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Jagaban has hit the ground running just like he promised during his campaign, but it’s still too early to say if we rate him or not.
He recently announced a monthly ₦8k palliative measure to ease the effects of the fuel subsidy removal. This money, if approved by the senate, will be paid to poor households across the country.
But with a budget of ₦8k in today’s Nigeria, how many items can you afford on this list?
Rice
We don’t know if President Tinubu is aware, but a paint bucket of rice is selling for as high as ₦3500 to ₦3700 these days, and it can barely last a month.
Garri
Source: GoMarket
Garri stays being the ultimate saviour in times of hardship. It’s now about ₦1500 for a paint bucket sha.
Beans
Source: GidiMarket
Beans used to be cheap, but not anymore. A derica of drum (olotu) sells for as high as ₦600 and a paint bucket now goes for about ₦3500.
Instant noodles
Source: ShopOnClick
Depending on the type and size you want to buy, you’ll have to shell out about ₦3500-₦5000 from your ₦8k palliative for a carton of instant noodles. The smallest size of common brands sells at ₦100-₦150.
Egg
Source: Bulk price store
This is the protein option for many people who can’t afford chicken, turkey, beef or fish. But even these days, one egg sells for ₦100-₦150 and a crate at almost ₦2500.
Vegetable oil
Source: MSME
A 50cl bottle of local vegetable oil sells for ₦1000-₦1500 depending on where you’re buying from. Prices are relatively cheaper in the local markets.
Semolina
The brand determines the price but, on average, a 1kg bag of semolina costs ₦800-₦1000.
Palm oil
You’ll get a 50cl bottle of palm oil at your local market for about ₦900-₦1000.
