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Yam prices have skyrocketed in Abuja’s main markets, and traders blame the steep rise on growing gasoline and transportation expenses.
Despite the introduction of new yams, which typically indicate a decline in price, a market poll on Tuesday revealed that yam prices had continued to rise, according to the PUNCH.
It was realized that, in contrast to last year’s decreased prices, a single tuber of yams now sells for between ₦5,000 and ₦15,000, depending on size.
According to Grace Ibrahim, a seller in Gwagwalada Market, prices have increased by about 25% since 2024.
In 2024, medium yams sold for ₦4,000, but today they sell for ₦5,000. Larger ones cost between ₦12,000 and ₦15,000. These days, even the tiniest yams cost ₦6,000 or ₦7,000,” she stated.
“Yams from Benue or Nasarawa used to cost ₦10,000 to transport in a small truck, but now it costs ₦20,000. The larger trucks cost ₦60,000, she clarified.
Ibrahim Musa, another shopkeeper, claimed that as more families battled with the growing cost of food, patronage has decreased.
“People no longer purchase as much as they once did. It’s not only the costs; everything has gone up in price. “A lot of consumers are just selecting less expensive options,” he bemoaned.
A few consumers attested to the change in consumption. Despite the harvest season, yams have become pricey, according to Mrs. Deborah Oga.
In a similar vein, Mrs. Dorcas Okeke reported that her family had cut back on yam consumption.
Every weekend, we used to purchase four tubers. We are now limited to two. We’re eating more cassava and potatoes,” she declared.
The traders emphasized that such actions would help stabilize food costs and urged the Federal Government to assist farmers with subsidized fertilizers, improved road networks, and measures to relieve gasoline prices.
Experts have also cautioned that the increased trend in food costs, including those of yams, may continue until issues with fuel and transportation are resolved, which would deteriorate food security and economic stability across the country.
