It was artificially manipulated – Shehu Sani spills on hike of foodstuff price

Former Kaduna Central Senator Shehu Sani stated on Wednesday that the increase in foodstuff prices was intentional and not a natural occurrence.

Sani mentioned that certain dishonest people are using inflation as an excuse to raise the prices of foodstuffs and consumables.

According to Shehu Sani on X, formerly Twitter, the recent decrease in food prices (on the paper) indicates that the previous price increase was being manipulated.

However, with that said, TopNaija, at the time of filing this report, hasn’t confirmed any reduction in prices of consumables in the country, as some media outlets have postulated.

According to Shehu Sani on foodstuff hike: “The fact that food prices are coming down in some states as reported in the papers shows that the prices are artificially and deliberately manipulated by some unscrupulous individuals hiding behind the inflation.”

The economic hardship in the country had led to a hike in the prices of foodstuffs across the country.

The shortage of foodstuffs was also linked to the hoarding by some people and illegal smuggling to neighbouring countries.

Recall that Vice President Kashim Shettima had disclosed how security operatives discovered 32 illegal routes being used to smuggle foodstuffs and other items to neighbouring countries from Nigeria.

Shettima said security agents intercepted 45 trucks smuggling maize to neighbouring countries.

He noted that the price of “maize came down by N10,000. It came down from N60,000 to N50,000” when the trucks were intercepted.