Saturday 7 November 2020

Why price of onions skyrocketed across Nigeria

 

Soaring demands, flooding and poor storage facilities are the main causes of the skyrocketing price of onions in Nigeria, a Premium Times check has revealed.

Households in Nigeria now have to dig deeper into their pockets to buy onions, one of the most commonly consumed vegetables in the country as prices have risen sharply due to a biting shortage.

In the past month, prices have been on a steady rise as scarcity hits markets across the country.

Consumers have taken to social media to trade complaints about the surging prices, comparing price rates in different regions of the country.

The price of a bag of onions has shot up by nearly 200 per cent, according to price checks done by this reporter in markets in at least five states across Nigeria.

During a visit at the Olojudo market, Ido Ekiti in Ekiti State, both sellers and buyers who believe the spike is seasonal gave an insight into how onion prices and availability is increasingly becoming a problem.

Prices differ in different regions depending on the availability of onions.

“The price of onions is usually higher this time of the year, November to December because this is the time when farmers grow this crop,” Mallam Dogo, an onion dealer, said.

“A bag of onions sold at the rate N18,000 before is now sold for N58,000,” he said.

 

 

- Premium Times

 

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