Housewives Lament As Tomato Prices Soar

Published

2 years ago

July 3, 2023

Some housewives in the Federal Capital Territory, Abuja on Sunday said they have ditched tomatoes for their stews and other sauces as cost skyrockets.

The residents, who made this known in an interview with the News Agency of Nigeria, said they have resorted to using garden eggplants and carrots in their stews.

They said garden egg, called “ganyen gauta” in Hausa, “igba” in Yoruba, and “anyara” in Igbo, could blend very well with rice in the same manner as tomatoes.

Others said they were exploring pumpkin, pawpaw, or traditional soups like white soup and palm fruit soup popularly called banga soup in place of tomato stew.

Mrs Jumai Amodu, a mother of five, said a week without rice with tomato stew was unfulfilling for her and the family.

She said rice with stew was a regular on their menu, adding that “there is an unexplainable satisfaction that comes with taking cooked rice and stew.”

The mother of five, however, said with the scarcity and high cost of tomatoes, her family was exploring garden egg stew.

Amodu said, “Since tomatoes became very expensive, we decided to use garden egg for stew and it is as sweet as tomato stew.

“The only major difference between garden egg stew and tomato stew is the colour.

“We also use pumpkin stew with rice sometimes and although it has its unique taste, it blends well with rice.”

Mrs Helen Omo, a businesswoman, said although tomato stew was an important recipe in almost all homes in Nigeria, its scarcity had made some Nigerians think of alternatives.

“I went to the market yesterday to get some tomatoes for stew and a sizeable bushel, which costs between N2000 and N2500 was being sold for as much as N6500.

“I did not bother to haggle the price because it was way beyond my budget,” she said.

Mr Chinedu, an entrepreneur, told NAN that he enjoyed taking rice with pepper soup or white soup.

“The prices of all foodstuff have gone up but that of tomatoes is outrageous probably because it is tomatoes off-season.

“Besides being expensive, it is very scarce and as a result, we decided to explore other recipes,” he said.

Umar Adamu, a tomatoes retailer in Nyanya market in the FCT, said he had stopped retailing tomatoes for some days due to low patronage.

He said customers were not “patronising him because of the high cost.”

Mrs Rukkaya Umar, Chief Executive Officer, Abraks Farm Produce Nigeria Limited said the primary reason for the scarcity of tomatoes was the high cost of fertiliser.

According to her, many tomato farmers do not grow it because they cannot afford fertiliser, adding that fertiliser was critical to its growth.

Umar also said reliance on seasonal farming was one of the reasons for the scarcity, adding that it was tomatoes off-season.

“Most farmers in Nigeria still do seasonal farming and that is contributing greatly to scarcity of farm produce particularly in their off-seasons,” she said.

NAN reports that a sizeable basket of tomatoes which hitherto sold for about N10,000 now sells for about N35,000 while big baskets cost more.

NAN

Naira Appreciates At Official Market

Published

3 weeks ago

May 24, 2025

Editor

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market.

Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone.

This marks a 0.28 per cent appreciation from Thursday’s closing rate of ₦1,584.95 in the official foreign exchange window.

The local currency maintained consistent strength throughout the week, recording gains daily.

On Monday, May 19, it traded at ₦1,598.68; on Tuesday, at ₦1,590.45; and on Wednesday, at ₦1,584.49.

These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.

Meanwhile, the CBN, at its 300th Monetary Policy Committee meeting held Monday and Tuesday, retained the Monetary Policy Rate at 27.5 per cent.

BREAKING: Again, Dangote Refinery Cuts Petrol Price

Published

3 weeks ago

May 22, 2025

Editor

The Dangote Petroleum Refinery has announced a nationwide reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, with new prices now ranging between ₦875 and ₦905 per litre, depending on location.

The ₦15 per litre cut applies across all regions and partner fuel stations, and was confirmed via an official announcement posted on Dangote Refinery’s social media channels on Thursday.

Major marketers participating in the new pricing regime include MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy — partners in the distribution of Dangote-refined products.

Under the previous pricing structure, Lagos residents paid ₦890 per litre, while prices reached ₦920 in the North-East and South-South regions. With the latest adjustment, Lagos now pays ₦875 per litre, while the North-East and South-South will see prices drop to ₦905.

A regional breakdown of the revised prices is as follows: Lagos: ₦875, South-West: ₦885, North-West & Central: ₦895, North-East & South-South: ₦905 and South-East: ₦905.

In its announcement, Dangote Refinery encouraged consumers to purchase fuel only from authorised partner stations and urged the public to report any cases of non-compliance via its official hotlines: +234 707 470 2099 and +234 707 470 2100.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company said.

Business

Naira Appreciates Against Dollar At Foreign Exchange Market

Published

4 weeks ago

May 17, 2025

Editor

The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market.

It appreciated N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency.

According to figures published on the Central Bank of Nigeria’s official website, the Naira strengthened by N0.60k against the Dollar on Friday.

This upward movement represents a 0.03 per cent appreciation compared to the N1,599.32 exchange rate recorded at the close of trading on Thursday.

The local currency had shown some resilience earlier in the week, posting gains on both Tuesday and Wednesday trading sessions.

On Tuesday, the Naira appreciated by 0.02 per cent, followed by a stronger gain of 0.21 per cent on Wednesday.

These improvements were seen as positive indicators of growing investor confidence and increased supply in the foreign exchange market.

However, Thursday’s trading session saw a minor setback, with the Naira slipping by N2.62 against the Dollar.

This loss equated to a 0.16 per cent depreciation, dampening the midweek rally seen in previous sessions.

Market analysts attributed Thursday’s dip to a brief increase in Dollar demand from importers and other market participants.

Despite this, the week still closed on a positive note, with the Naira showing signs of gradual recovery and increased market stability.

Analysts continue to monitor the Central Bank’s policies, especially interventions aimed at improving Dollar liquidity and managing demand pressures.

The Naira’s performance in the coming weeks will likely depend on consistent supply inflows and investor sentiment across the broader economic landscape.