The
continuous scarcity of refined petroleum products, especially petrol, and the
attendant high cost of procuring them have pushed up the prices of essential
food items in most parts of the country.
Traders
attribute the rise in food prices to the high cost of transporting the produce
from the farm to the market coupled with high exchange rate of the naira
against major international currencies and seasonal availability of some of the
produce.
A surveyed
the prices of various food items in some major markets in different parts of
Lagos State, discovered that items like beans, tomatoes, red pepper, onion,
orange and maize had become more expensive in the past two weeks due to the
acute scarcity of fuel nationwide.
Even
though the Federal Government has paid over N150bn to the marketers of
petroleum products out of the outstanding subsidy claims and the strike by
tanker drivers and their employers has been called off, very few filling
stations are selling petrol to motorists.
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