FCT Residents Applaud FG’s Efforts as Food Prices Drop Across Abuja Markets

FCT Residents Applaud FG’s Efforts as Food Prices Drop Across Abuja Markets

Residents of the Federal Capital Territory (FCT) have praised the Federal Government (FG) for measures that have led to a noticeable drop in food prices, offering relief to families grappling with high living costs.

Market surveys in Abuja’s major markets, including Garki, Wuse, and Lugbe, indicate that prices of staple items such as rice, beans, yam flour, and gari have fallen significantly. For instance, a bag of rice now sells for around ₦55,000, down from ₦76,000 in previous months, while beans and gari have also seen substantial price reductions.

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Traders and residents credited the price decline to government interventions, including support for farmers, import waivers on key commodities, and improved security in farming regions, which have boosted food supply in the markets. The ongoing harvest season has further contributed to increased availability of staple foods, helping to stabilize costs.

While the reduction has been welcomed, many consumers urge the government to ensure the sustainability of lower prices, noting previous cycles where food costs surged again after temporary dips. Economists stress that consistent policies on agriculture, distribution, and market monitoring will be crucial to maintain affordability for low- and middle-income households.

FCT Residents Applaud FG’s Efforts as Food Prices Drop Across Abuja Markets