Abuja vendors and residents rejoice over a sharp decline in rice prices. This change brings hope to many families. Government actions play a key role in this positive shift.
Vendors Share Their Joy
Vendors in Lugbe market express great happiness. Mrs Vivian Uche sells beans, rice, and other items. She notes that a bag of rice now costs N55,000 instead of N76,000. Customers buy more, and business thrives.
Moreover other foods see price drops too. A module of gari falls to N500 from N1,000. Beans decrease to N600 per measure. Uche states this relief helps traders and buyers alike.
Residents Praise Government Efforts
Residents commend the federal government’s interventions. Mrs Ifeoma Iwuji, a civil servant, highlights policies that boost food supply. She says families can now afford better meals.
In addition, Mrs Cynthia Chukwuma shops at the market. She urges the government to maintain these low prices. Past fluctuations worry her, but current benefits bring joy to families.
Reasons Behind the Price Drop
Several factors drive this reduction. The harvest season increases food supply. Improved security lets farmers access their lands.
Furthermore, the government offers free import waivers. This leads to cheaper imports. Subsidized fertilizers and dry-season farming initiatives support the change. Mr Kayode Iyiola, a farmer, explains these efforts lower costs nationwide.
Challenges Remain
However some Nigerians still face low incomes. Purchasing power stays weak despite price drops. Iyiola points out that many struggle with basics. Moreover the drop offers immediate relief. Residents hope for sustained stability. They look forward to more government support.
Looking Ahead
In conclusion, Abuja celebrates this welcome change. Vendors and buyers unite in optimism. Continued efforts will ensure lasting affordability for all.
