Stakeholders Report Drop in Food Prices Across Ogun, Oyo, and Kwara States
Key stakeholders in Ogun, Oyo, and Kwara states are reporting a noticeable decrease in the prices of essential food items, providing relief to consumers amid rising inflation worries.
A survey conducted in major markets, including Lafenwa, Kuto, and Olomore in Abeokuta, shows that staples such as rice, beans, garri, and groundnut oil have all become more affordable.
Local market actors attribute the drop to several factors: increased food supply, reduced transport costs, and possibly seasonal harvests.
While consumers are welcoming the price relief, some farmers have expressed concern that the lower market prices may hurt their earnings, especially given the high cost of farm inputs.
Officials in the affected states are being urged to sustain this positive trend by supporting both producers and traders, balancing affordability for consumers with fair returns for farmers.