Kehinde Fajobi
The Federal Government has called on retailers to pass on recent reductions in food prices to consumers, warning against exploitation.
Minister of Agriculture and Natural Resources, Abubakar Kyari, made this appeal on Tuesday, February 18, at the 2025 Wheat Farmers Green Field Day in Dabi village, Jigawa State.
He condemned the refusal of some retailers, bakers, and shop owners to adjust their prices despite a noticeable drop in food costs.
“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,” Kyari said.
He noted that while prices of key food items had surged in previous months, recent declines—such as flour dropping from ₦81,000 per bag to below ₦60,000 and spaghetti falling from ₦20,000 to ₦15,000—should be reflected in retail prices.
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“It is only fair and just to let consumers benefit from food price reduction,” he added.
Kyari reaffirmed the government’s commitment to food security and pledged further engagement with stakeholders to ensure market realities translate into affordable prices for Nigerians.