Wednesday, May 6, 2026
  • About Us
  • Advertise With Us
  • Contact Us
  • Privacy Policy
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-COPY
No Result
View All Result
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-COPY
No Result
View All Result
Salient Times Online
No Result
View All Result
Home Business

No longer poor man’s food: Price of Garri surges by 105% in Nigeria

Salient Times Online by Salient Times Online
March 7, 2024
in Business
0
No longer poor man’s food: Price of Garri surges by 105% in Nigeria
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

No longer poor man’s food: Price of Garri surges by 105% in Nigeria

 

You might also like

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity

Sachet water producers suspend production in Imo over rising costs

Nigerian, UK businesses scale up investments as President Tinubu visits London

The price of garri, a popular staple food in Nigeria, has increased by 108 per cent in three months, reaching a record high as cassava production shrinks nationwide

A survey in major markets in the Federal Capital Terrritory, FCT, shows that the average price of a 50kg bag of yellow garri surged by 108 per cent from an average of N18,000 in December 2023 to N37,500 in March 2024.

ADVERTISEMENT

Similarly, a 4-litre paint container measure of yellow garri now sells for an average of N2,500 as against N1,200 sold in December 2023, while a 50kg bag of white garri sells at N35,000 as against N17,000 sold in December 2023, indicating a 105 per cent increase in price.

According to data from the Food and Agricultural Organisation (FAO), Nigeria is the world’s largest producer and consumer of cassava and was projected to churn out 60.8 million metric tonnes of cassava in 2022.

The production of the tubers in 2023, according to farmers, was hampered by the impact of climate change, worsening insecurity and the uncertainty around last year’s elections.

Reacting to the development, Segun Adewumi, National President of Nigeria Cassava Growers Association, NCGA, said a lot of farmers were discouraged from cultivating the tubers last year owing to uncertainty surrounding the 2023 elections.

“The uncertainty and potential disruption during the change in government discouraged farmers from cultivating cassava as extensively as usual. This is what led to the production shortfall,” Adewumi said.

Salient Times reports that garri is regarded as ‘poor man’s food’ in Nigeria but with the recent hike in the cost of the commodity, like other food items, many Nigerians are now finding it difficult to afford it.

According to the National Bureau of Statistics, food inflation increased to 35.42 per cent in January 2024

Tags: Gaari
Previous Post

10 arrested over killing of Zamfara Muslim scholar, Sheikh 

Next Post

Journey to Progress: Celebrating the Commissioning of the Blue Line Rail Project in Lagos State

Salient Times Online

Salient Times Online

Related Posts

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity
Business

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity

by Salient Times Online
March 19, 2026
Sachet water producers suspend production in Imo over rising costs
Business

Sachet water producers suspend production in Imo over rising costs

by Salient Times Online
March 19, 2026
Tinubu directs service chiefs to relocate to Maiduguri
Business

Nigerian, UK businesses scale up investments as President Tinubu visits London

by Salient Times Online
March 17, 2026
FG Won’t Surrender Aviation Sector to Foreign Interests — Keyamo
Business

FG Won’t Surrender Aviation Sector to Foreign Interests — Keyamo

by Salient Times Online
March 17, 2026
Nigerian artists generate N60bn on Spotify in 2025
Business

Nigerian artists generate N60bn on Spotify in 2025

by Salient Times Online
March 17, 2026
Next Post
Journey to Progress: Celebrating the Commissioning of the Blue Line Rail Project in Lagos State

Journey to Progress: Celebrating the Commissioning of the Blue Line Rail Project in Lagos State

ADVERTISEMENT
Salient Times Online

Salient Times Newspaper is a product of a dedicated Journalist and a public analyst.

Categories

  • Business
  • Celebrity Gist
  • Crime
  • Culture
  • Education
  • Entertainment
  • Fashion
  • Features
  • Food
  • Gist
  • Health
  • ICT
  • International
  • Interview
  • Lifestyle
  • Metro
  • National
  • News
  • Obituary
  • Opinion
  • Politics
  • Religion
  • Sponsored
  • Sports
  • Travel
  • World

Recent News

Amotekun Corps Declare Ogun Woman Wanted for Allegedly Jumping Bail

Amotekun Corps Declare Ogun Woman Wanted for Allegedly Jumping Bail

March 31, 2026
The Business Of Bombs :War, Wealth, and the World’s Most Profitable Industry   

The Business Of Bombs :War, Wealth, and the World’s Most Profitable Industry  

March 30, 2026

© 2023 Salient Times Online. All Right Reserved

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Opinion
  • Culture
  • Entertainment
  • Lifestyle
  • About Us
  • Contact Us
  • Advertise With Us

© 2023 Salient Times Online. All Right Reserved