The price of tomatoes in Nigeria has skyrocketed, with a basket of tomatoes now selling for between N90,000 and N100,000. This is a significant increase from the previous price of N20,000. The high price of tomatoes is causing hardship for many Nigerians, who rely on the vegetable as a staple food.
The price hike is due to a number of factors, including a pest infestation in tomato farms in the north of Nigeria, as well as the devaluation of the Naira. The pest infestation has caused widespread damage to tomato crops, leading to a decrease in supply. The devaluation of the Naira has made it more expensive for importers to bring tomatoes into Nigeria, further driving up prices.
The high price of tomatoes is having a ripple effect on other businesses. Restaurants are being forced to raise their prices, and some are even suspending the sale of tomato-based dishes. Food vendors are also feeling the pinch, as they are unable to pass on the full cost of tomatoes to their customers.
The government has taken some steps to address the high price of tomatoes, but these measures have so far been unsuccessful. The government has imposed a ban on the export of tomatoes, but this has not been enough to bring down prices. The government has also increased the import quota for tomatoes, but this has not been enough to meet the demand.
The high price of tomatoes is a major concern for Nigerians. It is causing hardship for many people and is having a negative impact on the economy. The government needs to take further steps to address this issue, or it will continue to cause widespread problems.
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