Connect with us


Yam prices soar as inflation worsens




Nigeria has witnessed an increase in the price of yam by 954 per cent, as the country experiences 739.4 per cent inflation over the span of 19 years.

In 2002, a single tuber of yam cost only around N150. It is now around N1000 to N1700. The further away from the capital, the more expensive it is.

“A lot of yam-sellers in Rivers state buy yam from the North and Middle Belt,” said Osi Kelvin, a yam seller in Port Harcourt.

In many Nigerian traditions, the plant is a symbol of wealth and power. However, the “king of crops” is now sold in slices for the poor who cannot afford to buy a whole tuber.

“This is to aid affordability, especially among the lower class who cannot afford a whole tuber,” Mr Kelvin continued.

The yam is the heart of the Nigerian diet. The versatility of yam allows it to be cooked in several different ways.

“You can boil, fry, or pound it. Yam can be processed to make yam flour, fried yam chips, yam balls, and even starch,” said food scientist Bushra Abdulmalik.

Yam also plays an important role in various cultures of the country. For example, The New Yam Festival is usually held every August by the Igbo to celebrate the harvest season, while for the Tiv of Benue State, it is also a key element of dowries.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sports4 mins ago

Thomas Muller Has Provided A Damning Verdict On Barcelona’s Deficiencies

Politics4 mins ago

Kwara pensioners seek payment of unpaid gratuity

Business News6 mins ago

Sanwo-Olu Suspends Proposed Walk for Peace Over COVID-19

Local6 mins ago

Whitemoney is Nigeria’s most humble celebrity: Gov. Umahi

News10 mins ago

Automate passport, national ID issuance, Reps charge Immigration, NIMC

News18 mins ago

RCCG Pastor Stabbed To Death In Lagos By New Converts

Entertainment20 mins ago

Singer, Harrysong welcomes a child with wife (video)

Local28 mins ago

New Zealand passes law allowing change of sex on birth certificates

News32 mins ago

Finance bill makes TIN mandatory for banks’ account holders

Local50 mins ago

Military calls for support from NIPR, other professional bodies

Business News52 mins ago

Outstanding Debts: Be Patient With us—NDDC Begs Contractors

News54 mins ago

Rivers man attempts suicide for losing savings to forex scam, police arrest victim

Politics54 mins ago

Umahi set to establish two more universities in Ebonyi

Local1 hour ago

Persons with disabilities protest at Lagos Assembly

Business News1 hour ago

FG to Make TIN Compulsory for Bank Account Holders

News1 hour ago

Concern as vaccinated participant tests positive, organisers trace contacts

Local2 hours ago

Gov. Zulum bans NGOs from giving food to Borno resettled communities

News2 hours ago

FG plans to acquire N1.8bn telecom facilities to block fraudsters

Entertainment2 hours ago

Lady defies all odds to emerge the best graduating student of her department

Local2 hours ago

36,000 litres of adulterated diesel seized in Anambra: NSCDC

News19 hours ago

2023: Group cautions against fresh plots to defame Osinbajo

Business News19 hours ago

EFCC Declares MBA Forex Owner Wanted Over N231bn

Politics23 hours ago

3800 civil servants to write promotional exams in Bauchi

Sports23 hours ago

Rio Ferdinand And Michael Owen Have Agreed That Mohamed Salah Was An Average Finisher When At Chelsea

Entertainment23 hours ago

“She had plastic surgery without informing him, she was seeing another man” – Ned Nwoko’s media team spills ‘truth’ about his separation with Moroccan wife, Laila

Local4 hours ago

Nigerian Army honours 52 generals

Politics23 hours ago

Oyo NIPR holds 2021 dinner, honours Tribune, Ayefele, Onireti, others

News23 hours ago

Man kills neighbour over alleged witchcraft in Akwa Ibom

Politics15 hours ago

Dowen College parents mourn, demand justice over death of Sylvester

Business News19 hours ago

How Retirement Can be Enjoyed, Not Endured: The Imperatives!

News22 hours ago

80 Nigerians to graduate from Business School Netherlands

World17 hours ago

ZOA Accuses Yad Vashem of ‘appalling’ censorship of Jerusalem Mufti’s ties to Hitler

Politics22 hours ago

Reps probe N91.873bn Anchor Borrowers loan

Business News15 hours ago

Stanbic IBTC Pension Managers Rewards Customers

Business News22 hours ago

FG to Inject N381trn into Economy to Create Job, Tackle Poverty

Business News23 hours ago

NGX RegCo to Engage Issuers on Post-Listing Requirements

News22 hours ago

1m doses of COVID vaccine expires in Nigeria – Reuters

Entertainment21 hours ago

“They don’t bully you as much as they bully me” – DJ Cuppy reacts after her sister, Temi, said she loves Twitter

Local22 hours ago

U.S. imposes financial sanctions on Ugandan military chief over conspicuous abuses

Business News22 hours ago

AfDB 2021 Electricity Regulatory Index Ranks Nigeria 21