Bismarck Rewane, an economist and the Executive Director of Financial Derivatives, has said the prices of tomatoes and pepper dropped to N60,000 per basket amid the hunger protests.
Rewane, who is also a member of the Presidential Economic Coordination
Council, disclosed this on Thursday in an interview with Channels Television.
According to him, the drop represents a significant price
reduction when compared to the N130,000 to N150,000 a basket of tomatoes and
pepper sold two to three weeks ago.
He, however, noted that the food items were sold out at perishable value.
According to him, the prices of tomatoes and pepper may
increase again as business activities return to normalcy in Nigerian markets
post-protests.
“Our team went into the market Yesterday(Wednesday), percent
drop in the price of tomatoes to down to N60,000 per basket, the price was bold
two to three weeks ago.
“Pepper has come down to N60,000 by 57 percent. I think that
these are perishable goods. Because of the protests and the restrictions on
movement, the goods that are on the farm are not getting to market and the ones
in the market are being sold off.
“What I think will happen is that in the next few days, the
price of tomatoes and peppers will increase again. Right now it is the
perishable value that will be seen in the market,” he said.
Recall that in the past week, protesters had taken to the
streets in major Nigerian cities, demonstrating against the rising cost of
living in the country.
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