FG Urges Retailers to Reduce Food Prices

The Federal Government has called on retailers to reflect the current drop in food prices, urging them not to exploit consumers.

This appeal was made by the Minister of Agriculture and Natural Resources, Abubakar Kyari, at the 2025 Wheat Farmers Green Field Day in Jigawa.

Kyari expressed disappointment that despite the significant decrease in food prices, many retailers have refused to adjust their selling prices accordingly. He described this attitude as “unpatriotic and unacceptable.”

“However, it is deeply concerning that many retailers, bakers, and shop owners have refused to reflect this reduction in their selling prices, thereby denying Nigerians the relief they deserve.

“In previous months, stakeholders in the retail value chain raised concerns about the rising cost of food items. Now that the prices have dropped, such as flour, which fell from N81,000 per bag to below N60,000, Spaghetti has fallen from N20,000 to N15,000.

“It is only fair and just to let consumers benefit from food price reduction,” Kyari said.

He reiterated the government’s commitment to ensure food availability and engage with relevant stakeholders to reflect the current market realities.

(NAN)