• PT Insider
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • PT Jobs
  • Advert Rates
  • Contact Us
  • Digital Store
Thursday, July 2, 2026
Premium Times Nigeria
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Gender
  • Investigations
    • All
    • Alabuga Reports
    • Blood on Uniforms
    Government Day Secondary School, Lassa

    EXCLUSIVE: 36 students still missing after Borno school attack

    A collage of IPOB flag, attacked police station and Simon Ekpa

    SPECIAL REPORT: IPOB-linked attacks, killings reduce since Simon Ekpa’s jailing

    Inside details of farmer-herder clashes in Abuja community

    SPECIAL REPORT: Inside details of farmer-herder clashes in Abuja community

    Rev Usetu Bassey’s Ibogo for Christ crusade, Ibogo Community in Biase LGA, Cross River, Dec 2024

    How mob brutally assaulted woman accused of witchcraft at church crusade

    INVESTIGATION: Commissioned But Locked: How an idle hospital is failing women in Akwa Ibom

    INVESTIGATION: Commissioned But Locked: How an idle hospital is failing women in Akwa Ibom

    A roofless section of the Akwa Ibom State House of Assembly Complex

    SPECIAL REPORT: The secrecy, unanswered questions about Akwa Ibom Assembly’s N15.47bn project

    Monisade Afuye, incumbent deputy governor of Ekiti State (APC)

    #EkitiDecides2026: A ballot without women candidates

    An illustration depicting the terrorists’ use of social media platforms

    How Nigerian terrorists use TikTok, exploit country’s digital governance gap

    SPECIAL REPORT: Failing waste system leaves Lagos roads buried in trash

    SPECIAL REPORT: Failing waste system leaves Lagos roads buried in trash

  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Trade Insights
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
    • All
    • Analysis
    • Columns
    • Contributors
    • Editorial
    Yemi Adetayo writes about overcoming recession.

    More than your salary, By Yemi Adetayo

    Azu Ishiekwene writes about Muhammadu Buhari and his legacy.

    Unusual moments in the World Cup, By Azu Ishiekwene

    Professor-Ibrahim-Abdullah writes about Dr Segun Osoba as the historian of radical political economy.

    Walter Rodney: Sierra Leonean historiography’s refusal of a radical inheritance, By Ibrahim Abdullah

    Africa at the turning point: From managed expectations to strategic agency, By Wale Osofisan

    Why I am “bullish” about Africa: The data tells a different story, By Wale Osofisan 

    When ideology yields to identity: The new axis of conflict, By Sola Fasure

    Police IG’s absurd logic on tinted glasses, By Sola Fasure

    Tunde Akanni writes about his teachers on World Teacher's Day.

    Thumbs up for Oga Bello at 65, By Tunde Akanni

  • Health
    • News Reports
    • Special Reports and Investigations
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • non Gamstop casinos
      • Kasyna online
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential
    • Gubernatorial
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Gender
  • Investigations
    • All
    • Alabuga Reports
    • Blood on Uniforms
    Government Day Secondary School, Lassa

    EXCLUSIVE: 36 students still missing after Borno school attack

    A collage of IPOB flag, attacked police station and Simon Ekpa

    SPECIAL REPORT: IPOB-linked attacks, killings reduce since Simon Ekpa’s jailing

    Inside details of farmer-herder clashes in Abuja community

    SPECIAL REPORT: Inside details of farmer-herder clashes in Abuja community

    Rev Usetu Bassey’s Ibogo for Christ crusade, Ibogo Community in Biase LGA, Cross River, Dec 2024

    How mob brutally assaulted woman accused of witchcraft at church crusade

    INVESTIGATION: Commissioned But Locked: How an idle hospital is failing women in Akwa Ibom

    INVESTIGATION: Commissioned But Locked: How an idle hospital is failing women in Akwa Ibom

    A roofless section of the Akwa Ibom State House of Assembly Complex

    SPECIAL REPORT: The secrecy, unanswered questions about Akwa Ibom Assembly’s N15.47bn project

    Monisade Afuye, incumbent deputy governor of Ekiti State (APC)

    #EkitiDecides2026: A ballot without women candidates

    An illustration depicting the terrorists’ use of social media platforms

    How Nigerian terrorists use TikTok, exploit country’s digital governance gap

    SPECIAL REPORT: Failing waste system leaves Lagos roads buried in trash

    SPECIAL REPORT: Failing waste system leaves Lagos roads buried in trash

  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Trade Insights
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
    • All
    • Analysis
    • Columns
    • Contributors
    • Editorial
    Yemi Adetayo writes about overcoming recession.

    More than your salary, By Yemi Adetayo

    Azu Ishiekwene writes about Muhammadu Buhari and his legacy.

    Unusual moments in the World Cup, By Azu Ishiekwene

    Professor-Ibrahim-Abdullah writes about Dr Segun Osoba as the historian of radical political economy.

    Walter Rodney: Sierra Leonean historiography’s refusal of a radical inheritance, By Ibrahim Abdullah

    Africa at the turning point: From managed expectations to strategic agency, By Wale Osofisan

    Why I am “bullish” about Africa: The data tells a different story, By Wale Osofisan 

    When ideology yields to identity: The new axis of conflict, By Sola Fasure

    Police IG’s absurd logic on tinted glasses, By Sola Fasure

    Tunde Akanni writes about his teachers on World Teacher's Day.

    Thumbs up for Oga Bello at 65, By Tunde Akanni

  • Health
    • News Reports
    • Special Reports and Investigations
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • non Gamstop casinos
      • Kasyna online
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential
    • Gubernatorial
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Cross section of a Market

Cross section of a Market

Easter: Lagos traders, shoppers lament rising food prices

According to him, distance, fuel costs, and multiple levies along supply routes all combine to inflate the final prices consumers pay in urban markets.

byAgency Report
April 5, 2026
Reading Time: 2 mins read
0
Google Logo Add us on Google
MTN ADVERT

The Baba Loja General of Agbado Oke-Odo LCDA, Abiodun Kosoko, has blamed rising fuel prices for surging food costs, warning that transport expenses are squeezing traders and deepening hardship for consumers across Lagos.

Mr Kosoko spoke during a visit by the News Agency of Nigeria (NAN) to the Ile Epo Market, describing a sharp disconnect between foot traffic and actual sales.

FIRST BANK AD Do you live in Ogijo

He said that although markets still attracted crowds daily, purchasing power had weakened significantly, leaving traders with unsold goods and diminishing returns on their investments.

Mr Kosoko explained that many traders sourced food items from northern and neighbouring states, where production was higher, but transportation to Lagos was increasingly expensive.

Premium Times

Stay Ahead with Premium Times

Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting.

Google Logo Add as a preferred source on Google

According to him, distance, fuel costs, and multiple levies along supply routes all combine to inflate the final prices consumers pay in urban markets.

PT WHATSAPP CHANNEL

“People come to buy foodstuffs but leave with less than planned. There are turnouts but no turnover,” Mr Kosoko said.

He warned that the trend threatened the sustainability of small-scale traders, many of whom depended on quick sales to avoid losses from perishable goods.

Mr Kosoko urged the federal government to intervene through fuel subsidies or targeted transport support to stabilise prices and protect both traders and low-income households.

He noted that a bag of rice, previously sold for ₦50,000, now costs between ₦56,000 and ₦58,000, depending on brand and supply conditions.

“It is affecting us, sellers, because some goods spoil if unsold. People now buy in smaller quantities, unlike before,” he added.

Hammed Adekunle, a meat seller, said customers frequently expressed shock at prices, often accusing traders of profiteering without understanding supply chain realities.

He said bargaining had become more intense, with some customers attempting to reduce ₦5,000 worth of meat purchases to as low as ₦1,000.

“They think I inflate prices, but suppliers keep raising costs beyond my control,” Mr Adekunle said.

Mr Adekunle added that rising costs of livestock, feed and transportation had left meat sellers with little choice but to adjust prices or risk running at a loss.

Sola Ogunbade, a teacher, said the persistent rise in food prices had forced her to prioritise essential items while dropping others from her shopping list.

“Foodstuffs are expensive. I must stick to my budget even if my list isn’t complete,” she said.

READ ALSO; Food prices dropped by 50% amid agricultural reforms — Minister

She noted that even staple foods such as rice, beans and vegetables had become difficult to afford in sufficient quantities for her household.

Mary Chukwu, a mother of three, said the situation had reduced family meals to basic survival, with little room for nutritional balance or dietary variety.

She explained that her focus was now on ensuring her children do not go hungry, even if meals lack protein, fruits or other essential nutrients.

Mrs Chukwu appealed to government authorities to consider subsidies on fuel and key food items to ease pressure on struggling families.

Funbi Idowu described the Easter period as the hardest his family had experienced, saying economic realities had forced them to scale down celebrations.

“We can’t afford a whole chicken. We will celebrate Easter quietly and hope things improve,” he said.

He added that what used to be a festive period marked by abundance had now become a time of careful spending and reduced expectations.

(NAN)

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Share on Telegram (Opens in new window) Telegram
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
Premium Times

Stay Ahead with Premium Times

Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting.

Google Logo Add as a preferred source on Google
Previous Post

Tinubu commends Ogun projects, says reforms enabling subnational development

Next Post

Inside senator’s APC exit and Sokoto’s power struggle

Agency Report

Agency Report

More News

Former Vice President Atiku Abubakar [PHOTO CREDIT: ]

Atiku calls for probe of Gbajabiamila-Adeyemi scandal, says NASS failed

July 2, 2026
Poor condition of the Mkpat Enin legislative building

Where did N10.08bn go? Akwa Ibom LGA under fire over poor state of public facilities

July 2, 2026
Nigeria’s Aviation Minister, Festus Keyamo [PHOTO CREDIT: Festus Keyamo]

Keyamo explains Asaba aircraft incident, says pilots mistook construction road for runway

July 2, 2026
Recovered illegal firearms

Soldiers kill six suspected terrorists in Plateau

July 2, 2026
ADC secretariat (CREDIT: @ADCngcoalition)

Court affirms David Mark-led ADC leadership

July 2, 2026
Kenneth Okonkwo

Atiku appoints Kenneth Okonkwo as spokesperson amid legal battle with Peter Obi

July 2, 2026
Leave Comment

  • About Us
  • Contact Us

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game

Projects & Partnerships

  • AUN-PT Data Hub
  • #EndSARS Dashboard
  • Parliament Watch
  • Panama Papers
  • AGAHRIN
  • #PandoraPapers
  • #ParadisePapers
  • #SuisseSecrets
  • Our Digital Network
  • About Us
  • Contact Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2025 The Premium Times, Nigeria

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

DMCA.com Protection Status
  • Home
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential & NASS
    • Gubernatorial & State House
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • Gender
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Trade Insights
    • Business Specials
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • non Gamstop casinos
      • Kasyna online
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • #EndSARS Dashboard
  • AUN-PT Data Hub
  • Projects
    • Panama Papers
    • Paradise Papers
    • SuisseSecrets
    • Parliament Watch
    • AGAHRIN
  • Opinion
    • Editorial
  • PT Hausa
  • Become a PT Insider
  • DONATE
  • About Us
  • Dubawa NG
  • Advert Rates
  • PT Jobs
  • Digital Store
  • Contact Us

All content is Copyrighted © 2025 The Premium Times, Nigeria