A significant decline in food prices has been observed in Borno, Yobe, and Adamawa states, according to a recent survey conducted by the News Agency of Nigeria. The prices of essential commodities such as rice, maize, beans, pepper, millet, and cooking oils have dropped substantially in major markets across the region.

In Maiduguri, the capital of Borno State, a 50kg bag of rice now sells for between N64,000 to N65,000, down from N78,000 to N82,000 in August and September. Similarly, a 100kg bag of maize has dropped from N60,000 to N65,000 to between N40,000 and N45,000. The price of white beans has also decreased from N105,000 per 100kg bag to N85,000.

Traders attribute the decline in prices to increased supply from local farmers and improved access to farms due to recent security enhancements in parts of Jere, Konduga, and Mafa Local Government Areas. Malam Haruna Bukar, a grains dealer, stated that the increase in supply has led to a decrease in prices. However, Hajiya Amina Umar, a beans and garri retailer, warned that the decline in prices might be temporary due to the lack of storage facilities.

In Damaturu, the capital of Yobe State, prices have also dropped significantly. A big measure of white beans now costs N3,000, down from N6,000 in February, while a big measure of rice has decreased from N5,000 to N2,500. The prices of maize and millet have also fallen to N1,000 and N800, respectively.

Experts attribute the decline in prices to the massive importation of grains by the present administration. Dr. Binta Yahaya, an economist at Yobe State University, stated that the importation has led to a flood of grains in the market, resulting in lower prices. However, she emphasized the need for a balanced approach to ensure that both customers and farmers are not negatively affected.

To sustain the decline in prices, traders and experts recommend that the government provide storage facilities, support local farmers with farm inputs, and improve transportation systems. Dr. Obadiah Noah, a retired director at the Federal Ministry of Agriculture, emphasized the need for the government to invest in local production, improve irrigation systems, and address insecurity on farmlands to ensure long-term food security.

The decline in food prices has brought relief to consumers, but experts warn that a sustainable approach is necessary to ensure that the trend continues. The government’s efforts to improve food security and stabilize prices will be crucial in the coming months.