Central Market, also confirmed that the price of Indomie Noodles has come down appreciably, to the delight of his consumers.”Indeed, the price of Indomie has significantly reduced, and this is good for my kind of business, as it had led to more and more of my customers returning”, he remarked enthusiastically.
In a related development, the President, Bola Ahmed Tinubu has ordered the Nigeria Customs Service to return all seized food items to their owners. The items were reportedly confiscated for contravening import and export rules are currently stockpiled at the various Customs warehouses in the country.