Bayo Onanuga, the Special Adviser to President Bola Ahmed Tinubu on Information and Strategy has taken to his official X handle to react after a yam seller said the price of yam has been reducing.
According to the post that Onanuga shared of his page, the trader said the price has been reducing since January and the price drop has been a thing of shock to many of them.
According to Bayo Onanuga, the trader said;
“We began experiencing it in January, and it has remained so even in March. New yams are supplied at cheaper prices every day, so how can you hoard the product and not lose money? So I think this is what is responsible for the consistent drop in the price”.
Reacting to the statement that was made by the trader, Bayo Onanuga said it is another confirmation that inflation is easing in the country.
According to Bayo Onanuga;
“Another report on falling prices of foodstuffs in the market confirms that inflation is easing”.
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