Rising cost of living alarms Abuja residents

Abuja residents have expressed worry over the astronomical rise in the cost of living in the Federal Capital Territory (FCT) at a time they expect a drop in the price of goods and services.

Although some people blamed the rising cost of living on the recent minimum wage and fuel pump increase, others think it is as a result of government’s faulty economic policies.

In the last couple of weeks, prices of goods and services have risen by between 10 and 50 percent. For example, fare for intra city movement has gone up by as much as 50% in some cases.

At present, a bus ride from Gwagwalada – Garki which used to cost N250 is now between N350 – N400, other routes have similarly been affected.

This hike in fare also has multiplier effect on consumer goods and other commodities as traders add whatever they pay for transport of their goods to the final cost.

Recently, Blueprint went round on a market survey to know more about the hike on food items.

Price of staple food such as garri has gone up. To get a module of garri , city dwellers have to part with N400 (white) and N500 (red). The price of rice rose from N500 per mudu to N700, beans N350 -N650, corn and maize from N250 – N400 while alebo (cassava flour) rose from N150 – N300.This is also applicable to other food stuffs such as red oil, vegetable oil, magi cubs, meat/fish etc.

The hike in food prices and other essential commodities are increasing on daily basis as the price you buy a particular item today may go up astronomically the following day.

Even pure water usually sold for N10 a sachet now costs N20 while a bag of pure water containing 20 sachets formerly sold for N100 is now N150.

Mrs Folashade Terlumun who spoke to Blueprint in Chukuku, a suburb of Kuje area council, FCT Abuja, on the strength of cost of living in the area lamented the ugly situation and called on the government to look into the plight of the masses by resolving the lingering high cost of living.