Encomium
A lot of Nigerians crossed over to 2016 with great expectations, most especially as a new government just took over leadership. At the beginning, things were a bit rosy until the sudden wind of change blew across the country, leaving behind devastating effects. Rates of dollar against naira jerked up, prices of commodities skyrocketed, price of fuel skyrocketed too. Nigerians have not yet come to terms with the resultant effect, with companies relocating outside the country, mass sack across different sectors. Day in day out prices of communities have witnessed almost a 100 percent increment and became unaffordable for the masses.
ENCOMIUM Weekly presents prices of commodities as sold in major markets today.
Commodity Now (N) Before (N)
Bic Shaving stick 80 50
Air freshener 300 200
Robb 30 10
Exercise book 60 leaves 100 60
Exercise book 40 leaves 70 50
Higher education 200 150
C-WAY 650 400
Ball pen 30 20
Sachet water per bag 120, 140 80
Razor blade 200 120, 80
Biscuit 10 5
Semo (10 kg) 3,000 2,300
Semo (5kg) 1,600 1,200
Elubo (Yaw flour) 6,000 5,000
Apple (small) 60 50
Apple (big) 120 100
Pear 150 120
Bar soap (Canoe, Nittol) 80 50
Gari (bucket of paint) 700, 600 400
Rice (bucket of paint) 1,400 1,000
Beans (bucket of paint) 1,000 800
Beans (oloyin – bucket of paint) 1,500 1,000
Titus (1 kilo) 1,000 800
Chicken (1 kilo) 950, 1000 750
Crate of egg 1,000 850
Bathing soap (Dettol pack of six) 850 700
Palm oil (5 liters) 3,000 1,900
Pail oil (one bottle) 600 400
Vegetable oil (Mamador 5 liters) 3,200 1,000
Vegetable oil (Kings 5 liters) 3,500 2,500
Dangote sugar (1 kg) 450 150
Coca Cola (small bottle) 60 50
Tin Tomato (sachet) 70 50
Spaghetti (per one) 200 100
Shaving stick 40 60
Bread 150, 200 200, 250
Candle 50 20
Kerosine (Beer bottle) 100 70
Kerosine (Ragolis bottle) 250 200
Matches 70 50
Poly bag 20 10
– SHADE WESLEY-METIBOGUN
