6 important food items whose cost rice skyrocketed in 2022 and why

  • A lot of happenings in the year 2022, shaped the availability and cost price of goods in major markets across the country
  • Nigerians witnessed like never before the unprecedented rise in teh cost price of major goods such as rice, beans, yam, and vegetable oil, to mention but a few
  • This development however informed the drop in the profit of buyers and low purchasing power of buyers in recent times

In the year 2022, the market environment witnessed a change in its activities with regard to food prices and availability.

Like never before there was a major rise in the cost price of major goods in the market and this led to lamentation on the part of the buyers and even traders.