With a week to Christmas, prices of foodstuffs and other items have skyrocketed in major markets in Lagos, Lagos State, southwest Nigeria.
A survey carried out at Agege, Iyana-Ipaja, Egbeda and Baale markets, Egbeda, revealed that prices of consumable have gone up by about 30 per cent as Christmas approaches.Traders who spoke to P.M.NEWS blamed the increase on high cost of transporting goods to the markets and fuel scarcity.In Agege market, a bag of rice formerly sold for N8,400 now sells for N9,000 while a tin of beans which was sold for N300 now sells for N150. A plastic measure of garri which attracted N350 before now sells for N400. A gallon of groundnut oil now sells for N7,500 as against the former price of N6,800.
