As the Christmas and New Year celebration fast approaches, Nigerian consumers and traders anticipate a general rise in the prices of selected food items.
Rice, vegetable oil, frozen and live chickens, tomato paste, pepper and condiments are essential for Christmas and New Year parties and because of the high demands for these food items, the prices in this festive period are hiked.
However, a visit to some of the major markets in Abuja revealed that the prices of these items have not really risen since the hike experienced during the border closure months ago.
On August 21, the Nigerian Government closed the Seme border between Nigeria and Benin Republic.
The government said the decision was to strengthen the agricultural sector and curb massive smuggling activities, especially of…