A survey of December 2005 food prices in Lagos revealed sharp increases that kept consumers out of the city's stores and markets. The increases amounted to an approximate average of 20 percent.
The survey was conducted by the News Agency of Nigeria (NAN) and a report appeared in This Day (Lagos) on December 30, 2005.
Some of the food products affected are staples of the holiday season and include: rice, beans, yams, groundnut oil, plantain, semovita and garri. This Day said that prices for condiments were relatively steady.
Two examples of steep price increases were: A bag of rice increased over 15 percent during the Christmas season when compared with the price before Christmas. The price of a large yam went...