Nigeria, Oct. 2 -- A market survey conducted at Wuse, Kubwa, Nyanya, and Dutse Alhaji revealed changing dynamics that still define household spending.
A bag of onions, a mainstay in most Nigerian homes, soared drastically to between N55,000 and N60,000 from roughly N45,000 in July. Onions peaked at N60,000 at the Orange Market, hence many households worried about budgetary constraints.
Also rising were the prices of goat meat, with a lap costing N7,500 to N13,500 as opposed to N6,800-N10,000 in July. Traders blamed this on rising transportation expenses and ongoing instability in agricultural regions.
On the other hand, families found some relief from declining rice, bean, tomato, and yam prices. Two months ago, brown beans were s...