25-litre of vegetable oil sells for N26,000, palm oil N24,000 in Lagos market

In recent times, Nigeria has experienced the worst kind of inflation, one that has resulted in a high level of poverty, food crisis and price hike.

The daily increment in the cost price of goods, edible and non-edible products has taken a toll on the finance of consumers and traders; this has therefore created fear amongst citizens who earn less and spend more.

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The rising cost price of food items in the market according to traders is attributed to the grappling economy, the foreign exchange rate and insecurity that have impacted food prices, even making it a difficult task for banks supporting the nation’s economy from collapsing.

Read more from the source- NEWS2ONLINE